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Fonds shares are a popular investment because in addition to the tax benefits individuals obtain for buying an RRSP, they also receive two additional tax credits: 15% from each government (Québec and Canada) on the first $ 5,000 invested each year. Fonds shares cannot be sold before retirement except
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Fonds shares, which are eligible for the
Registered Retirement Savings Plan (RRSP), can be purchased by any Québec taxpayer either through payroll deduction – available in unionized companies or government organizations (an FTQ-affiliated or other union), – preauthorized withdrawals, or a lump sum
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In keeping with its mission, the Fonds makes investments in all types of businesses, with or without a guarantee. However, in any given year, the proportion of unsecured investments in eligible companies must represent, on average, at least 60% of its average net assets of the previous year.
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June 1982 : Launch of the Corvée-Habitation project, a partnership between construction workers, unionized workers, businesses and governments that would save over 57,000 jobs during the three-year economic crisis and give homebuyers access to financing below the market
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The Fonds de solidarité FTQ was constituted on June 23, 1983 by an act of the Québec
National Assembly, then headed by the René Lévesque government. The initial capital came from workers affiliated to FTQ that was complemented by provincial and federal governments.
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1990 : The Fonds teams up with the Union des municipalités régionales de comté (UMRCQ) to create société en commandite SOLIDEQ, charged with creating the SOLIDES, today known as the Fonds locaux de solidarité FTQ
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For the last 5 years, the Fonds had invested an average of $ 771 million per year in Québec companies. It is a partner, either directly or through one of its network members, in over 2,839 Québec companies.
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In its 36-year history, the Fonds has sold $ 16.7 billion in shares. The Fonds relies on a network of over 2,600 local representatives—unionized employees who promote the Fonds RRSP in their workplace.
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October 1982 : Closure of several plants in Sept-Îles that had been bought out by workers to save their jobs. Facing bankruptcy, workers not only lost their savings but their livelihoods as well.
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June 1983 : The Fonds de solidarité FTQ is created through Bill 192. Louis
Laberge declares, "The Fonds will be a profitable entity, not a charitable organization or a subsidy agency."
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2005 : Québec's
Department of Finance announces changes to the Fonds’ investment rules, allowing it to increase its investments in larger companies.
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convinces the FTQ General
Council to create the Fonds in order to share the risk and make investments in SMEs in order to create and maintain jobs.
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under certain conditions such as loss of employment, participation in the federal government's Home Buyers’ Plan, and disability.
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The only development capital organization with sector expertise, the Fonds invests in the most important sectors of the
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Headquartered in Montréal, the Fonds de solidarité FTQ has a network of independent organizations that includes 16
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As of
November 30, 2022, the Fonds held $ 17.8 billion in net assets and had more than 753,000 owner-shareholders.
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1990 : Creation of SOLIM, a real estate investment fund known today as Fonds immobilier de solidarité FTQ.
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writes 20-page report to propose creation of a 750 million dollar fund much like the one later proposed by FTQ.
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June 1983 : The Québec and federal governments each contribute $ 10 million to launch the Fonds.
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December 1984 : The Fonds makes its first investment: $ 500,000 in
Scierie des Outardes.
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January 1985 : The Fonds launches its first advertising campaign for its RRSP.
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1999 : Henri Massé becomes
President of the FTQ and Chairman of the Fonds.
778:"Act to establish the Fonds de solidarité des travailleurs du Québec (F.T.Q.)"
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The Fonds de solidarité FTQ specializes in 25 sectors of the Québec economy:
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1997 : Raymond
Bachand replaces Claude Blanchet as President and CEO.
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2000 : Over 20% of Canada's venture capital is managed by the Fonds.
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that would last 18 months and see business interest rates climb to 25%.
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2019 : Net assets reach $ 16.7 billion. As at
November 30, 2019
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2018 : Net assets reach $ 14.8 billion. As at November 30, 2018
826:"Under what conditions can I withdraw the money held in my RRSP+?"
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1996 : Creation of the Fonds régionaux de solidarité FTQ .
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1982 : Québec Summit: The FTQ looks for ways to save jobs.
802:"Fonds FTQ | Company vision and mission statement |Who we are"
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February 23, 1985 : First Annual Meeting of Shareholders.
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The largest development capital network in the province, the
732:"Solidarité inc. Un nouveau syndicalisme créateur d'emplois"
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1986 : Introduction of economic education for workers.
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2006 : Yvon Bolduc takes over the helm at the Fonds.
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1998 : The Fonds celebrates its 15th anniversary.
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1997 : Introduction of the Shareholder's Booklet.
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2002 : Pierre Genest becomes President and CEO.
711:. Financial information - Fonds de solidarité FTQ .
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507:2009 : The Fonds becomes a signatory to the
498:2002 : Shareholder base surpasses 500,000.
16:Québec-based development capital organization
8:
524:2017 : Net assets reach $ 13.7 billion.
235:
720:Graham Fraser's bio of René Lévesque, p.327
684:payment. Anyone can purchase Fonds shares.
495:2002 : Net assets reach $ 4.5 billion.
53:Learn how and when to remove these messages
234:
223:Learn how and when to remove this message
205:Learn how and when to remove this message
103:Learn how and when to remove this message
627:Transportation equipment and automobiles
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609:Construction and construction material
352:, Québec's largest central labour body
253:Company created by special legislation
348:was created on the initiative of the
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143:adding citations to reliable sources
730:Côté, Luc; Fournier, Louis (1993).
549:Fonds immobilier de solidarité FTQ
337:Registered Retirement Savings Plan
75:tone or style may not reflect the
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34:This article has multiple issues.
624:Printing machinery and equipment
517:2010 : The Fonds joins the
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85:guide to writing better articles
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867:Venture capital firms of Canada
615:Distribution and consumer goods
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42:or discuss these issues on the
545:Fonds locaux de solidarité FTQ
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862:1983 establishments in Quebec
418:1981 : Beginning of an
519:Global Reporting Initiative
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708:Fonds de solidarité FTQ.
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154:"Fonds de solidarité FTQ"
857:Canadian Labour Congress
872:Institutional investors
830:Fonds de solidarité FTQ
806:Fonds de solidarité FTQ
654:Transportation services
394:converting this article
346:Fonds de solidarité FTQ
275:June 23, 1983
236:Fonds de solidarité FTQ
79:used on Knowledge (XXG)
782:legisquebec.gouv.qc.ca
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630:Furniture and fixtures
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83:See Knowledge (XXG)'s
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261:Development capital
139:improve this article
736:Labour / Le Travail
328:President & CEO
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666:Business transfers
657:Financial services
573:Business financing
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621:Environment
310:Area served
851:Categories
811:2019-06-19
787:2019-06-19
696:References
322:Key people
279:1983-06-23
165:newspapers
39:improve it
756:0700-3862
600:Agri-food
597:Aerospace
585:economy.
45:talk page
764:25143698
663:Textiles
639:Plastics
606:Chemical
564:60% rule
547:and the
333:Products
292:Montreal
258:Industry
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612:Culture
535:Network
362:History
277: (
272:Founded
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