Planning for retirement is easier than you think.

Here are some steps to follow to plan your retirement.

  • During this important time in your life, you can count on one or more sources of income.

    1. The federal government’s Old Age Security pension starting at 65 years of age
    2. The Quebec Pension Plan (QPP), if you have contributed to it during your active life
    3. Your employer’s pension plan
    4. Your personal savings
  • The best time to retire depends on your life plans and your health, as well as your available income. Since you’ll have no employment income, you’ll have to draw on your personal assets. The moment you choose to retire will influence your savings strategy.

    Before 60 years of age

    You’ll be solely dependent on your personal savings or your pension plan, if you have one.

    Starting at 60 years of age

    You’ll be eligible for a Quebec Pension Plan (QPP) pension.

    At 65 years of age

    You’ll have access to all the public sources of retirement income: Quebec Pension Plan (QPP), federal Old Age Security pension and the Guaranteed Income Supplement (if you are eligible for it).

  • To ensure a peaceful and successful retirement, plan to pay yourself 70% of your annual gross employment income. If your gross annual income is $40,000, you’ll need $28,000 when you retire to maintain your lifestyle. Also keep in mind any rent or mortgage payments you’ll need to make, the state of your health and your retirement projects.

    Helpful tools

    Several smart, well-designed tools that simulate retirement income are available online.

    The Guide de la planification financière de la retraite published by Question Retraite provides a host of useful links to help you make sense of it all.

  • An RRSP has an essential role to play in your retirement savings strategy. It lets you accumulate savings while deferring the tax to be paid until later. For this reason, an RRSP is very profitable. How so? Because your income will have decreased, you’ll have less tax to pay than you did during your professional life.

    The RRSP+ lets you make the most of your retirement

    The additional 30% in tax credits offered by the RRSP+ gives it a distinctive advantage: for the same investment as you would make in a regular RRSP, it helps you save at a lower cost.

  • The earlier you get started, the more savings you accumulate. However, it’s never too late to begin!

Why choose the Fonds?

Get an additional 30% in tax credits*

An additional 30% in tax credits! That’s what you get with an RRSP+ at the Fonds.

Support hundreds of local businesses

Sail Plein Air, Les Brasseurs du Nord, SSQ Assurance-vie, you probably know someone who works for a company in which the Fonds invests.

Enjoy customized service

Prefer making a quick contribution online? Great choice, and it only takes a few minutes! If you prefer to talk to someone, our agents are available to take your call.

Notes

*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.

The RRSP+ is profitable before and after you retire.

Discover how the RRSP+ (registered retirement savings plan at the Fonds de solidarité FTQ) helps you grow your retirement savings, diversify your investments and maximize your contributions.

Name: Michelle

Age: 55 years old

Professional status: On phased retirement

Annual taxable income: $52,000

Retirement savings habits: Annual investment of $2,500 in a regular RRSP

Each year, Michelle used to contribute $2,500 to her regular RRSP, which cost her $1,572 after the tax savings. This year, to maximize her unused contribution limit, Michelle has opted to contribute to the Fonds instead. With an additional 30% in tax savings, she knows she can invest $4,780 in her RRSP+ and benefit from a tax reduction of about $3,208. That’s how, for a real cost of $1,572, Michelle will increase her annual savings by $2,280.

Notes

*Example based on the 2017 taxation year for an individual with an annual taxable income of $52,000, at a marginal rate of 37.12%. The calculated amounts are estimates that can vary according to your tax situation.

Most Frequently Asked Questions

Getting Started
What does my income need to be when I retire?
Most specialists agree that, if you want to maintain your lifestyle upon retirement, you’ll need roughly 70% of your gross annual work income
More Details : What does my income need to be when I retire?
RRSP+
What’s the difference between an RRSP+ at the Fonds de solidarité FTQ and other RRSPs?
Only the RRSP+ with the Fonds offers an additional 30% in tax savings. However, its biggest difference lies in its social impact.
More Details : What’s the difference between an RRSP+ at the Fonds de solidarité FTQ and other RRSPs?
RRSP+
Why hasn’t my financial advisor told me about the RRSP+?
The Fonds de solidarité FTQ has not retained the services of a securities broker to invest its shares.
More Details : Why hasn’t my financial advisor told me about the RRSP+?
RRSP+
RRSP+: How are the tax savings calculated?
Your savings are calculated by adding the additional 30% in tax savings offered by the RRSP+ with the Fonds to your marginal tax rate.
More Details : RRSP+: How are the tax savings calculated?
Redemptions and withdrawals
Are my shares “frozen” until age 65?
You can benefit from the savings in your RRSP+ well before your 65th birthday, but only under certain conditions!
More Details : Are my shares “frozen” until age 65?
RRSP+
RRSP+: Why are labour-sponsored fund tax credits capped at $5,000 per year?
The amount eligible for tax credits is set by the federal and provincial governments.
More Details : RRSP+: Why are labour-sponsored fund tax credits capped at $5,000 per year?

Interested in the RRSP+?

Contribute online, or contact one of our Shareholders' Service agents to learn more.

Contribute online
Legal Notes

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.

Please read the prospectus before buying Fonds de solidarité FTQ shares. Copies of the prospectus may be obtained on the fondsftq.com website, from a local representative or at the offices of the Fonds de solidarité FTQ. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.
Prospectus En ( 883 Kb )