The beauty of automatic savings with payroll deductions
Saving is a breeze when you regularly contribute a fixed amount to your RRSP+!
When you choose the RRSP+, you pay less tax and support the local economy.
Benefit from an additional 30% tax credit**
Because we have a mission to help build collective wealth while supporting the Quebec economy and creating future employment here, the governments have agreed to offer tax credits to encourage Quebec workers to save even more with the Fonds. An RRSP+ with the Fonds means 30% more tax savings than a regular RRSP!
Make your dreams a reality
Buying your first home or going back to school are just two of the many ways you can leverage your RRSP+ savings.
Support hundreds of local businesses
The Fonds invests in over 2800 companies that create jobs all across Quebec. So you most certainly know someone who works at one of these companies!
Why opt for automatic savings?
Automatic savings are by far the easiest and most effective way to contribute to your RRSP+.
Thousands of companies participate in the Fonds’ payroll deduction program. Ask your employer for details. For each pay, a fixed amount is deducted and deposited in your RRSP+.
- You decide the amount to be deducted
- You can change or stop the deduction at any time
- You will benefit from tax savings with each pay
Automatic bank withdrawals
Your contributions are withdrawn directly from your bank account according to the frequency and amount you choose.
- You decide the amount to be withdrawn
- You determine the frequency of withdrawals (weekly, bimonthly or monthly)
- You can change, cancel or interrupt the withdrawals at any time
- The minimum amount per withdrawal is only $10
Calculate your savings with payroll deductions
Determine the amount you want to set aside on each pay, and get your tax return immediately!
Calculate your payroll deduction
Real cost to you: $0.00
|Amount deducted per pay||$0.00|
|+ 30% tax credit||$0.00|
Indicate $0.00 per pay in the 'Amount to be invested' field when you fill out your contribution form.
The Fonds de solidarité FTQ’s shareholders will receive 15% in tax credits from the Québec government and 15% from the federal government. They are capped at $1,500 per fiscal year, which represents a $5,000 purchase of shares of the Fonds de solidarité FTQ.
Save more for less: Choose payroll deduction for your RRSP+.
See how your RRSP+ gets you more for less.
Annual income: $40,000
Financial goal: Just starting to save for retirement
Savings habit: $50 every two weeks
Stephanie did her calculations and she determined she could save $50 every two weeks without tightening her belt too much. Because her employer offered payroll deductions and she could immediately benefit from her deductions on each pay, she decided to contribute to an RRSP+ in this way.
With the Fonds calculator, she learned that her pay would be only $50 less if she contributed $118 per pay to her RRSP+ because her deductions were credited to her immediately with each pay.
So now Stephanie contributes $3068 annually to her RRSP+ without breaking the bank.
If she had chosen instead to make automatic contributions of $50 every two weeks to her RRSP, she would only have saved $1300. So she was able to accumulate an additional $1768 in her RRSP by using payroll deductions!
Did you know that an RRSP+ can help you realize your future plans?
Whether you’ve just started saving or you’re nearing retirement, your savings with the Fonds are there for whatever you want out of life.
Most Frequently Asked Questions
David, a Saving Services agent for the last 10 years, will be delighted to assist you.
Call us Monday to Friday from 8:30 a.m. to 5 p.m. for service tailored to your needs.
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