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.