FRANÇAIS
UNDERSTANDING BILL 80
PLEASE CALL
FOR COMPANIES WITH
MORE THAN 5 EMPLOYEES
NEW "VRSP" LAW
VOLUNTARY RETIREMENT SAVINGS PLAN
JULY 1, 2014
Are you ready to comply?
Or pay a fine?
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THE VRSP EXPERTS
MORE THAN 5 EMPLOYEES
NEW "VRSP" LAW
VOLUNTARY RETIREMENT SAVINGS PLAN
JULY 1, 2014
Are you ready to comply?
Or pay a fine?
THE VRSP EXPERTS
DO IT ALL FOR YOU
Free
The VRSP is the Quebec version of the federal government’s
POOLED REGISTERED PENSION PLAN (PRPP).
EMPLOYER COMPLIANCE GUIDE
PURPOSE OF THE LAW
The Quebec government
has taken on a leadership role in passing a law which will ensure that
Quebecers can count on an additional
income stream in order to make ends meet during unproductive retirement
years.
LONGEVITY ISSUE
People are living
longer therefore they will not be gainfully employed for a long time – much
longer than they expected nor planned for.
DESCRIPTION
The VRSP (Voluntary
Retirement Savings Plan) is a simplified
low-cost retirement savings plan aimed at encouraging Quebecers to save
more for their senior years by facing longevity issues head-on.
YOUR LEGAL OBLIGATION
Companies meeting
certain criteria are obligated by law to comply by executing sections of the
law within prescribed timeframes.
ARE YOU
PREPARED TO
MEET YOUR LEGAL OBLIGATIONS?
MEET YOUR LEGAL OBLIGATIONS?
SOME QUESTIONS FOR YOUR CONSIDERATION
UNDERSTANDING BILL 80
Do you know exactly
what is a VRSP?
Do you clearly
understand your obligations and rights according to the law?
APPLYING THE LAW
PROVIDING YOUR EMPLOYEES WITH
A VRSP
Have you planned to provide
your employees with a VRSP in accordance to the law?
EMPLOYEE INFORMATION AND
EDUCATION
Have you informed and
educated your employees as to their VRSP rights according to the law?
EMPLOYEE QUALIFICATIONS
REQUIRED
Who qualifies for
the VRSP program?
EMPLOYER CONTRIBUTION
OPTIONS
Do you know what your
employer contribution options are?
EMPLOYEE CONTRIBUTION
LIMITS
Do you know what
annual limits are allowed for employees and how they are calculated?
EMPLOYEE QUALIFICATION
Do you know the
categories of employees who qualify for a VRSP and those who do not?
SET-UP & IMPLEMENTATION
Do you know how to
set up and implement a VRSP?
ADMINISTRATION
How is a VRSP
administered and maintained?
EXEMPTIONS
Which employees are
exempted from VRSP?
EMPLOYEE TAX TREATMENT
Which employee
contributions are tax deductible?
Which employee
contributions are not tax deductible?
What are employee tax
advantages and benefits?
EMPLOYER TAX TREATMENT
Are there any tax
advantages for your company?
How do you treat
employer contributions tax-wise?
EMPLOYEE RETENTION
Are you aware of ways
to use the VRSP in order to retain employees?
INVESTMENT OPTIONS
Have you studied the
various investment options which are available to your employees within the
framework of the VRSP?
Which are most
appropriate, for whom?
WITHDRAWAL &
TERMINATION OPTIONS
What are the rules
pertaining to withdrawing funds from a VRSP?
What are the rules
regarding termination of a plan?
What are your
responsibilities?
What are the
employee’s?
What are the
withdrawal tax consequences?
PORTABILITY OPTIONS
Can an employee
continue participating in his VRSP if he leaves your company?
SPOUSAL RULES
Do spouses qualify
for a VRSP: i.e. is a spousal plan available?
Can an employee
transfer a VRSP to a spouse?
When can a transfer
take place?
EMPLOYEES OUTSIDE OF QUEBEC
Do employees of your
company living and working outside of Quebec qualify for a VRSP?
REGULATION OF VRSP
Do you know which
government agencies regulate the VRSP program?
How does that affect
your company’s reporting and compliance?
MONEY-SAVING & TIME
SAVING PROCEDURES
Are you aware of
various shortcuts you can take in order to expedite the setting up,
administration and implementation of the VRSP program?
Do you know how to
quickly enrol your employees into the VRSP program?
HOW WE CAN
HELP YOU
COMPLY & IMPLEMENT
YOUR
COMPANY’S VRSP PROGRAM
We provide you and
your employees with pension plan education.
SEMINARS
In-company Pension
Plan Seminars.
PRIVATE CONSULTATIONS
Private consultations
for employers, employees, executives.
IMPLEMENTATION
Execution of the
program in compliance with legal requirements.
CHOICE
A selection of the
most economical, cost-efficient and appropriate plans
for your company and employees.
Consult
THE VRSP EXPERTS
FreePLEASE CALL
ROBIN BEHAR,
MBA
VRSP Specialist
- NO FEES OR OBLIGATION -
PHONE
PHONE
514-739-8157
PERSONAL EMAIL