Purchase shares
The first subscription phase for the 2024 issue is underway.
If you're selected as an investor, you can subscribe until 4 PM on October 28, 2024.
Pre-subscription
The pre-subscription allows you to let us know you're interested in buying CRCD shares.
For the 2024 share issue, the pre-subscription was held from August 26, 2024, 9 a.m. to September 16, 2024, at 4 p.m. During this period, interested people had to complete a request using the secure form available on this page or on the Desjardins website.
Purchase process
If demand for shares exceeds the allowed amount, a random selection process will be use among people who have completed the pre-subscription form.
If demand for shares is less than the allowed amount, all investors who have complete the form will be able to buy shares.
As demand has exceeded the authorized amount this year, a random selection was held on September 23. Investors have been notified of each round result by email or mail.
Subscription
All selected investors, whether or not they are already CRCD shareholders, will be able to subscribe directly online via AccèsD, without having to make an appointment at a caisse starting on September 25, 2024, at 9 AM.
Investors who do not use AccèsD or wish to obtain financial advice or support should contact a Desjardins caisse to make an appointment with an advisor.
Product features
- Available to all Quebec taxpayers (deemed residents of Quebec as at December 31 for tax purposes) over 18 years of age, whether Desjardins members or not
- Minimum annual purchase of $500 (and in units of $100 after that) up to a maximum of $3,000
- Non-refundable Quebec tax credit of 30% of the amount invested
- Tax credit may be transferred between spouses, but cannot be carried forward to a subsequent tax year
- Minimum holding period of 7 years
- Investment is independent of workers’ funds (which means investors can subscribe for shares in a workers’ fund as well as shares of CRCD)
- Not eligible for TFSAs, RRSPs, RRIFs or any other registered plan
- Return not guaranteed, possibility of capital gains or losses at redemption
- On redemption, loss of tax credit on any new subscription
- Administrative charges of $50 (taxes included) required when opening and closing an account
Reasons to invest
- You have a high taxable income.
- You've maxed out your RRSP contributions.
- You're looking for ways to reduce your tax bill.
- You want to diversify your portfolio.
- You want an attractive tax credit and long-term return potential.
- You want to contribute to the growth and sustainability of Quebec companies and cooperatives.
Note
CRCD shares are not guaranteed. Their value and returns vary, and past performance is not indicative of future returns. Investment fees may apply. Please read the prospectus before investing.
Email notifications
To make sure you don't miss the next pre-subscription period, sign up for an email notifications today!