I’m going back to school. Can I redeem my RRSP+ to make things easier financially?

Yes. If you’re going back to school full time, you can submit a request to redeem your shares.

Whether it’s to return full time to high school or post-secondary school for a minimum of three consecutive months, the Fonds makes it possible to redeem part of your shares.

Requirements:

The shareholder, or their spouse, must have returned to full-time studies and be registered in a training program offered by a designated educational institution requiring at least three months of schooling

AND

must not have been a full-time student in such program at the time of their enrollment with the Fonds de solidarité FTQ

AND

cannot submit a request under the “Return to School” criterion if, during their studies, the student receives non-refundable grants or financial support from government programs or any other income, including employment income exceeding 75% of his or her employment income before their studies began

AND

must agree to make his or her repayments to the Fonds de solidarité FTQ, in order to benefit from the government continuing education assistance programs.

Proof required:

If the shareholder or their spouse has already begun studying:

The Fonds de solidarité FTQ form, which includes the “Declaration by Educational Institution.” If the shareholder or his or her spouse has not yet begun studying:

The Fonds de solidarité FTQ form and confirmation from the designated educational institution of registration for full-time studies, the program start date and its duration

AND

a copy of the tuition fee statement, including proof that 50% of the fees or a minimum of $500 was paid

AND

in order to benefit from the government continuing education assistance programs, provide the duly completed and signed Canada Revenue Agency form in order to avoid the deductions at source that would normally apply.

Eligible shares:

All shares held for at least two years. Shares purchased after returning to school cannot be redeemed under this criterion.

Subsequent share acquisition:

At any time.

Disbursement terms and conditions:

A single payment equal to the value of the eligible shares, up to a maximum of $10,000 gross for a return to studies of less than six months

OR

a maximum of two instalments equal to the value of the eligible shares, up to a maximum of $20,000 gross for a single return to studies of six months or more.

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 )