What are the tax credits for labour-sponsored funds in Québec?
Québec has two non-refundable tax credits if you acquire shares in labour-sponsored funds. These credits encourage investment in the local economy.
They are based on shares from:
The Fonds de solidarité des travailleurs du Québec (FTQ)
Le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l'emploi (Fondaction)
The maximum available credit is $1,000 (20% of the purchase price of shares, for total purchases of up to $5,000).
You can claim either of these credits if you meet both requirements:
During the tax year or within the first 60 days of the following year, as the first purchaser, you acquired one of the following:
Class A shares in FTQ
Class A or class B shares in Fondaction
You don’t fall into any of the restrictions set by Revenu Québec.
For more information, visit The tax credit for labour-sponsored funds on Revenu Québec.
