What is the Fonds' random selection?

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

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

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

1. Registration

The get the opportunity to contribute through the random selection, you must first fill out and submit the random selection registration form between May 6 and 20, 2024, before 11:59 pm.

You must provide:

  • The email address you use or will use for your online account with the Fonds
  • The last 3 digits of your social insurance number (SIN)
  • Your total desired contribution amount (maximum of $5,000)

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

2. Selection

A random selection will be held on June 1, 2024, from among all eligible savers who have submitted the registration form.

If you are selected on or after June 1, you will receive an email containing a unique code. This code will allow you to contribute an amount between $10 and the desired amount indicated on your random selection registration form (up to $5,000). It will be valid for 10 days only.

3. Contribution

If you are selected, you will be able to contribute to any of the Fonds' three savings vehicles: the RRSP+, the spousal RRSP+, and non-RRSP+.[1]

Contributions can even be split between more than one vehicle if needed.

  • One-time withdrawal: For example, making a lump-sum payment of $5,000 on any date between June 1, 2024 and May 31, 2025.
  • Automatic withdrawals: Spreading the total contribution over weekly, biweekly, or monthly withdrawals between June 1, 2024, and May 31, 2025.

View Random Selection Conditions

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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.