Under what conditions can I withdraw the money held in my RRSP+ with the Fonds?
Because the Fonds is subject to a share redemption policy, it can redeem your shares only if your situation meets one of the redemption criteria set out in Schedules 1 and 2 of the Prospectus.1
Please note that making a withdrawal under some of the conditions below may affect your eligibility for tax credits.
In addition, in some cases, only the shares you have held for a specified period can be redeemed. Learn more about the minimum holding period.
Note: Redemption conditions also apply to Non-RRSP+ shares.
You can withdraw money from your RRSP+ in the following situations
Refer to the page related to your situation for details on the conditions that apply.
Age 65
You can apply to redeem your Fonds shares as soon as you turn 65. To apply:
- Sign in to your online account.
- Access to your RRSP+ page.
- In the drop-down menu, select Use my retirement savings.
You can also submit your redemption request by contacting Saving Services.
Retirement
Redemption conditions vary depending on your age:
- Retirement starting at age 45
- Retirement starting at age 50
- Retirement starting at age 55
- Phased retirement starting at age 50
Buying a first home
Under the Home Buyers' Plan (HBP), you can redeem all shares issued to and held in an RRSP or spousal RRSP for at least 90 days, up to the maximum amount permitted under the plan.
Returning to school
Under the Lifelong Learning Plan (LLP), you can use your Fonds shares to finance full-time training or education for yourself or your spouse.
Business financing
You can use your RRSP+ to:
- Maintain or create jobs in your new business
- Support your business if it is experiencing financial difficulties
Unexpected financial hardship
In the event of a sudden financial problem, RRSP+ savings can be withdrawn in the following situations:
- Job loss or end of a one-time contract
- End of a union
- Decrease in self-employment income
- Repayment of a claim related to the seizure of an essential good or service interruption
- Disaster affecting your principal residence
- Involuntary reduction in regular working hours
- Reduction or end of benefits
Health issues
RRSP+ can help you in the following cases:
- Payment of extraordinary and unforeseen medical expenses
- Severe and prolonged disability
- Temporary disability
- A serious and irreversible illness affecting you, your spouse, or your dependent child
- Acting as a caregiver for a member of your family
Death
Refer to the documents required for redemption requests in the following cases:
Administrative or other reasons
You can apply to redeem your shares:
The FlexiFonds offering is the logical extension of your Fonds experience
It's possible to stay invested in the Fonds family with the FlexiFonds offering. It offers Fonds savers a variety of savings vehicles and products tailored to various investor profiles and savings goals.
Do you have more questions?
Our agents will be pleased to answer any questions you may have at:
514-850-4992
1
Please read the prospectus before subscribing for shares of the Fonds de solidarité FTQ. 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 shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.
2
About FlexiFonds de solidarité FTQ
FlexiFonds de solidarité FTQ inc., a wholly owned subsidiary of the Fonds de solidarité FTQ, is a mutual fund dealer duly registered with the Autorité des marchés financiers. FlexiFonds de solidarité inc. acts as the principal distributor of the FlexiFonds funds and does not distribute the units of any other mutual fund.
