A solution to the VRSP for employers

Offering your employees to contribute to an RRSP with the the Fonds de solidarité FTQ with contributions through payroll deduction will exempt you from having to set up a VRSP. Why not consider this alternative – simple and advantageous both for you and your employees:

Advantages for employers:

  • free and easy to manage,
  • personalized support,
  • a simple solution adapted to your payroll process,
  • enrollment required only for employees interested in contributing to an RRSP with the Fonds,
  • online administration tools, and
  • employer contributions (optional) are exempt from payroll taxes and deductible from the company's taxable income.
  • Advantages for employees:

  • save 30%* more in taxes than with a VRSP,
  • decide how much they want to contribute through payroll deduction,
  • get the tax refund back on each pay, and
  • freely change the amount of the contribution or stop payroll deduction at any time.
  • * The tax credits granted to the shareholders of the Fonds are 15% at the federal level and 15% at the provincial level.

    Find out more about the RRSP with the Fonds >

    3-step process to be compliant to the law

    • Let your employees know you offer the Fonds' payroll deduction RRSP+ as an alternative to the VRSP.
    • Register the employees who want to contribute to a Fonds RSSP.
    • Keep a copy of employees' confirmations in your files.

    We would be happy to send a representative to explain the advantages of an RRSP with the Fonds to your employees. To set up a visit, please contact us.

    Do you want to offer the payroll deduction option?

    Your company has between 10 and 19 employees?
    You only have

    1

    4

    days

    left to comply with the VRSP Act


    Contact us

    • 1 888 385-3723

      Mon. to Fri. 8:30 am to 4:30 pm

    • Fax: 514 850-5438

    • Write to us