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Huit questions — moins de 2 minutes

Ten covered employees, and the obligation s'applique. Many employers are unaware of it.

In Quebec, an employer that had at least 10 covered employees on 30 June — and at least 5 on 31 December of the previous year — must have set up a VRSP by 31 December at the latest, unless it already offers an RRSP, a TFSA with payroll deduction, or a registered pension plan. It is the CNESST that oversees compliance with this obligation. Eight questions to situate your business.

Take the test → See the common assumptions

Source : Retraite Québec — Employers and the VRSP. A covered employee is 18 or older and has at least one year of uninterrupted service within the meaning of the Act respecting labour standards.

Common assumptions

« We are too small for a group plan » is the most frequent error

The law does not ask about your revenue. It counts your covered employees. And on the group insurance side, insurers' eligibility thresholds have fallen a great deal over the past ten years.

Ce qu'on croit

« The VRSP is for large companies. »

The threshold is 10 covered employees on 30 June, with at least 5 on the preceding 31 December. An SMB of 12 people is concerned; a company of 300 that already offers a registered pension plan is not. It is not a question of size, it is a question of what you already offer.

What is true

The plan you have is not necessarily the one you need

A group plan renews each year based on the group's experience. Without periodic marketing to insurers, the gap with what is available elsewhere widens without anyone noticing. Shopping does not mean changing — it means knowing.

Self-assessment

Eight questions. A clear picture.

The first five situate your business on two fronts: your legal obligation on retirement savings, and the state of your group insurance plan. The last three help prepare a picture that reflects you. This test does not replace an analysis of your file.

1. How many employees aged 18 and over have at least one year of uninterrupted service with you?

2. Do you offer all your employees a retirement savings plan with payroll deduction — VRSP, group RRSP, group TFSA or registered pension plan?

3. Does your business offer a group insurance plan — health, dental, disability?

4. When was the last time your plan was marketed to several insurers?

5. Have you lost an employee to a company offering better benefits?

6. How are premiums shared between the business and the employees?

This question and the next two do not change your result. They help prepare a picture that matches your reality.

7. When is your next renewal?

8. Is an advisor or a broker currently looking after your file?

Next step

Let us talk about your result

Leave your contact information: I will come back to you with a picture of your situation — VRSP obligation, the state of your group plan, and what is being done elsewhere in your sector. With no obligation.

Your information is used only to follow up on your request. See the privacy policy.

Request received. Jean Carrière will contact you shortly to discuss the picture of your business.

Autorité des marchés financiers Chambre de l'assurance Jean Carrière — registered with the AMF (certificate 259457) and member of the Chambre de l'assurance

Jean Carrière is an independent representative registered with the Autorité des marchés financiers (AMF) under certificate number 259457. He holds three titles: financial security advisor, group insurance and annuity advisor, and scholarship plan representative — it is this second title that governs the services described on this page — verify in the AMF register — and a member of the Chambre de l'assurance (created by the merger of the Chambre de la sécurité financière and the Chambre de l'assurance de dommages, in effect since 4 July 2025). Groupe Cloutier acts as managing general agent.

This test is a self-assessment tool with an educational purpose. It does not constitute legal advice, a compliance audit, or a product recommendation. Only an analysis of your file can confirm whether your business is covered by the Voluntary Retirement Savings Plans Act. The thresholds cited (10 covered employees on 30 June, 5 on the preceding 31 December) come from Retraite Québec, consulted on 26 July 2026. It is the CNESST that oversees compliance with this obligation.