As a business owner, you may be at the mercy of certain events that may have a negative financial impact on your business. In keeping with its mission to maintain and create jobs, the Fonds de solidarité FTQ lets you redeem a part of your savings to counter this situation, should it occur.
The shareholder must show that the business is duly constitutedAND
must show that they are the owner of the business (alone or with others) and participates in the decision-making processAND
must show that the business is a going concern and not a seasonal business, unless the business operates several seasonal activities throughout the yearAND
show that the business is in financial difficultyAND
show that the capital injection will maintain at least one full‑time permanent job.
The Fonds de solidarité FTQ formAND
a declaration of registration or certificate of incorporationAND
financial statements for two full fiscal years and the interim financial statements for the current periodAND
proof of retention of a full-time permanent job
- If the job maintained is the shareholder’s, provide one of the following:
- An income tax return and notice of assessment showing that the shareholder works full-time in their business
If the job maintained is not the shareholder’s, provide one of the following:
- monthly remittances to the Québec and federal governments
- pay slips of the employee showing full-time permanent job.
All shares held for at least two years.
Subsequent share acquisition:
Two years after purchase by the Fonds de solidarité FTQ.
Disbursement terms and conditions:
A single payment of a net value of $30,000 or a lesser amount if the analysis conducted by the Fonds de solidarité FTQ shows a financial need less than $30,000. This criterion can only be invoked once by the shareholder.