Measures Pertaining to Labour-Sponsored Funds
Changes to certain investment requirements imposed on the Fonds de solidarité des travailleurs du Québec (FTQ)
The following amendments will be made to the legislation governing the fund:
- streamlining of the investment diversification requirement
- recognition of investments made for high-value-added processing of wood
- increased recognition of the major investments made by the fund
- change to the calculation rules of the 60% requirement
For more information, see page 82 in Additional Information on the Fiscal Measures of the Budget, published by the Ministère des Finances.
Increase in the annual issuance limit temporarily imposed on Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi
There will be an increase to the limit applicable to the capital that the fund can collect over its next three fiscal years by issuing shares that give entitlement to a tax credit equal to 25% of their acquisition cost.
For more information, see page 86 in Additional Information on the Fiscal Measures of the Budget, published by the Ministère des Finances.