VRSP – Voluntary Retirement Savings Plan

VRSP – Voluntary Retirement Savings Plan

If you are self-employed or simply someone who wants to save for retirement, a VRSP could be a very wise choice because it gives you access to a simple and flexible private group retirement plan that adjusts to your needs. Similar to an RRSP, the VRSP stands out for its economies of scale: by pooling together the savings of many, it can offer lower management fees to its plan members.

In Quebec, it is mandatory for companies with 5 or more eligible employees who do not already offer a group retirement plan to offer a VRSP over the next few years. Employees have the choice whether to participate in the plan.



  • Your savings grow tax-free and your contributions are tax deductible. This provides you with an immediate tax break if you are a salaried worker or a tax refund if you are self-employed.
  • You can change your contribution amount at any time.
  • If you change jobs, you can continue to contribute to your existing VRSP or you can participate in the VRSP of your new employer.
  • You can withdraw the accumulated value of your contributions at any time, however, you will be taxed on your withdrawal amounts.

Because we’re all about keeping things simple. First, by offering a quick, user-friendly way to enrol online via IAVRSP.

And secondly, by offering a default investment option: SimplicIA, based on a "life cycle" approach where the level of risk decreases as you reach retirement. If you prefer to build your own customized portfolio, we also offer 5 other investment options.

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