Redeeming Capital régional et coopératif Desjardins (CRCD) shares
Redeeming Capital régional et coopératif Desjardins (CRCD) shares
Want to make a share redemption request? Here’s how it works, with some tax considerations to keep in mind.
Redemption after 7 years
You must hold your CRCD shares for at least 7 years. You can ask to redeem your shares after this mandatory holding period. Contact your caisse advisor to discuss what's best based on your investment profile and your plans.
Features
- You can request a total or partial redemption
- Shares are not transferable to another person, by sale or otherwise
- An administrative fee of $50 is payable on closing the account
Tax considerations
- Tax credit cannot be claimed for the current tax year or any subsequent tax year on any new subscription or exchange.
- Capital gains or losses may occur at redemption. Capital gains are taxable and must be reported in your tax return. A loss for tax purposes must be reduced by any tax credit already obtained.
- A tax slip is issued so you can declare securities transactions for the tax year in which shares were redeemed.
How to request share redemption
If you are a Desjardins member, you can ask to redeem shares on AccèsD. The redemption amount will be deposited directly to your account.
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Log in to AccèsD.
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Under Quick access, select Accounts.
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On the Accounts screen, select Capital régional et coopératif Desjardins CRCD.
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On the Details screen, select Apply for share redemption and follow the instructions.
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On the AccèsD home page, go to the Savings and investments section.
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Beside Capital régional et coopératif Desjardins, click Options and then select Apply for share redemption after 7 years.
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Complete your request as instructed.
Not a Desjardins member? Have questions? Contact an advisor to discuss your options.
Redemption before 7 years
In certain exceptional cases, you may request that your shares be redeemed or purchased by agreement by CRCD before the redemption eligibility date:
- Within 30 days of subscription
- Absence of tax credit (tax credit not received)
- Death
- Severe and permanent mental or physical disability
- Terminal illness
- Emigration from Canada
- Urgent need for cash
Terms and conditions apply. You must show proof that requirements for the exception have been met. If your request is accepted, shares are generally redeemed no more than 30 days after all the required documents have been submitted.
Learn more about exceptions for redeeming shares.
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CRCD shares are not guaranteed investments. Their value and returns vary, and past performance is not indicative of future returns. Investment fees may apply. Read the prospectus before investing.