VRSPs are only available in Quebec. They were introduced to make it easier for employees of small businesses to save for retirement. The VRSP solution offered by Desjardins is 100% online, making it an easy and convenient choice for you and your employees.

VRSP deadlines

  • 20 or more employees: December 31, 2016
  • 10 to 19 employees: December 31, 2017
  • 5 to 9 employees: not yet announced, but not before 2018

Apply for a VRSP online and it’ll be up and running within 3 months.


For employersFor employees
  • No fees
  • Lots of plan set-up support
  • Educational materials for plan members
  • Low management fees
  • Contributions accumulate tax-free
  • The employer can also make contributions
  • Immediate tax savings, since contributions are deducted at source


  • No minimum rate
  • Locked in and not subject to payroll taxes
  • Vested immediately
  • Subject to annual RRSP contribution limit
  • Employees can keep contributing, even after they leave the company
  • Spousal contributions not permitted
  • Not locked in


  • Plan must be registered with Retraite Québec and with the Canada Revenue Agency
  • Regulatory fees paid via Desjardins Insurance
  • No annual meeting required
  • Employees responsible for their investment choices
  • Investment policy not required

Want to set up a Desjardins VRSP?

By phone

for self-employed workers or for general information

1-888-311-1616. This link will launch your default phone software.

This text is for information purposes only. Refer to the policy for all conditions, exclusions and restrictions.