Exchange Capital régional et coopératif Desjardins (CRCD) shares

Exchange Capital régional et coopératif Desjardins (CRCD) shares

The registration period for the next share exchange will run from November 28, 2022, to January 6, 2023.

Share exchange in 2022

  • New 7-year holding period required
  • Quebec tax credit worth 10% of the value of the exchanged shares
  • Option to exchange up to $15,000 for shares held for 7 years or more
  • No capital outlay required and no tax impact upon exchange

You're eligible if:

  • You are a CRCD shareholder
  • You hold shares eligible for exchange by February 28, 2023 (that is, shares that have been held for at least 7 years)
  • You have never redeemed CRCD shares
  • You are willing to hold your exchanged shares for an additional 7-year period
  • You receive a personal transaction code by mail in the weeks before the exchange registration period

Exchange process

CRCD is authorized by the government to exchange $50 million annually in 2021 and 2022.

Looking to exchange your eligible shares? We'll mail you a personal transaction code in the fall. Using the code, fill out the secure form on this page or on AccèsD between November 28, 2022, and 5 PM on January 6, 2023.

If demand for exchange shares exceeds the authorized limit of $50 million, the shares will be allocated on a pro rata basis among all shareholders who have expressed interest. Those shareholders will then be advised of the share amount allocated to them.

If demand is less than $50 million, all exchange requests will be accepted.

Desjardins will automatically record the exchanges made.


CRCD shareholders who have held shares for at least 7 years and have never requested redemption

Mandatory holding period

  • 7 years or more
  • In some cases, shares may be redeemed before the end of the mandatory holding period

Minimum and maximum

The minimum value to request the exchange is $500. The maximum authorized exchange value is $15,000. Share allocation will be prorated among all shareholders who have expressed interest.

Tax credit

Non-refundable Quebec tax credit worth 10% of the value of the exchanged shares which cannot be carried forward year to year, but may be transferred to spouses

Ineligibility for plans

Not eligible for RRSPs, RRIFs or any other deferred tax plan (LIRA and LIF)


  • Return not guaranteed
  • No interest or dividend payments

Share price

The price of exchanged shares is always the same as the price of other shares. Share price is established twice a year, on June 30 and December 31, and announced within 90 days following these dates.

See current share price - External link.

Total or partial redemption

  • No tax impact upon exchange
  • Shares not transferable to another person, by sale or otherwise
  • Possibility of capital gains or losses at redemption of exchanged shares
  • After a redemption, loss of tax credit for the current tax year or any subsequent tax year on any new subscription or exchange
Learn more about redeeming shares

Notices and statements

Transaction notices and semi-annual statements sent to shareholders

Exchange and subscribe to new shares

Exchanging shares is not considered a redemption so the value of the exchanged shares does not affect your tax credit when you subscribe to new shares. You get a tax credit of up to $2,400 for exchanging and for subscribing to new shares:

  • $1,500 for exchanging shares valued at $15,000
  • $900 for purchasing $3,000 worth of new shares

Learn more about CRCD - External link.

Contact us

CRCD shares are not guaranteed; their value fluctuates frequently and their past performance is not indicative of future returns. Investment fees may apply. See prospectus (PDF, 473 KB) - This link will open in a new window.