Get RRSP+ through payroll deduction

What is the Fonds de solidarité FTQ RRSP+ payroll deduction solution?

RRSP+ is the easy way for your employees to save through payroll deduction while getting an added plus—one that over 700,000 Quebecers *** already enjoy.


RRSP+ has other benefits, too:

  • Save for retirement and more

    People generally put money in an RRSP to save for retirement, but an RRSP can be used for more—to buy a first home, for instance.

  • Support local businesses

    The Fonds invests in hundreds of Québec businesses and in the process creates or saves thousands of jobs. When you invest in an RRSP+, you give a big boost to the Québec economy!

  • Build a more responsible economy

    The Fonds backs businesses and projects that promote sustainable development and have a positive impact on our communities. It also helps redevelop schoolyards and contributes to green laneway projects. With RRSP+, your employees help build a better world.

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.

** Compound annual return to shareholders as at May 31, 2020: 1 year = 0.8%, 3 years = 5.3%, 5 years = 5.9%, 10 years = 6.4%

*** As at November 30, 2019.

Please read the prospectus before buying shares of the Fonds de solidarité FTQ. 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 indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all dividends and do not take into account income taxes payable by any security holder that would have reduced returns. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.

Prospectus_EN (863 ko)

What is 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 get to choose which amount they want to contribute each payday.

For employers, the Fonds payroll deduction solution is totally free. What’s more, Fonds agents are available to assist you with opening your account and setting up payroll deductions.


Beneficial for you, profitable for your employees

For you, the employer

  • Payroll deductions are quick to set up
  • The solution works with your payroll system and costs you nothing
  • It’s easy to administer online with the Employer Extranet
  • You get personalized assistance and special corporate client support
  • Once the system is set up, all you have to do is enroll the employees who wish to contribute to a Fonds RRSP+

An added way to attract and retain staff!

Employees appreciate Fonds de solidarité FTQ payroll deductions and reward you with their loyalty, especially if you offer the optional employer contribution.

The employer contribution does not count toward total payroll.

For your employees

  • They get immediate income tax savings on each pay, including the bonus 30% tax credit with Rose any contribution amount they wish
  • They can change or put a stop to deductions at any time
  • They can change or put a stop to deductions at any time
  • They get immediate 30% tax savings on the employer’s optional contribution

By offering the Fonds de solidarité FTQ RRSP+ through payroll deduction, you’re helping your employees prepare for the retirement they deserve. It’s a tool that adjusts to their pace and their ability to save.

Legal note

* 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.

Offer your employees payroll deduction today!


Find out more about the RRSP+ via payroll deductions

Learn more about the RRSP+ via payroll deductions as an alternative to a VRSP, tools that make setting it up easy as well as concrete examples of tax credits your employees can benefit from, with or without employer contributions.

Download the brochure (2027kb)

How do I set up a payroll deduction system?

Our team is available to help throughout the process

1. Enroll online

Complete the enrollment form and an agent from our Corporate Client Support department will contact you within one working day.
You can also enroll by phone, Monday to Friday 8:30 a.m. to 4:30 p.m. at 1-888-385-3723, and skip right to Step 3!

2. Be called

We’ll call with complete explanations about how to open your account, set up payroll deduction, and gain access to the Employer Extranet.

If you prepare payroll inhouse, our agent will help you set up the payroll deduction system.

3. Be visited

If you’re not familiar with RRSP+, we can have one of our experts come by to make a presentation on RRSP+ and employee payroll deduction, and answer any questions you have.

If you’re interested in this free service, a coordinator will contact you within two working days to make an appointment.

Ongoing support after you’re enrolled

By enrolling in Fonds payroll deduction, you automatically have access to resources to help you with system management, answer questions that arise, and inform and assist your employees.

A network of agents at your disposal

Our agents are available not only to help set up payroll deduction, but also assist with monthly contribution management and answer your questions. Need a hand? Contact us at 1-888-385-3723 or drop us a line.

Employer Extranet

Our secure extranet, available 24/7, makes managing your account a snap:

  • Remit and manage monthly contributions , available 24/7, makes managing your account a snap:
  • Receive employee update requests
  • Use our payroll deduction calculator
  • Get technical support if you have questions
  • Order print materials for your employees
  • View our training guides and videos

Print materials for your employees

Employers who offer payroll deduction can request explanatory print materials for their staff. They can also direct employees to online resources about RRSP+ and payroll deduction. Our payroll deduction calculator is a handy way for employees to visualize their future savings.

Did you know?

When employers contribute to Fonds de solidarité FTQ shares on behalf of their employees, the employer’s contribution is no longer counted as insurable earnings. The rule changed on January 1, 2013.

We’re here to help

online or by phone

Get answers to your questions

See the answers to the most frequent questions we get about payroll deduction, legal obligations under the Act respecting VRSPs, and the Employer Extranet.

> FAQ 

Talk to one of our agents

Call us at 1-888-385-3723 Monday to Friday, 8:30 a.m. to 4:30 p.m.
You can also write.

> Contact us 

Connect to the Employer Extranet

You can manage all of your business’s payroll deductions directly online with our Employer Extranet

> Log in