This option applies only in the case where medical expenses are related to an extraordinary and unforeseen expense that is necessary for your health or that of your spouse or a dependent.
The shareholder must show that the expense is unexpected and necessary for the health of the shareholder, the shareholder’s spouse or a dependentAND
must show financial inability to pay the expenseAND
must have liquidated or used up all redeemable investments (including any other RRSP), the purchase of the shares being the last resort.
The Fonds de solidarité FTQ form which includes a section entitled “Shareholder’s Solemn Declaration” attesting to financial inability to pay the expenseAND
recent proof of confirmation from a health professional attesting to the necessity of the careAND
proof of absence of indemnification or partial indemnificationAND
proof of the costs related to the extraordinary expenseAND
proof that all redeemable investments have been liquidated and used up to pay part of the costs related to the expense or that the investments cannot be redeemedOR
if the expense involves the shareholder’s spouse or a dependent child proof that all redeemable family investments have been liquidated and used up to pay part of the costs related to the expense or that the family investments cannot be redeemed.
All shares held.
Subsequent share acquisition:
One year after purchase by the Fonds de solidarité FTQ.
Disbursement terms and conditions:
A net payment equal to the amount required to pay a substantial part of the expense. Cheque payable jointly to the shareholder and the creditor (if applicable).