Building on a solid foundation
The Québec economy, like the world economy, has been shaken in 2020 by the COVID‑19 pandemic. The last few months have required us and our partner companies to show resilience, solidarity, and creativity to face the crisis. Together, we have been able to roll up our sleeves and step up our efforts to ensure that we are well positioned for the future.
Here is the share value and performance as of May 31, 2020.
Saving at the Fonds de solidarité FTQ means creating wealth for all Québecers
Each year, we know that many of you will need to withdraw money from your RRSP+ at the Fonds, whether for retirement or to buy a house. That's perfectly normal. Despite a higher number of withdrawals this year, given the unprecedented situation, we are confident about the future.
The Fonds's mission is to support and foster the local economy, and it's thanks to our investors that we are able to do so. By working together, we can ensure that our society continues to thrive.
We have confidence in our wealth-sharing model. When times are tough, collective commitment is more important than ever. Together, we can continue the work we've been doing since our inception and ensure the financial health of our businesses, our investors, and Québec society at large.
Your savings are essential to keeping the Québec economy healthy
When you save for your retirement and personal projects at the Fonds de solidarité FTQ, your money is invested primarily in Québec companies. These investments are essential to the local economy.
In addition, the Fonds's RRSP+ gives you access to 30 percent more tax savings1 than a regular RRSP. Generating tax savings and contributing to Québec's economic prosperity makes it easier to create personal and collective wealth.
Showing solidarity and working together for Québec
More than 700,000 Québecers2 have entrusted us with their savings and contribute to the Fonds.
We invest this money in local businesses through financing.
This helps create, maintain, and safeguard thousands of jobs across the province.
1 The Fonds de solidarité FTQ's shareholders will receive 15% in tax credits from the Québec government and 15% from the federal government. They are capped at $1,500 per fiscal year, which represents a $5,000 purchase of shares of the Fonds de solidarité FTQ.
Please read the prospectus before buying Fonds de solidarité FTQ shares. Copies of the prospectus may be obtained on the Website fondsftq.com, from a local representative or at the offices of the Fonds de solidarité FTQ. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all dividends and do not take into account income taxes payable by any security holder that would have reduced returns. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.Prospectus En ( 878 Kb )
2 As at May 31, 2020.