Reinstatement of Federal Tax Credit in 2016 Budget: A Winning Partnership for the Middle Class and the Economy
Montréal, January 14, 2016 – “The full reinstatement of the labour fund tax credit in the next federal budget is great news for the middle class and the economy.” Such was the reaction of Gaétan Morin, President and CEO of the Fonds de solidarité FTQ, to the announcement made today by federal Minister of Finance Bill Morneau at a press conference in Winnipeg.
“By sending this clear message during RRSP season, the federal government is acknowledging that when it comes to saving for retirement, labour funds are very important for the middle class.”
“We commend Prime Minister Trudeau and his Minister of Finance, Bill Morneau, for taking the initiative to renew our partnership with the federal government in order to support growth and prosperity,” concluded Mr. Morin.
About the Fonds de solidarité FTQ
The Fonds de solidarité FTQ helps drive our economy. With net assets of $11.2 billion as of November 30, 2015, 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 2,550 companies. With more than 600,000 shareholder-savers, the Fonds helps create, maintain and protect more than 176,000 jobs. For more information, visit www.fondsftq.com.
- 30 -
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