An overview of the Voluntary Retirement Savings Plans (in Quebec)

The Pooled Registered Pension Plans (PRPP) Act was approved by the Federal Government in 2012. It laid the groundwork for similar plans to be established provincially which will give millions of Canadians employed by small- and mid-size businesses and self-employed and individual savers access to a low-cost retirement savings option. Quebec’s Voluntary Retirement Savings Plan (VRSP) is the first provincial plan to launch in Canada.

The Sun Life Financial VRSP is designed to help Quebecers prepare for retirement through workplace savings by providing retirement benefits that will supplement any other retirement income they may receive. Contributions to the plan and investment earnings on those contributions accumulate and remain tax-sheltered until benefits are paid out in retirement.

The benefit paid at retirement depends on the amount of contributions accumulated, investment earnings, the type of retirement benefit chosen, retirement age and the interest rates in effect at that time.

The VRSP specifically allows for associations and affinity groups to apply for a VRSP for their members to participate in.

Learn more

Learn more about how VRSPs can work for your members, by reading the frequently asked questions (FAQs) or by visiting the Régie des rentes du Quebec website. Contracts are also available for more detailed information.

Want to apply?

If you would like to participate in a Sun Life Financial VRSP, please contact our Sponsor Business Centre at 1-800-387-7262 any business day between 8 a.m. and 6 p.m.ET, or via email at

Call us at 1-800-387-7262
  • Our Sponsor Business Centre offers advisors and employers with personalized inbound and outbound support.

    Call us at any business day between 8 a.m. and 6 p.m. ET, or send us an email at