Surplus shares
This new program exclusive to Desjardins lets members choose to receive their member dividends in the form of shares, which increases the amount.1
You only have to register for the Surplus Shares program2 once; renewal is not required. You can withdraw anytime on or before March 1 of each year.
Read the complete terms (PDF format, 58 KB)
Advantages
- Your member dividends increase by 30%.3
- Possibility of getting 1.3% over the average one-year term savings rate.
- You could get a tax break if you put your shares into a RRSP.
- Can be used to pay back a Home Buyers' Plan (HBP) or Lifelong Learning Plan (LLP).
- An opportunity to contribute to the capitalization of your caisse and bolster its financial standing.
Tax savings
To get a tax refund, you have to contribute to your RRSP without going over your limit. The calculation is based on a 40% marginal tax rate.
If this is not possible, you can transfer your shares into your RRSP in exchange for liquid shares anytime during the year, tax-free.
The figures
The following example illustrates how much surplus shares could earn you.
Member dividend |
30% increase |
Share value |
Tax savings if you contribute to an RRSP |
|---|---|---|---|
Amount of $100 |
$30 |
$130 |
$52 |
Amount of $250 |
$75 |
$325 |
$130 |
Amount of $400 |
$120 |
$520 |
$208 |
$300 |
$1,300 |
$520 |
|
 |
|||
Add the 30% increase and the potential tax savings and imagine how much you could earn in 15 or 20 years!
To find out more about the surplus share program, read the FAQ
1. Shares issued starting in 2007.
2. Each caisse approved a minimum amount per member for the initial subscription (approx. $30).
3. The increase may eventually vary. If it does, participating members will be notified. In accordance with provincial legislation, certain conditions regarding member dividends may differ in Ontario. Please contact
your caisse or your Desjardins Credit Union branch for further information.
