ARCHIVED 2010-014: Information Notice to Employees
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Fondaction: Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l'emploi
The purpose of this information notice is to provide you with information concerning changes to the Fondaction.
On March 19, 2009, the Government of Quebec announced a temporary increase in their provincial tax credit for the purchase of shares issued by Fondaction after May 31, 2009.
The provincial tax credit for the purchase of Fondaction shares increased from 15% to 25% effective June 1, 2009. The Federal tax credit stays the same at 15%.
Effective September 14, 2010, eligible employees purchasing Fondaction shares after that date will be receiving the entire tax credit directly at source.
Employees who purchased Fondaction shares prior to September 14, 2010, will receive the additional tax credit when they file their completed income tax return.
Any inquiries on the information contained in this document should be addressed to your compensation advisor.
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