Is there a cap on the contribution amount that can made by automatic bank transfer?

Automatic bank transfers are limited to $500 per month ($6,000 per year).

Automatic bank transfers make it possible to contribute to Fonds de solidarité FTQ savings products up to a maximum of $500 per month (minimum of $10 per contribution).

Depending on the chosen frequency, the maximum amounts allowed per automatic bank transfer are as follows:

  • Once a week: $115.38 maximum
  • Every two weeks: $230.77 maximum
  • Once a month: $500.00 maximum
  • On the 15th and 30th of each month: $250.00 maximum
 
Legal Notes
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.