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Buying Shares

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2017 share issue

As in 2016, the next issue of CRCD shares will take place in autumn 2017. The limit for the 2017 issue has been set at $135 million by the Québec government, and the tax credit remains at 40%. The annual maximum subscription amount per person will remain at $3,000 to ensure greater accessibility. Pre-subscription will take place via the secure online form ( that has been used successfully since 2015.

Don’t miss out!

The pre-subscription period will run for three weeks,
from 9 a.m. on Tuesday, September 5 to
midnight on Monday, September 25, 2017.

The purchase process

Pre-subscription terms for the 2017 issue

Québec investors interested in buying CRCD shares have to complete the secure online form during the three-week pre-subscription period from 9 a.m. on Tuesday, September 5, 2017 to midnight. on Monday, September 25, 2017. Investors with no Internet access will be able to stop by the caisse of their choosing for assistance completing the form.

Two different scenarios based on the demand

At the end of the pre-subscription period, if share demand exceeds the authorized capitalization amount of $135 million for the issue, investors will be selected at random from the pool of completed online forms for the caisse to review the pre-subscriptions. 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 $135 million at the end of the pre-subscription period, all investors who filled out the online form will obtain an appointment.

Appointment period

Investors selected will be contacted by their chosen caisse on the pre-subscription for to set up an appointment between October 10 and November 24, 2017.


In the event of withdrawals from selected investors, the next investors on the originally prepared list will be contacted in turn until the full amount of the authorized capitalization of $135 million has been reached.

For a list of caisses

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) to a maximum $3,000
  • Non-refundable tax credit in Québec of 40% of the amount invested (maximum tax credit of $1,200)
  • 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