Bonus Shares and You

Here are some of the most popular questions our members ask about the Bonus Share Program. If you would like more information please contact us to discuss this program.

Can I buy more Bonus Shares?
Bonus Shares are distributed to our members based on the amount of interest paid and/or received during the previous calendar year. Shares cannot be purchased.

What can I do with my Shares?
Class "A" Bonus Shares give you value at many levels. For members who used the First Time Home Buyers Plan to borrow from their RRSPs, the Bonus Shares can represent at least a part of your minimum annual repayment. In general, you can make your Bonus Shares work harder for you by transferring them into a Share RRSP account.

Why do I have to pay tax on my Shares?
Most members can avoid paying tax on their Bonus Shares by referring to the Tax Implications table.

Why do I have to wait to cash my Shares?
Members are encouraged to keep their Bonus Shares and watch them grow. With RRSP Share accounts and competitive annual return, keeping your Shares is generally more beneficial than cashing them. Since Shares are part of DUCA's capital, redemption must be controlled. The redemption schedule is discussed in the Class "A" Bonus Share Features.