Get RRSP+ through payroll deduction

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RRSP+: Give more to your employees

A retirement savings plan offering an additional 30% in tax savings 1, it's a good decision.


Stand out from other employers by offering the RRSP+
by payroll deduction

Offering payroll deduction

Payroll deduction is a way for your employees to save automatically by having contributions to their RRSP+ deducted right from their pay. They enjoy immediate income tax savings and can therefore put money aside more easily.

Saving for retirement and more

By helping your employees invest more in their RRSP+, you're not only preparing them for retirement, but also financing their life projects, like buying a house or going back to school.

Choosing an alternative to the VRSP

The RRSP+ is an easy-to-implement solution that allows you to meet the requirements of the VRSP Act while offering more to your employees. It's win-win!

Find out how it works
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Find out more about the RRSP+ by payroll deduction

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How do you set up payroll deduction?

The process is simple, fast, and free!

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A win-win solution

For employers

For your employees

  • The RRSP+ by payroll deduction is quick and easy to set up.
  • It's free.
  • It's adapted to your payroll process.
  • It's easy to manage thanks to a secure extranet.
  • It comes with a personalized support service.
  • It allows you to make voluntary contributions to your employees' RRSP+.2
  • They receive tax savings immediately on each paycheque, which makes saving easier.
    • They benefit from the RRSP deduction.
    • They get an additional 30% in tax savings.1
  • They are free to set their own contribution amounts.
  • They can amend or stop payroll deduction at any time.

Choosing a solidarity fund

Create, maintain, and safeguard local jobs

The Fonds invests the majority of its assets in local businesses and projects. Since its creation, the Fonds has invested $10.4 billion4 throughout Québec, helping to create, maintain, or safeguarded tens of thousands of jobs in the province.

Already over 10,0005 businesses and counting offer RRSP+ benefits to their employees.

Tips and tools

Learn more about the RRSP+ and find tips and advice to help you recruit and retain employees and adapt to the realities of Québec SMEs.


Should you contribute to your employees' RRSPs?

Read the article


6 reasons to offer your employees the RRSP+ via payroll deduction

Read the article


Employee RRSP contribution or cash bonus?

Read the article

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Find the answers to your questions

Here, you'll find answers to frequently asked questions.

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You can reach us at 1-888-385-3723, Monday to Friday, between 8:30 a.m. and 4:30 p.m.

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Log in to the employers' extranet

You can manage all aspects of your company's payroll deduction plan online. A wide range of documents for you and your employees is also available on the employers' extranet.

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Legal notes
1 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 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 (641 Kb)
2 The employers' RRSP voluntary contribution is not accounted for in the payroll or social security charges. It therefore has no impact on employer's deductions and contributions.
3 Example based on the 2020 taxation year for an individual with an annual taxable income of $31,500, at a marginal rate of 37.12%, who gets paid 26 times a year and receives tax savings immediately on each paycheque. The calculated amounts are estimates that can vary according to your tax situation.
4 Fair value of development capital investments as at May 31, 2020.
5 As at May 31, 2020.