Fonds de solidarité FTQ

[1] The Fonds de solidarité FTQ was constituted on June 23, 1983 by an act of the Québec National Assembly,[2] then headed by the René Lévesque government.

The initial capital came from workers affiliated to FTQ that was complemented by provincial and federal governments.

[3] Fonds shares, which are eligible for the Registered Retirement Savings Plan (RRSP), can be purchased by any Québec taxpayer either through payroll deduction – available in unionized companies or government organizations (an FTQ-affiliated or other union), – preauthorized withdrawals, or a lump sum payment.

Fonds shares are a popular investment because in addition to the tax benefits individuals obtain for buying an RRSP, they also receive two additional tax credits: 15% from each government (Québec and Canada) on the first $5,000 invested each year.

Fonds shares cannot be sold before retirement except under certain conditions such as loss of employment, participation in the federal government's Home Buyers’ Plan, and disability.

Complexe FTQ