Can I recontribute to my RRSP+ with the Fonds after redeeming part of my shares?

In many cases, you can recontribute to your RRSP+ with the Fonds after making a withdrawal. However, you may no longer be entitled to the tax credits of 30% for labour-sponsored funds*.

Based on the redemption criteria for redeeming your shares, you may need to meet a certain deadline before you can buy new shares with the Fonds. See Schedule 2 of the Prospectus for more information on this subject.

Note that if after making a redemption you decide to contribute to your RRSP+ with the Fonds again, you will still be eligible for the usual RRSP deductions, but you may no longer be entitled to the tax credits of 30% for labour-sponsored funds*, especially if you withdrew your savings from the Fonds for retirement or disability purposes.

Putting off redeeming your shares with the Fonds for retirement purposes means enjoying an additional 30% in tax savings for labour-sponsored funds over a longer period of time – a significant tax benefit for planning your retirement over the years.

Reminder: You are eligible for tax credits of 30%* until the end of the tax year in which you turn 64 years of age, if you meet the conditions set out in the prospectus.

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Legal Notes
The acquisition of shares of the Fonds de solidarité FTQ may give rise to labour-sponsored fund tax credits. The tax credits amount to 30%, namely 15% at the Quebec level and 15% at the federal level, and are limited to $1,500 per fiscal year, which represents a $5,000 purchase of shares of the Fonds de solidarité FTQ. On March 1, 2024, The Government of Québec announced in Information Bulletin 2024-3 that tax legislation would be amended to postpone by three years the rule providing that the tax credit would be available only to individuals whose taxable income for a given taxation year was below the highest tax rate. Please note that this postponement may be subject to legislative changes.
Please read the prospectus before buying Fonds de solidarité FTQ shares. Copies of the prospectus may be obtained on the Website, from a local representative or at the offices of the Fonds de solidarité FTQ. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all dividends and do not take into account income taxes payable by any security holder that would have reduced returns. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.