I already contribute to the Fonds via payroll deductions or automatic bank withdrawals, can I also contribute through the random selection?

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

I already contribute via payroll deductions

Since you have already set up RRSP+ contributions via payroll deductions through your employer, you can modify your contribution whenever you wish. Want to save more? Simply change your contribution amount at any time through your online account.

I already contribute via automatic bank withdrawals

If you already contribute to the Fonds via automatic bank withdrawals, you cannot increase the amount of your existing agreement. However, if you are selected through the random selection process, you can set up a new automatic bank withdrawal agreement or make a one-time contribution.

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

By registering for our random selection, you could combine this new contribution opportunity with your existing automatic bank withdrawals to reach a total contribution of $5,000, the maximum amount for which you can receive tax credits in 2024.

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 total = $5,000 in contributions

Reminder: The maximum contribution amount eligible for the 30% tax credits specific to labour-sponsored funds is $5,000 per year, per person.[1]

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    The acquisition 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 purchase of shares of the Fonds de solidarité FTQ. On March 1, 2024, The Government of Québec announced in Information Bulletin 2024-3 that tax legislation would be amended to postpone by three years the rule providing that the tax credit would be available only to individuals whose taxable income for a given taxation year was below the highest tax rate. Please note that this postponement may be subject to legislative changes.

    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 shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.