Get RRSP+ through payroll deduction | Fonds de solidarité FTQ

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 694,000 Quebecers already enjoy.

  • 30% extra income tax savings*
  • 7.8% annual return**

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.

Notes

* Fonds de solidarité FTQ shareholders receive income tax credits of 15% in Québec and 15% federally. Credits are limited to $1,500 per tax year, which corresponds to $5,000 in Fonds de solidarité FTQ shares.

** Annual compounded returns to the shareholder as at May 31, 2019 : 3 years = 8.1, 5 years= 7.7, 10 years=7.3

Each rate of return listed is the total historical annual compound rate of return. Each one reflects fluctuations in share value and reinvestment of all dividends, but is not adjusted for income tax owing by the holder, which would result in a lower return. Fonds de solidarité FTQ shares are not guaranteed, their value fluctuates, and past returns are not indicative of future returns.

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.

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.

Connect to the Employer Extranet

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

  • 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 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.

    Notes

    * Fonds de solidarité FTQ shareholders receive income tax credits of 15% in Québec and 15% federally. Credits are limited to $1,500 per tax year, which corresponds to a maximum investment of $5,000.

    Offer your employees payroll deduction today!

    > Enroll

  • 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 (2027 kb) 

  • 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.