I’ve owned a business for more than a year, and it’s in financial difficulty. Can I redeem part of my RRSP+?

You may be eligible to redeem part of your RRSP+ to maintain or create employment in the business you own and which is in financial difficulty.

As a business owner, you may be at the mercy of certain events that may have a negative financial impact on your business. In keeping with its mission to maintain and create jobs, the Fonds de solidarité FTQ lets you redeem a part of your savings to counter this situation, should it occur.


The shareholder must show that the business is duly constituted


must show that they are the owner of the business (alone or with others) and participates in the decision-making process


must show that the business is a going concern and not a seasonal business, unless the business operates several seasonal activities throughout the year


show that the business is in financial difficulty


show that the capital injection will maintain at least one full‑time permanent job.

Documents required:

The Fonds de solidarité FTQ form


a declaration of registration or certificate of incorporation


financial statements for two full fiscal years and the interim financial statements for the current period


proof of retention of a full-time permanent job

  • If the job maintained is the shareholder’s, provide one of the following:
    • An income tax return and notice of assessment showing that the shareholder works full-time in their business
  • If the job maintained is not the shareholder’s, provide one of the following:
    • monthly remittances to the Québec and federal governments
    • pay slips of the employee showing full-time permanent job.

Eligible shares:

All shares held for at least two years.

Subsequent share acquisition:

Two years after purchase by the Fonds de solidarité FTQ.

Disbursement terms and conditions:

A single payment of a net value of $30,000 or a lesser amount if the analysis conducted by the Fonds de solidarité FTQ shows a financial need less than $30,000. This criterion can only be invoked once by the shareholder.

Do you have more questions?

Our agents will be pleased to answer any questions you may have at:

Legal Notes
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 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.