FAQ - Personal financial products and services - Member dividends

Over the last few years, most of the caisses paid out member dividends.

The money paid out in member dividends comes from caisse surplus earnings over a given fiscal year. This means that is a caisse does not have surplus earnings, it will be unable to pay out member dividends.

For more information, contact an advisor at your caisse.

Contact an advisor at a caisse.

Whether member dividends are taxable or not depends on the product or service they apply to.

Loans and service charges
Member dividends are not taxable and no tax form is issued, unless the interest on the loans or service charges was considered a deductible expense.

Desjardins Funds and Northwest Funds
If you receive member dividends in excess of $100, you'll be issued a T4A/Relevé 1 form and be subject to federal withholding tax of 15% on the excess amount. These dividends are taxable regardless of the amount and whether or not a tax form was issued.

Savings on caisse accounts (excluding funds held at Desjardins Trust)
When annual interest income, including member dividends, exceeds $50, the caisse reports the earnings on a T5/Relevé 3 form. These dividends are taxable regardless of the amount and whether or not a tax form was issued.

For more information, please call 1-800-CAISSES (1-800-224-7737).

Find out more about member dividends.

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