VRSP for small businesses

Be well prepared for the new legislation!

IMPLEMENT A VRSP IN LESS THAN 5 MINUTES! 

THE VRSP LEGISLATION: WHAT IS IT ALL ABOUT?

VRSPs are voluntary retirement savings plans that enable workers to save for retirement in a structured framework. Created under Quebec government legislation, they are intended to democratize pension plan access for Quebec workers.

Under the law, any business not offering a pension plan to its employees will have to comply with VRSP legislation within a timeframe depending on the size of the company:

  • Group of 20 employees or more as of June 30, 2016: by December 31, 2016.
  • Group of 10 to 19 employees as of June 30, 2017: by December 31, 2017.
  • Group of 5 to 9 employees: to be determined.

HOW TO PREPARE FOR THIS LEGISLATION?

As an employer covered by this legislation, your responsibilities can be summed up in 4 steps:

  1. Select a provider for your VRSP;
  2. Advise your employees of the plan implementation;
  3. Enroll your employees in the plan;
  4. Withhold payroll deductions.

VRSPs, A WINNING SOLUTION FOR SMALL- AND MEDIUM-SIZED BUSINESSES

For small businesses, a voluntary retirement savings plan is highly attractive for two main reasons:

  1. The plan is simple and inexpensive.
  2. The plan is easy to implement and administer.

TAKE ADVANTAGE OF OUR PARTNERSHIP WITH iA FINANCIAL GROUP

AGA Benefit Solutions is proud to offer a VRSP in partnership with iA Financial Group. Through this partnership, we are able to offer you a solution tailored to your business needs, with:

  • High-performance investment choices
  • Simplified implementation
  • Simple administration
  • Competitive management fees

SET UP A VRSP: WHERE TO START?

First, download the guide VRSPs: 10 key components to remember.

Are you ready?

Click here to provide us with the information so that we can open your VRSP.

For more information please contact us: 1 800 363-6217 or RVER@AGA.CA

After sending the required information, here is a guide with the next steps for setting up your VRSP.