Special situations

The Fonds “Redemption Request - Severe ans prolonged disability”
AND
A copy of one of the following documents attesting the severe and prolonged disability:

Notice of Acceptance by the Québec Pension Board as the beneficiary of a disability pension
OR
“Redemption Request – Severe Long-Term Disability” form and a declaration from a physician attesting to the severe and prolonged disability, which results in permanent unfitness for work.

The shareholder must have received an offer to improve pension plan benefits if the offer is not already mentioned in the plan and is time-limited
OR
must have received an offer from the employer when enrolling in a new plan or changing jobs or employee status to improve the benefits of a pension plan. This offer must be time-limited
AND
must show that the proceeds of the purchase will be used to acquire pension credits for years of past service or to improve the pension payable by a pension plan
AND
must have liquidated or used all his redeemable investments (including RRSPs and LIRAs), the purchase of the Shares being the last resort.

This criterion can only be invoked once by the shareholder.
The cheque is issued to the pension fund and direct transfer to the pension plans is permitted. Total authorizations under this criterion cannot exceed 10% of the annual limit set for the Fond by the Québec Taxation Act.

¹The application must have been received within one year of the loss.

The Fonds' "Ineligibility for Tax Credits" form
AND
proof that the tax credits were claimed and refused by the Québec and Federal Governments
OR
proof that the shareholder is not eligible for tax credits.

The shareholder must show that the business is duly constituted
AND
must show that he or she is the owner of the business (alone or with others) and participates in the decision-making process
AND
must show that the injection of capital will create or maintain at least one full-time permanent job
AND
must show that the business is a going concern.

The Fonds’ “Redemption Request – Capital Injection into a Business Founded or Acquired less than a Year Ago” form
AND
a declaration of registration or certificate of incorporation
AND
proof of creation or maintenance of a full-time permanent job.

If the job created or maintained is the shareholder’s, provide one of the following:

• record or confirmation of the end of employment;
• recent proof of termination of employment insurance benefits;
• proof of end of a contract;
• proof of acceptance into a government program.

• monthly remittances to the Québec and federal governments;
• pay slips;

• recent invoices from suppliers and customers after the business was registered;
• GST and QST numbers;
• a commercial lease or operating permit (if applicable).
  

• a notarized deed of sale;
• a purchase contract.

• an income tax return and notice of assessment.

• monthly remittances to the Québec and federal Governments;
• pay slips.

The shareholder or his or her spouse must show the reason for the decrease in income (loss of employment or end of sole contract, involuntary reduction in regular work hours or dissolution of a union or decrease or end of shareholder’s benefits)
AND
must show that the net income has decreased by 20% or more for a minimum consecutive period of two months
AND
must have liquidated all redeemable investments (including any other RRSP), the purchase of the Shares being the last resort
AND
in the case of the loss of employment or the end of the sole contract, show that the shareholder or his or her spouse worked at the employment or sole contract for a minimum of 28 hours per week for a least two months.

Payments not exceeding $5,000 net each.
A minimum two-month interval is required between payments.
OR
A single payment representing the total account value as long as its value is lower than $10 000.
Shares purchased after the involuntary reduction in net income cannot be redeemed under this criterion.

The shareholder or his or her spouse must be in position of decreasing income caused by a temporary disability
AND
must show that the gross income has decrease by 30 % or more for a minimum consecutive period of two consecutive months.
AND
must have liquidated or used all redeemable investments (including any other RRSP), the purchase of the Shares being the last resort.

The Fonds’ “Redemption Request Reduction in Gross Income” form
AND
a medical certificate attesting to the disability for a minimum period of two consecutive months
AND
proof of the decrease in shareholder's gross income for the period of two consecutive months ans proof ao gross income for the month preceding the decrease
OR
Written confirmation from the shareholder's or the shareholder's spouse's employer or insurer attesting to the payment of disability benefits caused by 30 % gross incomedecrease fo a minimum consecutive period of two consecutive months
AND
if the decrease in gross incomeconcerns the shareholder'spouse, provide a proof of gross family income from the month preceding the decrease
AND
Proof that all other redeemable investments have been liquidated or cannot be redeemed.

A maximum of two payments of $5,000 net each in a minimum two month interval between each payment
OR
a single payment representing the total account value as long as its value is lower $10,000.
Shares purchased after the temporary disability cannot be redeemed under this criterion.

For the residence:
final notice from the hypothecary creditor or prior notice to exercise a hypothecary right or eviction notice from the landlord.

For public utility:
notice of service interruption.