Since 2014, many small and medium-sized enterprises (SME) in Quebec are required to offer a workplace retirement savings plan to their employees. Are you affected by this law?
A VRSP is only one of the many options available to small business owners in Quebec. There are other plans that might be better suited to your company than a VRSP.
The options below will help you maximize the advantages of having employees who are in better physical and financial health.
Type of plan | Voluntary Retirement Savings Plan (VRSP) | Registered Retirement Savings Plan (RRSP) | Tax-Free Savings Account (TFSA) | Deferred Profit Sharing Plan (DPSP) |
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Advantages |
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Some things to consider |
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Eligible employees |
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Employer contributions |
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Employee contributions |
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Compliance with VRSP Act |
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To know more | Fact sheet | Support tools for small business owners |