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.
Minimum holding period and consequences of redeeming shares
The minimum required holding period for CRCD shares is seven years to the day from the date of purchase. For that reason, buying the share should be considered a long-term investment.
When you ask to redeem shares after the mandatory seven-year holding period, you can no longer claim a tax credit for the current tax year or any subsequent tax year, either for buying more shares or making a share exchange.
So, if you ask to redeem your shares during the 2020 issue, you will not be able to claim the tax credit for the 2020 tax year and subsequent years.
At the date your shares become eligible to redeem, you can opt to keep them or to redeem them.
A caisse advisor can help you make your decision based on your investment profile and your plans.
Asking to redeem shares held for at least 7 years
If you are a Desjardins member, you can ask to redeem shares on AccèsD. The redemption amount will be deposited directly to your account.
- Log in to AccèsD.
- On the AccèsD overview page, select the Savings and investment tab.
- Under Capital régional et coopératif Desjardins, click Options and then select Apply for share redemption after 7 years.
- Complete your request as instructed.
Not a Desjardins member? Have questions? Contact an advisor to discuss your options.
- Requests to redeem shares may be made in person at your caisse, by mail, by email, by phone or by fax.
- Fill out and sign the redemption instruction form.
- You can opt to have your payment deposited directly into your account or receive a cheque by mail.