{"id":7547,"date":"2025-03-26T21:54:19","date_gmt":"2025-03-27T01:54:19","guid":{"rendered":"https:\/\/www.paulrioux.ca\/?page_id=7547\/"},"modified":"2026-05-22T14:58:41","modified_gmt":"2026-05-22T18:58:41","slug":"workers-workers-fund-ftq-csn","status":"publish","type":"page","link":"https:\/\/www.paulrioux.ca\/en\/guide\/workers-workers-fund-ftq-csn\/","title":{"rendered":"Workers&#8217; Fund, FTQ, CSN"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row][vc_column][vc_column_text css=&#8221;.vc_custom_1743133145539{margin-bottom: 0px !important;}&#8221;]\n<h2 class=\"blog-single-title\">Fiscal and Financial Planning Guide 2024-2025<\/h2>\n<h3>Workers &gt; Worker&#8217;s Fund, FTQ, CSN<\/h3>\n<p><strong>History<\/strong><\/p>\n<p>Labour-sponsored funds were created in the wake of the economic crisis of the early 1980s, to support Quebec businesses and prevent major job losses.<\/p>\n<p>The Fonds de solidarit\u00e9 FTQ was first created in 1983, and the Fondaction CSN several years later, in 1996.<\/p>\n<p><strong>Tax credits<\/strong><\/p>\n<p>The purchase of shares in labour-sponsored funds entitles the buyer to a 30% tax credit, i.e. 15% at the federal level and 15% in Qu\u00e9bec. The maximum annual limit for the purchase of fund shares is $5,000, giving a maximum credit of $1,500.<\/p>\n<p>In addition, shares are RRSP-eligible, which can represent total tax savings of between 58% to 83%, as illustrated in the table below[\/vc_column_text][vc_single_image image=&#8221;9154&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_cta h2=&#8221;&#8221; css=&#8221;&#8221;]<strong>High-income individuals<\/strong><\/p>\n<p>The Quebec government has announced that, starting in 2027, individuals with a net income of over $129,590 in 2025 (corresponding to the income at which the maximum tax rate applies) will no longer be entitled to the 15% Quebec tax credit associated with labour-sponsored funds. Income will be determined on the basis of the tax deduction for the 2nd preceding year, i.e. 2025.[\/vc_cta][vc_column_text css=&#8221;.vc_custom_1779476098404{margin-bottom: 0px !important;}&#8221;]<strong>Long-term investment<\/strong><\/p>\n<p>Generally speaking, shares have be held until retirement although there are several exceptions where shares can be sold before retirement.<\/p>\n<p>For example :<\/p>\n<ul>\n<li>Purchase of a first home under the Home Buyers&#8217; Plan (HBP);<\/li>\n<li>Returning to full-time studies;<\/li>\n<li>Leaving Canada;<\/li>\n<li>Illness;<\/li>\n<li>Death.<\/li>\n<\/ul>\n<p><strong>Extended maximum holding period<\/strong><\/p>\n<p>The minimum holding period to qualify for the credit is gradually extended from 2 to 5 years for shares acquired from June 1, 2024, 2025 and 2026.<\/p>\n<p><strong>To invest in Labor-sponsored funds or not?<\/strong><\/p>\n<p>Given the obligation to hold shares until retirement, it may be more prudent to wait until you&#8217;re within around 10 years of retirement before acquiring shares in the funds, in order to limit the risks associated with prolonged holding.<\/p>\n<p>Shares are eligible for the <strong>Home Buyers&#8217; Plan (HBP)<\/strong>.<\/p>\n<p>Shares can be sold and amounts withdrawn from RRSPs (maximum $60,000) when purchasing a first home. The amount withdrawn from the RRSP must be repaid to the RRSP over a 15-year period, and used to acquire new Labour Sponsored Funds shares. This could be of interest to young adults saving for their first home.<\/p>\n<p>People who have difficulty saving and are unable to contribute to a traditional RRSP could consider Labour Sponsored Funds shares, which, given the larger deductions, could enable them to contribute to an RRSP while respecting their ability to save.<\/p>\n<p><strong>Lump-sum contributions and deductions<\/strong><\/p>\n<ul>\n<li>FTQ Fund<\/li>\n<\/ul>\n<p>Since the pandemic, the FTQ Fund has limited lump-sum contributions (max $5,000) and monthly deposits from bank accounts. However, people who were already making monthly contributions can continue to do so. For new contributions, the FTQ Fund periodically holds a draw for random allocation. Unfortunately, the most recent draw has ended, since registration was required for the period of October 6<sup>th<\/sup>, 2025, to January 26<sup>th<\/sup>, 2026. Interested parties should check the FTQ Fund website from time to time for future draw periods.<\/p>\n<ul>\n<li>Fondaction CSN<\/li>\n<\/ul>\n<p>Lump-sum contributions or monthly transfers are still allowed by Fondaction.[\/vc_column_text][vc_single_image image=&#8221;9151&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][mk_button dimension=&#8221;two&#8221; corner_style=&#8221;rounded&#8221; size=&#8221;large&#8221; icon=&#8221;mk-icon-arrow-left&#8221; url=&#8221;\/en\/fiscal-and-financial-planning-guide\/&#8221;]Back[\/mk_button][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text css=&#8221;.vc_custom_1743133145539{margin-bottom: 0px !important;}&#8221;] Fiscal and Financial Planning Guide 2024-2025 Workers &gt; Worker&#8217;s Fund, FTQ, CSN History Labour-sponsored funds were created in the wake of the economic crisis of the early 1980s, to support Quebec businesses and prevent major job losses. The Fonds de solidarit\u00e9 FTQ was first created in 1983, and the Fondaction CSN [&hellip;]<\/p>\n","protected":false},"author":124,"featured_media":0,"parent":7402,"menu_order":23,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-7547","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Workers&#039; Fund, FTQ, CSN | Paul Rioux CA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.paulrioux.ca\/en\/guide\/workers-workers-fund-ftq-csn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Workers&#039; Fund, FTQ, CSN | Paul Rioux CA\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column][vc_column_text css=&#8221;.vc_custom_1743133145539{margin-bottom: 0px !important;}&#8221;] Fiscal and Financial Planning Guide 2024-2025 Workers &gt; Worker&#8217;s Fund, FTQ, CSN History Labour-sponsored funds were created in the wake of the economic crisis of the early 1980s, to support Quebec businesses and prevent major job losses. The Fonds de solidarit\u00e9 FTQ was first created in 1983, and the Fondaction CSN [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.paulrioux.ca\/en\/guide\/workers-workers-fund-ftq-csn\/\" \/>\n<meta property=\"og:site_name\" content=\"Paul Rioux CA\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-22T18:58:41+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.paulrioux.ca\\\/en\\\/guide\\\/workers-workers-fund-ftq-csn\\\/\",\"url\":\"https:\\\/\\\/www.paulrioux.ca\\\/en\\\/guide\\\/workers-workers-fund-ftq-csn\\\/\",\"name\":\"Workers' Fund, FTQ, CSN | Paul Rioux CA\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.paulrioux.ca\\\/#website\"},\"datePublished\":\"2025-03-27T01:54:19+00:00\",\"dateModified\":\"2026-05-22T18:58:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.paulrioux.ca\\\/en\\\/guide\\\/workers-workers-fund-ftq-csn\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.paulrioux.ca\\\/en\\\/guide\\\/workers-workers-fund-ftq-csn\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.paulrioux.ca\\\/en\\\/guide\\\/workers-workers-fund-ftq-csn\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.paulrioux.ca\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Guide\",\"item\":\"https:\\\/\\\/www.paulrioux.ca\\\/en\\\/guide\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Workers&rsquo; Fund, FTQ, CSN\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.paulrioux.ca\\\/#website\",\"url\":\"https:\\\/\\\/www.paulrioux.ca\\\/\",\"name\":\"Paul Rioux CA\",\"description\":\"Planification financi\u00e8re et fiscale\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.paulrioux.ca\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Workers' Fund, FTQ, CSN | Paul Rioux CA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.paulrioux.ca\/en\/guide\/workers-workers-fund-ftq-csn\/","og_locale":"en_US","og_type":"article","og_title":"Workers' Fund, FTQ, CSN | Paul Rioux CA","og_description":"[vc_row][vc_column][vc_column_text css=&#8221;.vc_custom_1743133145539{margin-bottom: 0px !important;}&#8221;] Fiscal and Financial Planning Guide 2024-2025 Workers &gt; Worker&#8217;s Fund, FTQ, CSN History Labour-sponsored funds were created in the wake of the economic crisis of the early 1980s, to support Quebec businesses and prevent major job losses. The Fonds de solidarit\u00e9 FTQ was first created in 1983, and the Fondaction CSN [&hellip;]","og_url":"https:\/\/www.paulrioux.ca\/en\/guide\/workers-workers-fund-ftq-csn\/","og_site_name":"Paul Rioux CA","article_modified_time":"2026-05-22T18:58:41+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.paulrioux.ca\/en\/guide\/workers-workers-fund-ftq-csn\/","url":"https:\/\/www.paulrioux.ca\/en\/guide\/workers-workers-fund-ftq-csn\/","name":"Workers' Fund, FTQ, CSN | Paul Rioux CA","isPartOf":{"@id":"https:\/\/www.paulrioux.ca\/#website"},"datePublished":"2025-03-27T01:54:19+00:00","dateModified":"2026-05-22T18:58:41+00:00","breadcrumb":{"@id":"https:\/\/www.paulrioux.ca\/en\/guide\/workers-workers-fund-ftq-csn\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.paulrioux.ca\/en\/guide\/workers-workers-fund-ftq-csn\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.paulrioux.ca\/en\/guide\/workers-workers-fund-ftq-csn\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.paulrioux.ca\/"},{"@type":"ListItem","position":2,"name":"Guide","item":"https:\/\/www.paulrioux.ca\/en\/guide\/"},{"@type":"ListItem","position":3,"name":"Workers&rsquo; Fund, FTQ, CSN"}]},{"@type":"WebSite","@id":"https:\/\/www.paulrioux.ca\/#website","url":"https:\/\/www.paulrioux.ca\/","name":"Paul Rioux CA","description":"Planification financi\u00e8re et fiscale","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.paulrioux.ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.paulrioux.ca\/en\/wp-json\/wp\/v2\/pages\/7547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paulrioux.ca\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.paulrioux.ca\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.paulrioux.ca\/en\/wp-json\/wp\/v2\/users\/124"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paulrioux.ca\/en\/wp-json\/wp\/v2\/comments?post=7547"}],"version-history":[{"count":9,"href":"https:\/\/www.paulrioux.ca\/en\/wp-json\/wp\/v2\/pages\/7547\/revisions"}],"predecessor-version":[{"id":9156,"href":"https:\/\/www.paulrioux.ca\/en\/wp-json\/wp\/v2\/pages\/7547\/revisions\/9156"}],"up":[{"embeddable":true,"href":"https:\/\/www.paulrioux.ca\/en\/wp-json\/wp\/v2\/pages\/7402"}],"wp:attachment":[{"href":"https:\/\/www.paulrioux.ca\/en\/wp-json\/wp\/v2\/media?parent=7547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}