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Who covers the contribution and how is it calculated?

Based on the plan, all contributions towards the group RRSP of an employee, are made directly by the employer.

The RRSP contribution is calculated according to the number of hours paid to the employee. The current contribution rate since October 30th, 2017 is $0.45 per paid hour.

Paid hours include all regular worked hours, all overtime worked hours, all holidays (worked or not), all sick leave days (including the yearly excess sick leave hours, if applicable), all mobile holidays (for unionized employees) as well as all paid hours, in result of an adjustment or a special holiday.

A vacation pay, is the only payment on which contributions may not be applicable - even in cases where the vacation pay is divided into hours, for accounting purposes.