Redeeming Capital régional et coopératif Desjardins (CRCD) shares

Redeeming Capital régional et coopératif Desjardins (CRCD) shares

Want to make a share redemption request? Here’s how it works, with some tax considerations to keep in mind.

Redemption after 7 years

You must hold your CRCD shares for at least 7 years. You can ask to redeem your shares after this mandatory holding period. Contact your caisse advisor to discuss what's best based on your investment profile and your plans.

Features

  • You can request a total or partial redemption
  • Shares are not transferable to another person, by sale or otherwise
  • An administrative fee of $50 is payable on closing the account

Tax considerations

  • Tax credit cannot be claimed for the current tax year or any subsequent tax year on any new subscription or exchange.
  • Capital gains or losses may occur at redemption. Capital gains are taxable and must be reported in your tax return. A loss for tax purposes must be reduced by any tax credit already obtained.
  • A tax slip is issued so you can declare securities transactions for the tax year in which shares were redeemed.

Learn more about share redemption tax considerations - External link. This link will open in a new window.

How to request share redemption

If you are a Desjardins member, you can ask to redeem shares on AccèsD. The redemption amount will be deposited directly to your account.

  1. Log in to AccèsD.
  2. On the AccèsD overview page, select the Savings and investment tab.

  3. Under Capital régional et coopératif Desjardins, click Options and then select Apply for share redemption after 7 years.

  4. Complete your request as instructed.

Not a Desjardins member? Have questions? Contact an advisor to discuss your options.

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Redemption before 7 years

In certain exceptional cases, you may request that your shares be redeemed or purchased by agreement by CRCD before the redemption eligibility date:

  • Within 30 days of subscription or exchange
  • Absence of tax credit (tax credit not received)
  • Death
  • Severe and permanent mental or physical disability
  • Emigration from Canada
  • Terminal illness
  • Urgent need for cash

Terms and conditions apply. You must show proof that requirements for the exception have been met. If your request is accepted, shares are generally redeemed no more than 30 days after all the required documents have been submitted.

Learn more about exceptions for redeeming shares - External link. This link will open in a new window.

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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, 354 KB) - External link. This link will open in a new window..