Please note that if you are not yet 71 years of age (the age limit for contributing to an RRSP according to the Income Tax Act), you are not required to redeem or transfer your RRSP+ with the Fonds to another savings vehicle. You can maintain it with the Fonds and withdraw it as needed at a later date.
No age limit exists for non-RRSP shares. You can therefore continue to contribute while doing your part to help drive the local economy. However, no tax credits are issued after you turn 65.
Requirements:
The shareholder must have reached 65 years of age.
Document required:
Completed Fonds de solidarité FTQ "Shareholder’s Solemn Declaration" form stating that the shareholder is 65 years of age or older.
Eligible shares:
All shares for which the minimum holding period has been reached:
Except for the exception mentioned below, the minimum holding period of 730 days, provided in the Act, for the application of redemption criteria relating to retirement, phased retirement and shareholders who have reached 65 years of age Fonds de solidarité FTQ share redemptions will be gradually extended as follows:
| Date of redemption | Before June 1, 2027 | Between June 1, 2027, and May 31, 2029 |
Between June 1, 2029, and May 31, 2031 |
After May 31, 2031 |
|---|---|---|---|---|
| Minimum holding period | 2 years | 3 years | 4 years | 5 years |
Exception : Shareholders who are or will turn, during a year, 71 years of age may redeem their Shares without a minimum holding period.
