Whether it’s to return full time to high school or post-secondary school for a minimum of three consecutive months, the Fonds makes it possible to redeem part of your shares.
The shareholder, or their spouse, must have returned to full-time studies and be registered in a training program offered by a designated educational institution requiring at least three months of schooling
must not have been a full-time student in such program at the time of their enrollment with the Fonds de solidarité FTQ
cannot submit a request under the “Return to School” criterion if, during their studies, the student receives non-refundable grants or financial support from government programs or any other income, including employment income exceeding 75% of his or her employment income before their studies began
must agree to make his or her repayments to the Fonds de solidarité FTQ, in order to benefit from the government continuing education assistance programs.
If the shareholder or their spouse has already begun studying:
The Fonds de solidarité FTQ form, which includes the “Declaration by Educational Institution.” If the shareholder or his or her spouse has not yet begun studying:
The Fonds de solidarité FTQ form and confirmation from the designated educational institution of registration for full-time studies, the program start date and its duration
a copy of the tuition fee statement, including proof that 50% of the fees or a minimum of $500 was paid
in order to benefit from the government continuing education assistance programs, provide the duly completed and signed Canada Revenue Agency form in order to avoid the deductions at source that would normally apply.
All shares held for at least two years. Shares purchased after returning to school cannot be redeemed under this criterion.
Subsequent share acquisition:
At any time.
Disbursement terms and conditions:
A single payment equal to the value of the eligible shares, up to a maximum of $10,000 gross for a return to studies of less than six months
a maximum of two instalments equal to the value of the eligible shares, up to a maximum of $20,000 gross for a single return to studies of six months or more.