The main eligibility criteria for income tax credits

Eligibility criteria for tax credits are set out in the tax laws of Quebec and Canada.¹

Residence	To reside in Quebec
Age	Be under 65 years of age on December 31st of that year
Amount	The first $5,000 subscribed annually, for all labour-sponsored funds, may qualify for tax credits.
Minimum income	Credits reduce the income tax to be paid, so you must have tax to pay. If you receive retirement income, you must also have employment or business income of more than $3,500.
Taxable income exceeding the prescribed threshold	This limitation does not apply to shares acquired during the first 60 days of 2027 for which tax credits are claimed for the 2026 taxation year. For shares acquired on or after January 1, 2027, for which tax credits are claimed for the 2027 taxation year or a subsequent taxation year, taxable income for the reference year must not exceed the prescribed threshold. For the 2027 taxation year, an individual whose taxable income for 2025 (the reference year) exceeded $129,590 (line 299 of the Revenu Québec notice of assessment) is not eligible for the tax credits.
Retirement or early retirement	Not having redeemed shares in a labour-sponsored fund for retirement or early retirement purposes
Disability	Not having redeemed shares in a labour-sponsored fund due to severe and prolonged disability
Redemption within 60 days	If the right to redeem shares is exercised within 60 days of their subscription, the tax credits relating to the shares subscribed will be lost.

For spousal RRSPs, certain eligibility criteria apply to the situation of the beneficiary spouse.

¹ The above table provides a summary of certain eligibility criteria and does not constitute tax or legal advice. The tax effects may vary depending on your situation. It is your responsibility to check whether or not you are eligible for tax credits. See the prospectus for more information.
^* A maximum of $5,000 in subscribed shares may be taken into account per taxation year, subject to eligibility. Check your eligibility. fondaction.com/taxcredits.
Each indicated rate of return is the historical annual compounded total return including changes in share value and reinvestment of all dividends, as applicable, and does not take into account income taxes payable by any security holder that would have reduced the return. The rate of return serves only to illustrate the effects of the historic growth rate and is not intended to reflect any future share values or the return on an investment in the shares. There are ongoing fees and expenses associated with owning investment fund securities. Fondaction’s shares are not guaranteed. The value and performance of this investment fluctuate; past performance is not an indicator of future results. Before investing, please consult the prospectus at fondaction.com/prospectus.