I already subscribe to Fonds shares through payroll deductions or automatic bank withdrawals. Can I also contribute by subscribing to Fonds shares through the random selection?

Yes. However, the Fonds will not verify whether selected individuals already subscribe to Fonds shares. If you are selected, make sure your total share subscriptions do not exceed $5,000 if you want the full amount to be eligible for the 30% in tax credits.[1]

I already subscribe to shares through payroll deductions

Because you subscribe to shares via payroll deductions through your employer, you can change your contribution amounts at any time. Want to save more? Simply change your contribution amount at any time from your online account.

I already subscribe to shares through automatic bank withdrawals

If you already subscribe to Fonds shares through automatic bank withdrawals, but the total is less than $5,000, you cannot increase the amount of your existing agreement. However, if you are chosen through the random selection process, you can set up a new automatic bank withdrawal agreement or make a one-time withdrawal.

Are you getting the most out of the tax credits specific to labour-sponsored funds?

The random selection enables you to combine this new opportunity to subscribe to shares through bank withdrawals with your existing share subscription via automatic bank withdrawal to reach a total of $5,000, making you eligible for tax credits in either the 2024 or 2025 tax years.

Example:

  • You already contribute $200 per month via automatic bank withdrawal = $2,400
  • You contribute a lump-sum amount through the random selection = $2,600

Combined annual total = $5,000

Reminder: The maximum amount of subscriptions eligible for the 30% tax credit for labour-sponsored funds is $5,000 per year, per person.[1]

  • 1

    The subscription of shares of the Fonds de solidarité FTQ may give rise to labour-sponsored fund tax credits. The tax credits amount to 30%, namely 15% at the Quebec level and 15% at the federal level, and are limited to $1,500 per fiscal year, which represents a $5,000 subscription of shares of the Fonds de solidarité FTQ.

    Please read the prospectus before subscribing to shares of the Fonds de solidarité FTQ. 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 shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.