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Buying Shares

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2018 share issue

New provisions following the provincial Budget Speech

  • The authorized amount for the 2018 issue is increased to $140 million
  • The tax credit is set at 35%
  • The annual maximum subscription will be set later

Read the press release

The full subscription terms and key dates have not been fixed yet. The pre-subscription period during which you can register should begin next September. A press release will be published for this purpose.

Acquisition process

As in previous years, in order to obtain shares, you will need to fill in the secure web form during the pre-subscription period, the dates of which are to be determined.

Two different scenarios based on the demand

  • At the end of the pre-subscription period, if share demand exceeds the authorized capitalisation amount for the issue, investors will be selected at random from the pool of completed online forms to review their pre-subscription. This will create a random list of all received requests to determine the priority order of the selected investors.
  • If share demand is less than the authorized capitalisation amount at the end of the pre-subscription period, all investors who filled out the online form may obtain shares.

Product features

  • Available to all Québec taxpayers (deemed residents of Québec as at December 31 for tax purposes), members of Desjardins or not
  • Minimum annual purchase of $500 (and in units of $100 after that). Maximum to be determined in the next few weekds
  • Non-refundable tax credit in Québec of 35% of the amount invested
  • Tax credit may be transferred between spouses, but not carried forward to a subsequent tax year
  • Seven-year holding period
  • Investment is independent of workers’ funds (which means investors can subscribe for shares in a workers’ fund as well as shares of CRCD)
  • Not eligible for TFSAs, RRSPs, RRIFs or any other registered plan
  • Return not guaranteed, potential capital gain or loss on redemption
  • On redemption, loss of tax credit on any new subscription
  • Administrative charges of $50 (taxes included) are payable on account opening and closing

Investment advantages

  • You have a high taxable income
  • Your RRSP no longer gives you income tax savings
  • You are looking for ways to reduce your tax bill
  • You want to diversify your portfolio
  • You want an attractive tax credit and long-term return potential
  • You are interested in contributing to the growth and continuity of Québec companies and cooperatives