What is the Fonds' random selection?

To help workers who wish to save for retirement but who do not have access to payroll deductions, the Fonds has negotiated with the Québec government for an additional amount of at least $75 million for new share subscriptions via bank withdrawal.

Thanks to the random selection, more Québecers will be able to save for retirement while benefiting from an additional 30% in tax credits specific to labour-sponsored funds[1].

There are three key phases to the random selection: registration, selection, and share subscription.

1. Registration

For a chance to subscribe to shares through the random selection, you must first complete and submit the random selection registration form between December 16, 2024, and 11:59 p.m. on January 24, 2025[2].

You must provide the following information:

  • Email address you already use or will use for your online account with the Fonds
  • Last 3 digits of your social insurance number (SIN)

Important! Remember to confirm your identity via the email sent to you immediately after you submit the form. Once you complete this step, you will be officially registered.

2. Selection

A random selection will be held on January 27, 2025, from among all eligible and confirmed registrants.

Starting on this date, the Fonds will email the selected individuals a unique code, valid for 5 days only, allowing them to subscribe to Fonds shares up to a maximum amount of $5,000, no later than May 31, 2025. The codes will be sent over a period of a few days to a few weeks.

3. Share subscription

If you are selected, you may subscribe to up to $5,000 in Fonds shares and transfer these shares to an RRSP+, spousal RRSP+, or non-RRSP+ account with the Fonds. You may also divide the shares between these three accounts.

Bank withdrawals to subscribe to shares must be made between now and May 31, 2025, by the method of your choice.

  • One-time withdrawal: For example, making a lump-sum payment of $5,000 no later than May 31, 2025.
  • Automatic bank withdrawals: Scheduling weekly, bi-weekly, or monthly withdrawals between now and May 31, 2025.

Selected individuals may choose to subscribe to Fonds shares by bank withdrawal with an RRSP+, spousal RRSP+, or non-RRSP+ account for the 2024 tax year by March 3, 2025. Bank withdrawals made after this date will apply to the 2025 tax year.

Read the Random Selection Conditions

  • 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.

    2

    The Fonds reserves the right to extend the registration period beyond January 24, 2025.

    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.