Pointe-Claire, January 30, 2015 - Aiming to better serve West Island residents and entrepreneurs, Denis Leclerc, Executive Vice-President for Shareholder Services at the Fonds de solidarité FTQ, and Luc Pinard, President and CEO of the Fonds régionaux de solidarité FTQ, are happy to announce that the Fonds has opened a permanent office at 755 Boul. St-Jean, Suite 110, in Pointe-Claire.
“West Island residents who want to contribute to their RRSP through the Fonds de solidarité FTQ now can visit an office in the heart of the region. There, they will be able to get more information about the Fonds or contribute to their RRSP”, said Mr. Leclerc.
“We are happy to offer West Island entrepreneurs better access to financing adapted to their reality and their business projects”, added Mr. Pinard. “With our Fonds régionaux Director for Montréal and the Montérégie, François Morier, these entrepreneurs will have access to the Fonds’ entire network and its services.”
On Saturday, January 31st, Fonds representatives will be at Fairview Pointe-Claire to meet West Island residents and offer information about contributing to an RRSP with the Fonds.
On this occasion, the Fonds will be making a $1,000 donation to West Island Community Shares to mark the opening of the Fonds’ Pointe-Claire office.
More than one way to contribute to the Fonds de solidarité FTQ
There are a number of ways Quebecers can contribute to the Fonds and benefit from the additional 30%[i] in tax credits granted to labour-sponsored fund investors. To get started they can:
- Consult a local representative in their workplace or one of the Fonds’ many field offices, where they can obtain assistance with enrolment and transactions;
- Visit www.FondsFTQ.com, where with just one click they can choose their method of contribution and payment, as well as access their account to make transactions; or
- Contact Shareholder Services at 1 800 567-FONDS (3663).
In its 2014 budget, the Québec government set a limit of $650 million on the value of shares the Fonds de solidarité FTQ can issue and that qualify for the labour-fund tax credits. This means the Fonds may have to stop issuing shares during the fiscal year, in which case the public will be informed by way of a press release.
This limit does not affect shareholders who contribute through one of the Fonds’ systematic saving methods: payroll deduction, contribution negotiated with an employer or pre-authorized withdrawals. These subscriptions will continue to be honoured since the shares have already been set aside.
About the Fonds de solidarité FTQ
The Fonds de solidarité FTQ helps drive our economy. With net assets of $10.5 billion as of November 30, 2014, the Fonds is a development capital fund that channels the savings of Quebecers into investments in all sectors of the economy to help create and maintain jobs and further Québec’s development. The Fonds is a partner, either directly or through its network members, in more than 2,450 companies. With more than 600,000 shareholder-savers, the Fonds helps create, maintain and protect more than 172,000 jobs. For more information, visit www.FondsFTQ.com.
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Information
For media representatives only:
Patrick McQuilken
Senior Advisor, Media Relations and Communications
Fonds de solidarité FTQ
Phone: 514 850-4835
Mobile : 514 703-5587
Email: pmcquilken@fondsftq.com
For Fonds de solidarité FTQ shareholders:
Shareholder Services
Fonds de solidarité FTQ
Montréal: 514 383-3663
Québec: 418 628-3663
Toll Free: 1 800 567-3663
[i] For contributions made no later than March 2, 2015, if declared for the 2014 tax year. If declared in 2015, the tax credit will be 25% due to the 5% decrease in the federal credit.