Solidarity Fund QFL - REDEMPTION CONDITIONS

REDEMPTION CONDITIONS

Injection of Capital to create or maintain jobs in a business founded or acquired less than a year ago

In order for the Fund to redeem your shares under the "Injection of capital to create or maintain jobs in a business founded or acquired less than a year ago" criterion, you must fulfill the following requirements and provide the required proof.

Requirements

You must show that:

your business is incorporated;

AND

you are the owner of the business (alone or with others) and participate in the decision-making;

AND

the injection of capital will create or maintain at least one full-time permanent job;

AND

the business is an ongoing concern.

Proof required

the Fund’s "Injection of Capital Into a Business in Operation for Less Than One Year" form duly completed and signed;

AND

the declaration of registration or certificate of incorporation;

AND

proof of creation or maintenance of a full-time permanent job;

AND

proof that the business is an ongoing concern.

If the job created or maintained is your own, provide one of the following proofs:

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

If the job created or maintained is not your own, provide one of the following proofs:

monthly remittances to the Federal and Qu�bec governments;
pay slips;
an employment contract.

For a new business in operation for less than a year:

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

For a business already in operation acquired less than a year ago:

a notarized deed of sale and the purchase contract.

Eligible shares

All shares held for at least two years.

Payment terms and conditions

Eligible shares will be redeemed in a single payment, issued either by cheque or by direct deposit.

If less than 20 shares remain in your account, they will be automatically redeemed.

This criterion can be invoked only once.

Subsequent acquisition of shares

You may purchase additional Fund shares two years after the last payment is issued under this criterion.

	Call us now!
	Visit us at one of the following addresses.
	Call us at 1 800 567-FONDS (3663)
	Leave us your name and telephone number. One of our advisors will call you.

Home

Site map

Fran�ais