Exchange Capital régional et coopératif Desjardins (CRCD) shares

Exchange Capital régional et coopératif Desjardins (CRCD) shares

The registration period for the 2021 share exchange will run from November 29, 2021, to January 7, 2022.

Share exchange in 2021

  • 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 at least 7 years
  • No capital outlay required and no tax impact upon exchange


Allocation of shares prorated to demand

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

You're eligible if:

  • You are a CRCD shareholder
  • You hold shares eligible for exchange by February 28, 2022 (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 have received your personal transaction code by regular mail

Exchange process

CRCD is authorized to exchange  fifty million dollars annually in 2021 and 2022.

Looking to exchange your eligible shares? You'll need the personal transaction code you will receive in the fall by regular mail to fill out the form on this page or on AccèsD between 9 AM November 29, 2021, and 5 PM January 7, 2022.

Once the exchange request has been accepted, Desjardins will automatically record the transaction.


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

Mandatory holding period

  • At least 7 years
  • 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 investors 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, LIF)


  • Development capital: 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 semi-annually on June 30 and December 31, and announced within 90 days following these dates.

See current share price - External link. This link will open in a new window.

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

You can subscribe to new shares

Exchanging shares is not considered a redemption so you don't lose the tax credit when you subscribe to new shares. You get a tax credit for exchanging and for subscribing to new shares.

Enjoy a tax credit of up to $2,400:

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

Learn more about CRCD - External link. This link will open in a new window.

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.