Retirement: Managing your savings for the long haul
We'll help you optimize your finances.
Plan when and how to withdraw your savings and investments after retirement
If you want to maximize your savings, you'll need to plan when to use your various sources of income. A withdrawal plan lets you optimize the amounts you withdraw while minimizing your tax burden and maximizing your retirement income.
Don't forget—your retirement could last a long time! That's why it's important to adopt a long-term vision and diversify your investments. Doing so will allow you to adapt to changing circumstances during retirement while enjoying your savings from day one.
Choosing the right FlexiFonds savings vehicles for your retirement
Every person's retirement is unique, and adopting a strategy that's tailored to your needs and reality is essential. You owe it to yourself to choose savings solutions that will allow you to take full advantage of your retirement while carrying out projects you care about so that you can enjoy this new chapter in your life to the fullest.
Taking advantage of different savings vehicles that complement each other can really pay off. For example, you can reap the benefits of various savings vehicles by combining a TFSA with an RRSP, a TFSA with a RRIF, or a TFSA with an RRSP and investment account.
Personalized advice and service you can trust
The FlexiFonds mutual fund advisors are here to help you with your savings. With zero pressure and zero commissions, they put their expertise and skill at your disposal. They will be happy to answer your questions and help you choose among our FlexiFonds savings solutions.
Call the FlexiFonds mutual fund advisors at 1-833-383-2121
Redeem shares held in your RRSP+ with the Fonds
By saving with the Fonds, you benefitted from an additional 30% in tax savings.¹ If you're planning to retire, it's important to make sure you're eligible to withdraw your savings.
Transfer your money to FlexiFonds
Did you know? You can transfer money directly from your RRSP+ with the Fonds to an RRSP or RRIF with FlexiFonds via your online account. It's simple, fast, and secure!
You can withdraw the funds in your RRSP+ under the following conditions:
• You're at least 45 years old • You receive a pension from an employer-sponsored registered pension plan • You own shares that you have held for at least 730 days (two years)
To learn more about redeeming retirement funds before age 65, see our FAQ section.
Are you thinking of retiring, but aren't quite ready to stop working completely? Phased retirement is a great way to create a smooth transition from work to retirement. This option also allows you to keep earning professional income.
As soon as you begin your phased retirement, you can request to redeem shares held in your RRSP+ with the Fonds if you meet the following criteria:
• You're at least 50 years old • You've contributed to the Québec Pension Plan (QPP) for at least one year • You're a salaried employee • You've signed an agreement with your employer(s) to reduce your regular work hours by at least 20% until retirement
To learn more about making a request to redeem shares as part of a phased retirement, please see our FAQ section.
Are you eligible for the Fonds' 30% in tax credits?¹
Even if you're retired, you may be eligible to take advantage of an additional 30% in tax credits.¹
Are you eligible for the Quebec tax credit?
Yes, if you meet the following criteria:
• You are between 45 and 64 years of age and you receive retirement income AND more than $3,500 in employment income (gross amount) or business income (net amount)
Please note that if you have redeemed amounts from a labour-sponsored fund for retirement/pre-retirement or disability, you are no longer eligible for the credit
No, in the following cases:
• You are between 45 and 64 years of age and receive only retirement income • You are 65 or older • You've submitted a request to redeem your shares within 60 days • You've submitted a request to redeem your shares from a labour-sponsored fund due to disability
This applies only to credits for shares acquired after the date of the redemption request
Are you eligible for the federal tax credit?
Under federal legislation, a federal tax credit may only be granted if you're also eligible for the Quebec tax credit. Note that you may be able to claim a 15% tax credit from the Quebec government and a 15% tax credit from the federal government. For more information, please contact the Canada Revenue Agency at 1-800-959-7383.
Note: In the case of a spousal RRSP+, both individuals must meet the eligibility criteria for the credits.
Did you know?
Only shares held for 730 days (i.e., two years) are eligible when you submit a request to redeem your shares. For example, if you own 100 Fonds shares, but 10 were purchased in the last two years, you will only be able to sell 90 of them immediately.
Brochure to download (French only) : Take care of your savings once you retire
You've been saving for retirement all your life, and now it's time to make the most of it. To help you make the transition, the Fonds has prepared a few tips regarding withdrawal strategies, retirement income, and how to manage your personal finances.
Most frequently asked questions
Give us a call, and let's talk about your plan!
Monday to Friday, 8:30 a.m. to 5 p.m.
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.
Please read the prospectus before buying Fonds de solidarité FTQ shares. Copies of the prospectus may be obtained on the Website fondsftq.com, 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.
All the information and data provided on this site are for information purposes only and are not intended to provide advice on your personal investment situation or investment, financial, legal, accounting or tax recommendations based on a specific personal situation. Although they are deemed reliable, no representation or warranty, express or implied, is made as to the accuracy, quality or completeness of this information and data. The opinions expressed should not be construed as a solicitation or offer to purchase or sell the units referred to herein and should not be viewed as a recommendation. We recommend you consult your legal advisor.
FlexiFonds de solidarité FTQ Inc.
The FlexiFonds are distributed solely in Québec by FlexiFonds de solidarité FTQ Inc. a mutual fund dealer wholly owned by the Fonds de solidarité FTQ. FlexiFonds de solidarité FTQ inc. does not distribute any other mutual funds. Please consult your advisor and read the prospectus and fund facts before making an investment. The FlexiFonds are not insured by the Canada Deposit Insurance Corporation or any other government deposit insurer or by the Autorité des marchés financiers. The mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.
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