Redeeming your shares is easy. See how and learn about the tax considerations.
Redeeming shares after 7 years
Once you've held your shares for at least 7 years, you can opt to keep them or you can redeem them if you no longer wish to take advantage of the tax credit related to buying new shares or making an exchange.
Exceptions for redeeming shares earlier than 7 years
The minimum holding period for CRCD shares is 7 years. In certain exceptional cases, shares can be redeemed before the eligibility date, for example, if you haven’t been able to claim the tax credit.
Tax considerations of redeeming shares
For tax purposes, redeeming shares implies disposing of the shares. Accordingly, a capital gain or loss may arise, and both are taken into consideration for federal and Québec income tax purposes.