I contributed to the RRSP+ with the Fonds, but I was denied tax credits when I filed my tax return. Can I request a transfer to another RRSP?

Yes. You can redeem or transfer the amount you contributed for which tax credits were denied.

If you have received notice from the government that the contribution you made to the Fonds does not entitle you to claim tax credits, you can submit a request to redeem the contribution or transfer it to another RRSP.

Requirements:

The shareholder must have purchased shares without being entitled to Québec and federal tax credits, unless the credits were refused because the amount contributed exceeded the maximum allowed under applicable tax legislation.

Documents required:

The Fonds de solidarité FTQ form

AND

proof that the tax credits were claimed and refused by the Québec and federal governments

OR

proof that the tax credits could not be claimed in Québec and at the federal level for one of the following reasons:

  • no income tax was payable by the shareholder
  • the shareholder is retired and his or her employment income for the relevant taxation year is below $3,500
  • the shareholder is a non-resident.

ELIGIBLE SHARES:

All the shares purchased while the shareholder wasn’t eligible for tax credits.

Eligible shares:

Once the shareholder is eligible for tax credits.

DISBURSEMENT TERMS AND CONDITIONS:

A single payment equal to the value of the eligible shares. The disbursement is made for the value of the shares at the time they were acquired.

Transfer to another plan is permitted.

Do you have a more questions?

Our agents will be pleased to answer any questions you may have at:

1 800 567-3663
Legal Notes

Please read the prospectus before buying Fonds de solidarité FTQ shares. Copies of the prospectus may be obtained on the fondsftq.com website, from a local representative or at the offices of the Fonds de solidarité FTQ. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.
Prospectus En ( 883 Kb )