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Debunking 11 savings myths
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Save with every paycheque when you opt for payroll deductions
Learn how payroll deductions can help you save more in your RRSP+, for much less.
Set up payroll deductionsWatch our explainer video (in French only)
Tip
To find out if your employer offers the RRSP+ via payroll deduction with the Fonds, simply ask your payroll department or call us at 1-800-567-3663.
Calculate your payroll deduction
Result
Real cost to you: $0.00
| Amount deducted per pay | $0.00 |
|---|---|
| RRSP deduction | $0.00 |
| + 30% tax credit | $0.00 |
| Real cost | $0.00 |
Indicate $0.00 per pay in the "Amount to be invested" field when you fill out your contribution form.
Notes
Calculated amounts are estimates which may vary depending on your tax situation. Note that the income tax brackets and tax rates used are established according to the current fiscal rules as of January 1, 2026.
Tax savings
Receive an extra 30% in tax credits¹ when you contribute to an RRSP+ with the Fonds, in addition to the standard RRSP deduction.
Simplicity
If your employer offers payroll deductions, you can set up your contributions in just minutes from your online account. Modify or cancel your contributions at any time.
Peace of mind
Once you've set up your payroll deductions, you can contribute throughout the year to work toward your savings goals without having to think about it, even if share issuance is limited.
Deduction at source
Reduce the net amount of your withdrawals while benefiting from tax savings with every paycheque.
Most frequently asked questions
RRSP+
What are payroll deductions?
Payroll deductions is an automatic savings method offered by your employer that allows you to contribute to your RRSP+ directly from your paycheck and receive an immediate tax credit.
More Details
: What are payroll deductions?
RRSP+
How do I know if my employer offers payroll deductions?
To learn if your employer offers this feature, the simplest way is to check with your company's payroll service.
More Details
: How do I know if my employer offers payroll deductions?
RRSP+
How to contribute to your RRSP+ via payroll deductions.
If your employer offers the RRSP+ via payroll deductions, all you need to do is sign up and start contributing online.
More Details
: How to contribute to your RRSP+ via payroll deductions.
RRSP+
What is the difference between payroll deductions and automatic withdrawals?
Payroll deductions let you enjoy tax savings with each paycheque. Automatic withdrawals, on the other hand, are deducted from your bank account and you receive your tax savings at the end of the fiscal year.
More Details
: What is the difference between payroll deductions and automatic withdrawals?
My Online Account
How do I modify or discontinue my payroll deductions?
Log in to your account, then click on "My contributions".
More Details
: How do I modify or discontinue my payroll deductions?
Non-registered savings
What does it means to buy non-RRSP+ shares?
It means you can buy shares that aren't registered in an RRSP+.
More Details
: What does it means to buy non-RRSP+ shares?
These articles may be of interest to you
1
The subscription for shares of the Fonds de solidarité FTQ may give rise to labour-sponsored fund tax credits. The tax credits amount to 30%, namely 15% at the Quebec level and 15% at the federal level, and are limited to $1,500 per fiscal year, which represents a $5,000 subscription for shares of the Fonds de solidarité FTQ. These shares can be held in an RRSP at the Fonds de solidarité FTQ and allow you to benefit from the tax credits, in addition to the RRSP deduction from your income. These shares can also be held in a non-RRSP account at the Fonds de solidarité FTQ. In this case, you can only claim the tax credits. Thus, by subscribing for shares of the Fonds de solidarité FTQ held in an RRSP at the Fonds de solidarité FTQ, you can, depending on your tax situation, benefit from more tax savings than the usual RRSP deduction. The Fonds de solidarité FTQ uses the term "RRSP+" to illustrate this enhanced tax benefit.
Please read the prospectus before subscribing for shares of the Fonds de solidarité FTQ. Copies of the prospectus may be obtained on the Website fondsftq.com, 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.
2
Example for the 2026 taxation year, based on a person with a $40,000 taxable annual income with a marginal tax rate of 25.7%, who receives tax savings immediately on each paycheque. The calculated amounts are estimates that can vary according to your tax situation.
