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The Fonds de solidarité FTQ announced today a record share value of $33.59. The $0.33 increase over the value in July 2015 translates into a six-month return of 1.0% and a 12-month return of 7.1% (from December 1, 2014 to November 30, 2015). These returns do not factor in the tax credits or RRSP deductions.
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| Comprehensive income for the six months ended November 30, 2015 was $112 million, and net assets increased to $11.2 billion. The Fonds invested $324 million throughout Québec in unsecured risk capital during the six-month period. |
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Federal tax credit
The tax credits granted to our shareholders are essential in order for the Fonds to continue supporting Québec businesses and encouraging middle class workers to save for retirement. The Fonds is working with the newly elected government to help restore the federal tax credit.
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Various ways to contribute to the Fonds de solidarité FTQ
Quebecers can contribute to the Fonds in various ways and benefit from the extra 25% in labour fund tax credits for the 2015 taxation year, more specifically:
- On our web site, where with just one click they can choose their method of contribution and payment as well as access their account to make online transactions;
- Through the Fonds’ local representatives in the workplace and through its field offices, where they can get help with enrolment and transactions; or
- By calling Shareholder Services at 1 800 567-FONDS (3663).
The limit on the issue of Fonds de solidarité FTQ shares eligible for tax credits was lifted as of June 1, 2015.
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Highlights
