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Capital régional et coopératif Desjardins
2017 share issue
As in 2016, the next issue of CRCD shares will take place in autumn 2017. The limit for the 2017 issue has been set at $135 million by the Québec government, and the tax credit remains at 40%. The annual maximum subscription amount per person will remain at $3,000 to ensure greater accessibility. Pre-subscription will take place via the secure online form that has been used successfully since 2015.
Don’t miss out!
The pre-subscription period will run for three weeks,
from 9 a.m. on Tuesday, September 5 to
midnight on Monday, September 25, 2017.
The purchase process
Pre-subscription terms for the 2017 issue
Québec investors interested in buying CRCD shares have to complete the secure online form during the three-week pre-subscription period from 9 a.m. on Tuesday, September 5, 2017 to midnight. on Monday, September 25, 2017. Investors with no Internet access will be able to stop by the caisse of their choosing for assistance completing the form.
Two different scenarios based on the pre-subscriptions recorded
At the end of the pre-subscription period, if share demand exceeds the authorized capitalization amount of $135 million for the issue, investors will be selected at random from the pool of completed online forms for the caisse to review the pre-subscriptions.
If share demand is less than $135 million at the end of the pre-subscription period, all investors who filled out the online form will obtain an appointment.
Available only in Quebec
- Shares offered exclusively by Desjardins caisses
- Maximum annual investment of $3,000
- Tax credit and potential for long-term returns
Who should get this investment?
Investors who:
- are prepared to accept a certain amount of risk in their investments
- have contributed the maximum to their RRSP and are seeking an additional tax deduction
- are pre-retired or already retired, can no longer contribute to an RRSP and have a high income
- are looking for an additional tax deduction
- contribute a significant amount to their pension fund, which limits their contribution to an RRSP
Features
Eligible investors
- Investors do not have to be members of a Desjardins caisse.
- Individual members and non-members of a Desjardins caisse residing in Quebec as at December 31 of the taxation year for which the tax credit is being claimed are eligible.
Minimum amount
- For the first purchase of each year of issue: $500.
- For subsequent purchases for the same year of issue: multiples of $100.
Eligibility for plans
These shares are not eligible for RRSPs, RRIFs or any other deferred tax plan (LIRA, LIF).
Tax credit
Non-refundable Quebec tax credit1 of 40% (maximum $1,200 per year) with no carry-over from one year to the next.
Returns
- Development capital, return not guaranteed.
- No interest or dividend payments.
Share price
Share price established semi-annually, on June 30 and December 31, and announced within 90 days following these dates.
Redemption terms
- Not transferable to another person, by sale or otherwise.
- Possibility of capital gains at buyback.
Fees
Charge of $50, tax included, required upon opening and upon closing the shareholder's account.
Mandatory holding period
- At least 7 years.
- After having held shares for the mandatory holding period, a shareholder can submit a request to the company for buyback.
- In some cases, Capital régional et coopératif Desjardins shares may be redeemed before the end of the mandatory holding period2.
Other
Transaction notices, semi-annual statements sent to shareholders.
Learn more about features in the short form prospectus.
Learn more about the Capital régional et coopératif Desjardins
Though Desjardins Group promotes Capital régional et coopératif Desjardins, it does not hold any shares.
1. You will not be reimbursed for any portion of the tax credit that cannot be deducted for the calendar year during which you purchased shares and you cannot carry forward this amount to future tax years.
2. The redemption of shares before the end of the 7-year holding period will have tax consequences for the investor, unless the redemption takes place within the prescribed 30-day period following the purchase.