How do I request to redeem shares in my RRSP+ with the Fonds?
Tax credit reminder
If you meet the conditions set out in the prospectus, you are eligible for tax credits of 30%1 for labour-sponsored funds until the end of the tax year in which you turn 64 years of age. Note that by withdrawing your savings from the Fonds, in whole or in part, for retirement or disability purposes, you will no longer be eligible for these 30% tax credits on future contributions. This represents an additional tax savings of up to $1,500 per year until the end of the fiscal year in which you turn 64.1
FlexiFonds – the logical extension of your Fonds experience
You can now transfer your RRSP+ savings to an RRSP with FlexiFonds2 directly online as soon as you turn 55!
Offering 3 different mutual funds, FlexiFonds allows you to invest in a savings product tailored to your investor profile.
In addition, each of these funds is composed of 70% of assets related to the Québec economy, including 30% shares in the Fonds. Transferring your RRSP+ with the Fonds to an RRSP with FlexiFonds means continuing to participate in the Fonds' mission, which is to support Québec's economy.
Are you 65 or older and looking to redeem shares in your RRSP+ with the Fonds?
As soon as you reach 65 years of age, whether you are retired or not, you can redeem eligible shares held in your RRSP+ with the Fonds.
Your shares are considered eligible for redemption if you have held them for at least 730 days.
For more information on the share redemption process and to make a transfer to an RRSP with FlexiFonds, log in to your online account.
Are you 64 or under?
As soon as you reach 45 years of age, you can submit a request to redeem shares held in your RRSP+ with the Fonds if you are retired or if you plan on retiring within three months of your request.
Also, as soon as you reach 55 years of age, you can conduct an online transfer of your RRSP+ with the Fonds to the RRSP with FlexiFonds. For more information on this subject, log in to your online account.
Want to carry out another type of redemption or transfer?
We invite you to read the current redemption conditions to determine if share redemption by the Fonds is possible in your situation.
Please contact the Fonds' Saving Services if you have any questions about redemption requests or if you want to make one of the following requests:
- Transfer of your RRSP+ shares to an RRSP with the Fonds before you turn 55
- Redemption of your shares held in a spousal RRSP with the Fonds
- Redemption of your shares held in a non-RRSP account with the Fonds
- Redemption of your shares with the Fonds to a RRIF with FlexiFonds
- Redemption of shares in your RRSP+ with the Fonds due to a decrease in income (under certain circumstances)
* 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.
About FlexiFonds de solidarité FTQ
FlexiFonds de solidarité FTQ Inc. is a wholly-owned subsidiary of the Fonds de solidarité FTQ. FlexiFonds de solidarité FTQ Inc. acts as the principal distributor of the funds' units and is a mutual fund dealer registered with the Autorité des marchés financiers.
FlexiFonds de solidarité FTQ Inc.
The FlexiFonds are distributed solely in Québec by FlexiFonds de solidarité FTQ Inc. a mutual fund dealer wholly owned by the Fonds de solidarité FTQ. FlexiFonds de solidarité FTQ inc. does not distribute any other mutual funds. Please consult your advisor and read the prospectus and fund facts before making an investment. The FlexiFonds are not insured by the Canada Deposit Insurance Corporation or any other government deposit insurer or by the Autorité des marchés financiers. The mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.