Can I use my RRSP+ to pay medical expenses?

Yes, your RRSP+ could help you pay for some unforeseen medical expenses that are not fully or partially covered by insurance.

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.

Requirements:

The shareholder must show that the expense is unexpected and necessary for the health of the shareholder, the shareholder’s spouse or a dependent

AND

must show financial inability to pay the expense

AND

must have liquidated or used up all redeemable investments (including any other RRSP), the purchase of the shares being the last resort.

Documents required:

The Fonds de solidarité FTQ form which includes a section entitled “Shareholder’s Solemn Declaration” attesting to financial inability to pay the expense

AND

recent proof of confirmation from a health professional attesting to the necessity of the care

AND

proof of absence of indemnification or partial indemnification

AND

proof of the costs related to the extraordinary expense

AND

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 redeemed

OR

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.

Eligible shares:

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).

Do you have a more questions?

Our agents will be pleased to answer any questions you may have at:

1 800 567-3663
Legal Notes

Please read the prospectus before buying Fonds de solidarité FTQ shares. Copies of the prospectus may be obtained on the fondsftq.com website, 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.
Prospectus En ( 883 Kb )