January 2021 Edition

Use this poster to let your plan members know about the deadline, and the advantages of contributing to the RRSP or VRSP in the first 60 days of the year.

8.5 x 11 poster (PDF, 799 KB) Opens in a new window.

Plan members have until March 1, 2021, to contribute to their RRSP or VRSP and claim a deduction for contributions (made between January 1 and March 1, 2021, inclusively) from their:

• 2020 taxable income or
• 2021 taxable income

Desjardins Insurance must receive payments and contribution files by March 1, 2021, for contributions to be included on RRSP and VRSP receipts for the first 60 days of the year.

How can plan members make lump-sum contributions?

There are 2 methods:

1. Online (highly recommended), by logging in to their account via dfs.ca/GroupPlanMember (a quick and efficient solution). Plan members must submit their contributions by 11:59 pm (ET) on March 1, 2021, under My transactions > Managing my account > Contribute.
2. By cheque made out to Desjardins Financial Security (the envelope must be postmarked no later than March 1, 2021) with the full name, group number, and plan member or employee number on the back of the cheque.

For our part…

To further support your plan members, we recently sent them an email with a short educational video External link. Opens in a new window. about why it's good to contribute in the first 60 days of the year.

This is the complete tax receipt/slip production and mailing schedule. You can find the same information in the Message centre at dfs.ca/plansponsor and on the plan member website at dfs.ca/GroupPlanMember.

Tax receipts (RRSP and VRSP)

Tax slips

The issue and mailing dates shown may vary by a day or two.

Our 4 draws were held on November 4 and December 3, 2020 (2 on each day).

Congratulations to our 4 winners who each receive $1,000:

Nancy Macrae, Charlottetown, Prince Edward Island

Stephen Hartnup, Burlington, Ontario

Jerrod J. Dunfield, Jeffries Corner, New Brunswick

Jean-Philippe Brisson, Victoriaville, Quebec

For more information about the contest, read the full contest rules (PDF, 263 KB) Opens in a new window..

In 2020, we stopped mailing invoices for retirement plan management¹ for ecological reasons, but also due to physical distancing constraints.

These invoices are now available via the Plan sponsor services website, in the Report centre section, under Personalized extract. Just select the Financial category and click the View button to download them.

If the fees are not deducted from your plan(s), you’ll be informed by email when a document becomes available in the section mentioned above.

Please make sure to pay the balance of all invoices available to you via the Plan sponsor services website.

If you’re a pension plan administrator of a Defined Contribution (DC) pension plan, you’re required to produce and transmit an Annual Information Return (AIR) to your governmental regulatory authority no later than six months after the end of your fiscal year.

If Desjardins Insurance hasn’t been given the mandate to produce your 2020 AIR, but you would like us to do so, email us at grs_plansponsor@dfs.ca. If your fiscal year-end is December 31, you must make your request before April 1.

Desjardins Insurance will process the request within the prescribed time frame, and send you instructions on the next steps you’ll need to take to complete the process with the Office of the Superintendent of Financial Institutions (OSFI) or your provincial regulatory authority, as applicable.

Depending on your contract with Desjardins Insurance, a fee may be charged for this service.

For more information, contact your plan administrator or call the Plan Sponsor Service at 1-888-510-4762.

Please send your courier shipments (courier services such as ICS and Purolator) to the following address:

Group Retirement Savings
South Tower, 38th Floor
1 complexe Desjardins
Montreal QC H5B 1C4

Our postal address remains the same:

Desjardins Insurance
Group Retirement Savings
PO BOX 1355 Station Desjardins
Montreal QC H5B 1C4

Please note that we now have only one fax number: 1-877-350-8555

On January 29, 2021, Desjardins Insurance will launch the Baillie Gifford Emerging Markets Fund on its Group Retirement Savings platform. This fund will enhance our foreign equity offering.

Baillie Gifford Emerging Markets Fund

This actively managed Fund aims to produce long-term capital growth by investing primarily in emerging markets equities. The fund's fundamental strategy is based on companies’ growth sustainability, increasing earnings and cash-flow over the long-term. The Fund’s portfolio holds on average between 60 and 100 securities. It aims to offer a targeted annualized return that outperforms the MSCI Emerging Markets Net Index by at least 3% (in Canadian dollars).

For more information about this new fund, do not hesitate to communicate with your client relationship manager.