Am I eligible for the 30% tax credits when I contribute to an RRSP+ with the Fonds through the random selection?

The same criteria apply whether or not you contribute through the random selection. For example, as of the year in which you turn 65, you are no longer eligible for these tax credits.[1]

With the RRSP+, you're eligible for two tax credits that, when combined, add up to 30% in tax savings.[1] The maximum contribution amount eligible for tax credits is $5,000 per year, per person, which represents an additional tax savings of $1,500 ($750 at the Quebec provincial level and $750 at the federal level).

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]

Learn more about tax credit eligibility criteria

  • 1

    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, 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.