Abolishing the obligation to create a Voluntary Retirement Savings Plan (VRSP)

All Québec companies with five or more employees who do not offer a …

Resolution #83: Abolishing the obligation to create a Voluntary Retirement Savings Plan (VRSP) (Official French version)

All Québec companies with five or more employees who do not offer a pension plan must set up a VRSP. Just like the 1% payroll tax for employee training, this is yet another costly compliance obligation for Québec companies, and it does not bring any added value to workers, who can already save freely by themselves.