Redeeming Capital régional et coopératif Desjardins (CRCD) shares
Want to request a share redemption? 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 request to redeem your shares after this mandatory holding period. Contact your caisse advisor to discuss what’s best for you based on your plans and investor profile.
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’re a Desjardins member, you can request to redeem shares on AccèsD. The redemption amount will be deposited directly to your account.
- Mobile app
- Browser
Log in to AccèsD.
Under Accounts, select See all.
On the Account summary screen, select CRCD.
On the Details screen, select Apply for share redemption and follow the instructions.
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