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Capital régional et coopératif Desjardins

Thank You Francine, the pre-subscription period is over

2016 share issue

The pre-subscription period is now completed. Hence, it is no longer possible to access the online form.

The demand for shares outstripped the 2016 issue limit by $9 million.

Investors who can purchase shares were selected at random on September 29, 2016 from among those who completed the online pre-subscription form.

Next steps

  • The lists of investors selected will be communicated to the caisses during the week of October 3, 2016.
  • The investors selected at random will be offered an appointment at their chosen caisse between October 11, 2016 and November 25, 2016 to make a formal application for subscription and verify if the product is suited to their situation.
  • Investors who were not selected will be informed by letter or email starting on October 11.

For more details, read the press release

The purchase process

Pre-subscription terms for the 2016 issue

Québec investors interested in buying CRCD shares had to complete the secure online form during the three-week pre-subscription period from 9 a.m. on Tuesday, September 6, 2016 to 9 a.m. on Monday, September 26, 2016. Investors with no Internet access were 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 exceeded the authorized capitalization amount of $135 million for the issue, investors were to be selected at random from the pool of completed online forms for the caisse to review the pre-subscriptions.

If share demand was less than $135 million at the end of the pre-subscription period, all investors who filled out the online form would have obtained 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.

See current share price

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.

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