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As a shareholder, you have access to a range of Bâtirente products and services.*
Retiring
In order to submit a cash-out application for your RRSP or non-RRSP shares, or to deposit them into another RRSP or into an RRIF, you must generally have held the shares for at least 2 years, fulfil the necessary requirements and provide the required documentation. Your eligibility will be reviewed once your application is complete. See the prospectus for details.
How do I submit an application?
- Complete and sign the form directly on the PDF document or print a hard copy. Electronic signatures are accepted.
- Refer to our FAQ for the types of signatures accepted: fondaction.com/faq/types-signatures-admis/ (in French)
- Send the form and any other required documents by clicking here: secure online portal
or
by mail : Fondaction – Shareholder Services
2175 De Maisonneuve Boulevard East, suite 103, Montréal (Québec) H2K 4S3
Forms :
In accordance with the Charter of the French Language, by clicking on the hyperlink below, you recognize that the French version of the document has been remitted to you through the hyperlink above.
Check your eligibility and the required evidence
Requirements and eligibility
- You’re between 60 and 64 years old
- You’re receiving a QPP retirement pension or you’ll begin receiving one within 3 months.
- Your RRSP or non-RRSP shares must have been invested for at least 2 years.
Required evidence
Any one of the following documents that shows you’re receiving the retirement pension:
- Letter – Notice of acceptance – QPP ( see an example [in French] )
- Letter confirming that the QPP pension has been changed ( see an example [in French] )
- RL slip ( see an example [in French]) ) or T4A (P) slip – QPP ( see an example [in French] )
- Copy of a QPP pension cheque
Requirements and eligibility
- You’re between 55 and 64 years old
- You’re receiving a pension from an employer’s registered pension plan (RPP) or you’ll begin receiving one within 3 months.
- Your RRSP or non-RRSP shares must have been invested for at least 2 years.
Required evidence
Only one of the following documents:
- RL slip or T4A slip from an RPP ( see an example [in French] )
- Notice of acceptance or modification of an RPP ( see an example [in French] )
- Written statement from the employer confirming the retirement ( see an example [in French] )
Requirements and eligibility
- You’re between 45 and 54 years old.
- You’re receiving a pension from an employer’s registered pension plan (RPP) or you’ll begin receiving one within 3 months.
- Your RRSP or non-RRSP shares must have been invested for at least 2 years.
Required evidence
Only one of the following documents:
- Payment from my employer’s pension plan: RL slip ( see an example [in French] ), T4A slip ( see an example [in French] ) or pension cheque ( see an example [in French] )
- Statement from my employer confirming my retirement ( see an example [in French] ) AND copy of the text of my RPP.
Requirements and eligibility
- You’re between 55 and 64 years old
- You’re receiving periodic payments (at least 4 payments per year) from an RRIF-LIF, an RRSP or a DPSP, or you’ll start receiving them within 3 months.
- Your RRSP or non-RRSP shares must have been invested for at least 2 years.
Required evidence
Only one of the following documents:
- Periodic payout agreement with the financial institution( see an example [in French] )
- Written statement from the financial institution ( see an example [in French] )
Requirements and eligibility
- You’re between 50 and 64 years old
- You’ve stopped working.
- Your earned income will not exceed 25% of the QPP’s maximum pensionable earnings (MPE) during the 12 months following the cash-out application.
- Your RRSP or non-RRSP shares must have been invested for at least 2 years.
Required evidence
Only one of the following documents:
- Record of employment ( see an example [in French] ) AND QPP statement of participation if the date of termination of employment was more than 2 years ago ( see an example [in French] ) .
- Written statement from the employer confirming the termination of employment ( see an example [in French] ) AND QPP statement of participation if the date of termination of employment was more than 2 years ago ( see an example [in French] ) .
Requirements and eligibility
- You’re between 50 and 64 years old.
- You were self-employed or a business owner who has terminated their professional activitie.
- Your earned income will not exceed 25% of the QPP’s maximum pensionable earnings (MPE) during the 12 months following the cash-out application
- Your RRSP or non-RRSP shares must have been invested for at least 2 years
Required evidence
You were self-employed
Send us one of the following documents:
- Notice of amendment of professional insurance ( see an example [in French] )
- Termination of contracts ( see an example [in French] )
- Notice striking the business off the register ( see an example [in French] )
You were a business owner
Send us one of the following documents:
- Notice striking the business off the register ( see an example [in French] )
- Notice of dissolution ( see an example [in French] )
- Amending declaration
- Deed of sale ( see an example [in French] )
A shareholder can apply for share redemption from the age of 65, regardless of their retirement status.
Eligibility and cash-out application form (in French)
Income taxes due
When you cash out an RRSP, the amount withdrawn is taxable under tax laws. Fondaction therefore withholds the applicable income taxes, just like any other financial institution, based on the amount withdrawn. You must report the amounts you’ve withdrawn from your RRSP on your tax returns. These amounts must be included in your income.
Income taxes withheld on amounts withdrawn from an RRSP. These figures are subject to change.
| Residents of Québec | Residents of other Canadian provinces |
|||
|---|---|---|---|---|
| Amount withdrawn (gross) | Québec | Canada | Total | Canada |
| $5,000 or less | 14% | 5% | 19% | 10% |
| $5,000.01$ à $15,000 | 14% | 10% | 24% | 20% |
| $15,000.01 or more | 14% | 15% | 29% | 30% |
Good to know
Tax credits
When you redeem your RRSP or non-RRSP shares for retirement, early retirement, or upon reaching age 65, you’ll no longer be eligible for labour-sponsored fund tax credits for the current year and subsequent years.
Transfer of an RRSP
If you transfer the proceeds from the cash-out of your RRSP shares to another RRSP, an annuity or an RRIF, no taxes are withheld.
Share price upon cash-out
Your RRSP or non-RRSP shares are redeemed at the current share price.
The share price is determined twice a year, based on the financial statements as at November 30 and May 31. Fondaction plans to announce this price in a press release in December and June. Applications submitted between December 1st or June 1st and the publication of the press release announcing the new share price may be redeemed at the higher price by specifying on the form that the application should be processed when the share price changes.
- The Comité syndical national de retraite Bâtirente inc. (“Bâtirente”) is a financial services firm registered with the Autorité des marchés financiers. It distributes only the Bâtirente plans whose administration is entrusted exclusively to Desjardins Financial Security Life Assurance Company. Fondaction and Bâtirente are two entities created at the initiative of the CSN maintaining privileged business ties. They are co-policyholders of a group annuity contract allowing Fondaction shareholders, acting collectively to foster a positive transformation of the economy, to access an expanded range of financial products. Your personal information will not be shared between the two entities without your consent.