Beyond your RRSP
Continue to invest while saving money in tax even if you’ve reached your RRSP contribution limit.
Hold non-RRSP shares to save more and pay less tax.
Why hold non-RRSP shares?*
There are two main reasons to do so.
You’ve already contributed up to your RRSP contribution limit
When you hold non-RRSP shares with the Fonds, you can continue to save while benefiting from the additional 30% in tax savings specific to the Fonds.**
You want to mitigate the tax impact upon redemption
With non-RRSP shares, you pay tax only on 50% of the capital gain upon redemption.
* Non-registered investments
** The tax credits granted to the shareholders of the Fonds are 15% at the federal level and 15% at the provincial level. Tax credits are capped at $1,500 per tax year, which corresponds to purchases of Fonds de solidarité FTQ shares having a value of $5,000.
What are the benefits of holding non-RRSP shares with the Fonds?
You benefit from tax savings*
Support hundreds of local businesses
Participate in the development of a responsible economy
You create wealth
Did you know? When it comes to shares held outside an RRSP with the Fonds, you only need to pay tax on capital gains upon redemption. And if you plan on redeeming once you’re retired or have taken early retirement, you’ll most likely have less tax to pay!
Where can you find out what your RRSP contribution limit is for the current year?
Your contribution limit is set to 18% of your income earned the previous year, up to a maximum of $26,230 in 2018 and $26,500 in 2019.
Refer to your most recent Notice of Assessment
The Canada Revenue Agency sends you this information after you’ve submitted your tax return. The information can be found under the “RRSP/PRPP deduction limit statement” section.
At the Fonds, you can save at your own pace
Three simple ways to save with the Fonds:
Save on each paycheque, and benefit immediately for tax savings.
Your contributions are drawn directly from your bank account at the frequency and in the amount of your choice.
Contribute the amount you want when you want.
To open non-RRSP shares, visit one of our service points or contact your local representative (LR).
Most frequently asked questions
Want more information about holding non-RRSP shares?
Contact one of our agents.