Fonds de solidarité FTQ
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The Fonds de solidarité FTQ is a union-sponsored investment fund operated in Quebec. It is sponsored by the Fédération des travailleurs et travailleuses du Québec (Quebec Federation of Labour) and was founded in June 1983. As of May 31, 2006, its net assets were $6.6 billion.
Quebec law provides a 30% tax credit to purchasers of shares in a union-sponsored investment fund such as this one.
The fund invests in local corporations with the double objective of getting a return and creating or maintaining jobs.
