Fonds de solidarité FTQ Will Again Accept Lump-Sum Contributions as of June 1, 2015

MONTRÉAL, June 1, 2015 /CNW Telbec/ - With the beginning of its new financial year, the Fonds de solidarité FTQ is again accepting lump-sum contributions as of June 1, 2015. This type of contribution is an alternative to the three automatic savings methods already available, namely payroll deduction, employer-negotiated contributions and pre-authorized withdrawals. As there will be no cap on share issues in 2015-2016, individuals can take advantage of the full additional tax credits granted to labour fund investors, which are 25% for the 2015 fiscal year.1

"With much smaller instalments, the Fonds' automatic savings methods are the most practical tools for individuals who want to contribute to their RRSP. That's why, year in year out, more than half of the contributions to the Fonds are made through payroll deduction or pre-authorized withdrawals. However, those who prefer making a lump-sum deposit can do so again," said Denis Leclerc, Executive Vice-President, Shareholder Services, at the Fonds.

More than one way to contribute to the Fonds de solidarité FTQ

There are a number of ways Quebecers can contribute to the Fonds. To get started they can: 

  • Consult a local representative in their workplace or one of the Fonds' 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, as well as access their account to make transactions; or
  • Contact Shareholder Services at 1 800 567-FONDS (3663).

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.

Please read the prospectus before investing. Copies of the prospectus may be obtained on its Website, from a local representative or at the offices of the Fonds de solidarité FTQ. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.

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1
To benefit from the 25% tax savings (15% from the Québec government and 10% from the federal government), individuals must declare on their 2015 income tax returns, the Fonds shares purchased in 2015 or in the first 60 days of 2016.

 

SOURCE Fonds de solidarité FTQ

For further information: For media representatives only: Patrick McQuilken, Senior Advisor, Media Relations and ommunications, 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


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