Bakers Journal

News
System aims to help Quebec small biz workplace employee savings plans


July 22, 2014
By Bakers Journal

July 22, 2014, Richmond, B.C. – Sage North America has announced a partnership with Manulife that aims to help Quebec
small businesses comply with the new
Voluntary Retirement Savings Plan Act that came into effect on
July 1.

July 22, 2014, Richmond, B.C. – Sage North America has announced a partnership with Manulife that aims to help Quebec
small businesses comply with the new
Voluntary Retirement Savings Plan Act that came into effect on
July 1.

All businesses with five or more employees will be required to
offer a workplace savings plan.

Sage has partnered with Manulife to
provide an integrated payroll solution that offers a streamlined payroll workflow through Sage 50 Accounting-Canadian Edition while simplifying the ongoing administration of Manulife's new Voluntary Retirement Savings Plan Act (VRSP).

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"Quebec has complicated tax laws, and government regulations compliance can be difficult for small businesses," said Nancy Harris,
Sage North America senior vice-president and general manager, Canada, in a news release.
"Partnering with Manulife to offer an integrated payroll solution not
only allows Sage to help small businesses comply with mandatory
government regulations, but also free up time for them to focus on
growth and pursue further business success."

The system is intended to save time and reduce redundant
data entry through such features as prefilled VRSP contribution file for each payroll cycle and prepopulated employee information files created by Sage 50
Accounting-Canadian Edition to ensure accurate information is sent to
Manulife to administer employees' records.

"With our unique product features and partnership with Sage,
we make implementing and maintaining the plan easy and almost effortless
for employers and employees," said Sue Reibel, senior vice-president of
Manulife Group Benefits and Retirement Solutions, in the release.