Random Selection Conditions
The Fonds de solidarité des travailleurs du Québec (FTQ) (the "Fonds") will issue, for a limited time, Class "A" shares, Series 1 and Series 2 (the "Share" or collectively the "Shares"), for a maximum amount of at least $75 million (the "Authorized Amount") pursuant to a random selection. Randomly selected individuals will be able to subscribe to Shares via a one-time withdrawal or multiple automatic bank withdrawals between January 27 and May 31, 2025, to a maximum total of $5,000.
By submitting a registration form, and subject to applicable law and the current prospectus, the saver acknowledges and declares that they meet the eligibility criteria and have read and accept the terms and conditions set forth herein.
Terms and conditions
Registration
- The registration period will begin on December 16 and end at 11:59 p.m. on January 24, 2025 (the "Registration Period"). The Fonds reserves the right to extend the Registration Period beyond January 24, 2025.
- To acquire Shares by contributing via bank withdrawals, the saver must register for the random selection by filling out the online registration form, available on the Fonds' website at https://www.fondsftq.com/en/personal/random-draw.
- Only one random selection registration form may be submitted per saver. Everyone who registers has the same probability of being selected.
- Individuals must provide the same email address upon registration as the one associated with their online Fonds account. If an individual is selected but does not yet have an account, they must open one using the email address they used to register for the random selection.
- The Fonds reserves the right to verify any information provided on the registration form, including the identity and eligibility of the saver. Any incomplete, inaccurate, or fraudulent registration form submitted by an individual may be rejected and this individual disqualified from the random selection.
- To proceed with the random selection, the Fonds must collect, disclose, and use the personal information provided by the saver to complete their registration in accordance with the Fonds' Protection of Personal Information Notice.
- To be eligible, a saver must be a Québec resident and 18 years of age or older. The concept of resident is that defined in the Québec Taxation Act.
- After the close of the registration period, on or around January 24, 2025, a list will be drawn up at random to determine the order of priority of the selected persons permitted to subscribe to Fonds shares via bank withdrawals.
- Randomly selected individuals will receive an email containing a unique code valid for five (5) days, enabling them to set up bank withdrawals to subscribe to shares worth a maximum total of $5,000.
- At the end of the five (5) day period, if there is any money left over from the authorized amount, the next individuals on the initial list will receive a unique code that is valid for five (5) days, enabling them to schedule bank withdrawals to subscribe to shares. This process will be repeated until the authorized amount is reached.
- Each unique code is valid for five (5) days following receipt of the email. At the end of the five (5) day period, the unique code will be automatically deactivated, and the saver will no longer be able to subscribe to Shares under the random selection.
- Each unique code is exclusive to the selected saver and can only be used once. The unique code may not be exchanged, transferred, or sold to any other person, in whole or in part.
- The total amount of the Share subscription must be between $10 and $5,000.
- Share subscriptions via one-time or automatic bank withdrawals must be made online through the Fonds' website or by phone with a Fonds Saving Services agent.
- Automatic bank withdrawals may be staggered between January 27 and May 31, 2025.
- Share subscriptions must be transferred to a savings plan at the Fonds, be it an RRSP+, spousal RRSP+, or non-RRSP+ account.
- Individuals are responsible for ensuring that their Fonds subscriptions are eligible for tax credits[1] and applicable RRSP deductions. A Share subscription does not automatically confer entitlement to tax credits provided for by tax laws.
- The Fonds reserves the right to accept or reject any subscription application, in whole or in part.
- Shares will be valued at the price prevailing at the time of subscription.
- The Fonds reserves the right to modify, suspend, cancel, or terminate any of the Share subscription methods offered. The Fonds will announce any changes in this regard by way of a press release.