• What are your options when you have reached your RRSP contribution limit but would still like to benefit from the tax credits generated by investing in the Fund?
• Are you looking for a long-term investment?
• Would you like to receive a bigger tax refund?
• Are you planning for retirement and want to hedge against nasty surprises?

Purchasing non-RRSP shares in the Solidarity Fund QFL still entitles you to income tax credits totalling 30% of the amount invested.

As well, when you purchase Fund shares, you actively participate in the development of the Québec economy by investing in local companies to help create and maintain quality jobs right here at home.
 

No administration fees

Fund shareholders are not charged any administration fees. New shareholders pay only a one-time $25 fee when opening an account.

Tax benefits
Exceptional tax savings

When you buy Solidarity Fund QFL shares, you benefit from tax advantages that allow you to reduce your income taxes payable.
 
Two tax credits of 15% each
Buying shares in a labour-sponsored fund such as the Solidarity Fund QFL entitles you to two tax credits totalling 30% of the amount invested: a 15% credit is applicable to your Québec income tax and another 15% to your federal taxes.
You can therefore reduce your taxes payable by an amount equal to 30% of the amount you spent to purchase Fund shares during the year or within 60 days following the end of each year.

Annual maximum amount
The annual maximum amount of tax savings you can obtain with the two tax credits is $1,500 in total, which is equivalent to a $5,000 purchase of Fund shares.
The Québec Income Tax Act allows you to carry over any unused portion of this maximum amount from one year to the next. This carryover is not allowed under the Canada Income Tax Act.
* For more information on carrying over the maximum amount, consult our simplified prospectus.
 
Cashing in non-registered shares
No taxes are withheld when you cash in your non-registered shares. However, a capital gain tax may apply. See the Redemption Conditions to find out the terms.
 
Capital gain
There is a capital gain if when you sell your non-registered shares (or the Fund redeems your non-registered shares), their value is higher than when you purchased them. As the following example shows, if you cashed in all your shares prior to 1992, you would have a capital gain of $1,008.

Capital gain

Value at acquisition (Share price on June 30, 1992) 200 shares x $15.22	$3,044
Value at disposal (Share price on March 15, 2003) 200 shares x $20.26	$4 ,052
Capital gain (The difference between the value at the time of sale and the value at the time of purchase)	$1,008

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