What is payroll deduction?

Payroll deduction is a way for your employees to save automatically by having contributions to their RRSP+ at the Fonds deducted right from their pay.

They benefit directly from their RRSP deduction and receive additional tax savings¹ on each paycheque. That means their net salary is only marginally affected by their contributions to the RRSP+.

If you'd like to implement payroll deduction in your company, call 1-888-385-3723 to speak with one of our Employer Services agents (Monday to Friday, 8:30 a.m. to 4:30 p.m.) or complete our employeur enrollment form.

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.