If I have stopped work due to temporary disability, can I redeem my RRSP+?

If your income decreases because you have stopped work due to temporary disability, you may be eligible to redeem your shares.

Temporary disability can lead to many problems, not only in terms of your health, but also in terms of your personal finances. If your income has decreased significantly because you are in such a situation, contact one of our Shareholder Services agents who can explain how you can use your RRSP+.

Requirements:

The shareholder or their spouse must be in a position of decreasing income caused by a temporary disability

AND

must show that the gross income has decreased by 30% or more for a minimum period of two consecutive months

AND

must have liquidated all redeemable investments (including any other RRSP), the purchase of the shares being the last resort.

AND

For subsequent requests, the shareholder must show that they, or their spouse, is still temporarily disabled and that gross income has decreased by 30% or more for a new minimum period of two consecutive months.

Documents required:

The Fonds de solidarité FTQ form

AND

a recent medical certificate attesting to the disability for a minimum period of two consecutive months

AND

proof of all gross income for a full month prior to the decrease in income

AND

recent proof of all gross income for the period of decrease in income for two full consecutive months

OR

recent proof of absence of income for two full consecutive months, as applicable

OR

recent written confirmation from the shareholder’s or the shareholder’s spouse’s employer or insurer attesting to the payment of disability benefits causing a decrease of 30% in gross income for a minimum period of two consecutive months

AND

proof that all other redeemable investments have been liquidated or cannot be redeemed

AND

if the decrease in net income involves the shareholder’s spouse proof of all gross family income for a full month prior to the decrease in income

AND

recent proof of all gross family income for the period of decrease in income for two full consecutive months

OR

recent proof of absence of family income for two full consecutive months, as applicable

AND

proof that all redeemable family investments have been liquidated or cannot be redeemed.

Eligible shares:

All shares held. Shares purchased after the temporary disability cannot be redeemed under this criterion.

Subsequent share acquisition:

One year after purchase by the Fonds de solidarité FTQ.

Disbursement terms and conditions:

Maximum payments not exceeding a net value of $5,000 each, at a minimum two‑month interval between each payment

OR

upon the initial request under the disability invoked, a single payment equal to the total value of the account, provided such value is under $10,000 gross.

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 )