FAQ – New Features
Lifetime subscription limit
The Government of Québec has introduced a lifetime subscription limit of $45,000. This means that any shareholder who has personally subscribed for an amount equal to or greater than this threshold will no longer be eligible to acquire new shares.
The limit is based on the acquisition cost of the shares, not their fair market value. Shares received through inheritance are not included in the calculation.
Yes, shareholders who have not reached the cumulative limit of $45,000 may continue to subscribe.
You can refer to your investment statement:
- Look for the column titled “Total Average Cost per Year of Issue/Exchange ($)”.
- Add the amounts for Category A Shares – Issuance and, if applicable, Category B Shares – Exchange.
Note: This method does not apply to shares received through inheritance.
Yes, a postal communication will be sent to affected shareholders at the end of August.
Authorized Issuance Amount
For 2025, the amount is set at $150 million and will be indexed annually, ensuring greater product availability in the coming years.
Yes, for the 2025 issuance period running from March 1, 2025, to February 28, 2026.
The pre-subscription period for the 2025 issuance will be held from September 2 to September 23, 2025.
Tax Credit
The tax credit for subscribing to new shares is now set at 25%.
No. If you have reached or exceeded the $45,000 limit, you are no longer eligible to subscribe to new shares and therefore cannot benefit from the tax credit.
Yes, the revocation of the tax credit remains applicable in the event of a share redemption.
Yes. The tax credit is determined by the government and may be subject to change.
No. The share price and CRCD’s return are not impacted by this change.