The Fonds de solidarité FTQ

Subtract from the employee's gross remuneration for the pay period 75% of the amount withheld for the purchase of Fonds de solidarité FTQ shares if:

• the employee authorized you to withhold deduct the amount;
• the shares are class A shares; and
• the employee is the first purchaser of the shares.

The maximum amount you can subtract from the employee's gross remuneration for the year is $3,750 ($5,000 × 75%).

Fondaction

Subtract from the employee's gross remuneration for the pay period 100% (75% for shares acquired after May 31, 2021) of the amount withheld for the purchase of Fondaction shares if:

• the employee authorized you to deduct the amount;
• the shares are class A or class B shares; and
• the employee is the first purchaser of the shares.

The maximum amount you can subtract from the employee's gross remuneration for the year is $4,271, which is the result of the following calculation: $5,000 x [((5 × 100%) + (7 × 75%))/12].

The Fonds de solidarité FTQ and Fondaction

If an employee purchases both Fonds de solidarité FTQ and Fondaction shares for the annual maximum amount of $5,000 that entitles the employee to the tax credit, the maximum amount you can subtract from the employee's gross remuneration for a pay period must take into account the rate applicable for each fund.