The Fonds may redeem your shares if your situation meets one of the following redemption criteria: you are retired; you are buying your first home through the Home Buyers' Plan (HBP); or you or your spouse is returning to full-time studies.
Learn more about the redemption criteria.
Tax credit reminder
If you meet the conditions set out in the prospectus, you are eligible for tax credits of 30%1 for labour-sponsored funds until the end of the tax year in which you turn 64 years of age. Note that by withdrawing your savings from the Fonds, in whole or in part, for retirement or disability purposes, you will no longer be eligible for these 30% tax credits on future contributions. This represents an additional tax savings of up to $1,500 per year until the end of the fiscal year in which you turn 64.1.