If you have received notice from the government that the contribution you made to the Fonds does not entitle you to claim tax credits, you can submit a request to redeem the contribution or transfer it to another RRSP.
The shareholder must have purchased shares without being entitled to Québec and federal tax credits, unless the credits were refused because the amount contributed exceeded the maximum allowed under applicable tax legislation.
The Fonds de solidarité FTQ form
proof that the tax credits were claimed and refused by the Québec and federal governments
proof that the tax credits could not be claimed in Québec and at the federal level for one of the following reasons:
- no income tax was payable by the shareholder
- the shareholder is retired and his or her employment income for the relevant taxation year is below $3,500
- the shareholder is a non-resident.
All the shares purchased while the shareholder wasn’t eligible for tax credits.
Subsequent acquisition of shares:
Once the shareholder is eligible for tax credits.
Payment terms and conditions:
A single payment equal to the value of the eligible shares. The disbursement is made for the value of the shares at the time they were acquired.
Transfer to another plan is permitted.