Is there a cap on the contribution amount that can made by automatic bank transfer?
Our fundraising goal for the current fiscal year has been achieved. It is therefore not possible to make new contributions by preauthorized bank withdrawal.
The Fonds prioritizes payroll deduction and automatic bank withdrawal (ABW) agreements that were active when the share issuance limit was announced, and will continue to issue shares under these agreements throughout the year.
Therefore, new automatic bank withdrawal contribution agreements and increases to existing automatic bank withdrawal agreements will not be accepted.
If you wish to decrease the amount of your preauthorized bank withdrawals, please contact one of our Saving Services agents.
Legal Notes
The Fonds de solidarité FTQ's shareholders will receive 15% in tax credits from the Québec government and 15% from the federal government. They are capped at $1,500 per fiscal year, which represents a $5,000 purchase of shares of the Fonds de solidarité FTQ.