Temporary disability can lead to many problems, not only in terms of your health, but also in terms of your personal finances. If your income has decreased significantly because you are in such a situation, contact one of our Shareholder Services agents who can explain how you can use your RRSP+.
* See other situations of income decrease that could allow the withdrawal of your RRSP+.
Requirements:
The shareholder or their spouse must be in a position of decreasing income caused by a temporary disability
ANDmust show that the gross income has decreased by 30% or more for a minimum period of two consecutive months
ANDmust have liquidated all redeemable investments (including any other RRSP), the purchase of the shares being the last resort.
ANDFor subsequent requests, the shareholder must show that they, or their spouse, is still temporarily disabled and that gross income has decreased by 30% or more for a new minimum period of two consecutive months.
Documents required:
The Fonds de solidarité FTQ form
AND
a recent medical certificate attesting to the disability for a minimum period of two consecutive months
ANDproof of all gross income for a full month prior to the decrease in income
AND
recent proof of all gross income for the period of decrease in income for two full consecutive months
ORrecent proof of absence of income for two full consecutive months, as applicable
ORrecent written confirmation from the shareholder’s or the shareholder’s spouse’s employer or insurer attesting to the payment of disability benefits causing a decrease of 30% in gross income for a minimum period of two consecutive months
ANDproof that all other redeemable investments have been liquidated or cannot be redeemed
ANDif the decrease in net income involves the shareholder’s spouse proof of all gross family income for a full month prior to the decrease in income
AND
recent proof of all gross family income for the period of decrease in income for two full consecutive months
ORrecent proof of absence of family income for two full consecutive months, as applicable
ANDproof that all redeemable family investments have been liquidated or cannot be redeemed.
Eligible shares:
All shares held. Shares purchased after the temporary disability cannot be redeemed under this criterion.
Subsequent share acquisition:
One year after purchase by the Fonds de solidarité FTQ.
Disbursement terms and conditions:
Maximum payments not exceeding a net value of $5,000 each, at a minimum two‑month interval between each payment
ORupon the initial request under the disability invoked, a single payment equal to the total value of the account, provided such value is under $10,000 gross.