Can I buy more Bonus Shares?
No, you can’t. Bonus Shares are distributed to 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 offer you lots of options and value. For example, if you used the First Time Home Buyers Plan to borrow from your RRSPs to purchase your first home, the Bonus Shares can represent at least a part of your minimum annual re-payment. 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?
In many cases, there are ways you can avoid or defer paying tax on Bonus Shares. Please refer to our Tax Implications information.
Why do I have to wait to cash my Shares?
We encourage you to keep your Bonus Shares and let them grow. With RRSP Share accounts and competitive annual return, keeping your Shares is generally more beneficial than cashing them. Also, since Shares are part of DUCA's capital, redemption must be controlled. The redemption schedule is discussed in the Class "A" Bonus Share Features.