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ARTICLE · 02 JUNE 2005

The SME Growth Stock Plan

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On April 21, 2005, the Minister of Finance, Michel Audet tabled the 2005-2006 Budget of the Quebec Government. To further promote the financing of businesses in the growth and expansion phases, the Budget announced the creation of a stock savings plan, called the SME Growth Stock Plan which will replace the former Quebec Stock Savings Plan (QSSP).

CanadaFinance and Banking
Charles Marquette
Charles Marquette
André Dufour
André Dufour
Alfred Enns
Alfred Enns
John Godber
John Godber
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Originally published May 2005
The information contained within this article is only current at the time of writing.

INTRODUCTION

On April 21, 2005, the Minister of Finance, Michel Audet tabled the 2005-2006 Budget of the Québec Government.

To further promote the financing of businesses in the growth and expansion phases, the Budget announced the creation of a stock savings plan, called the SME Growth Stock Plan which will replace the former Quebec Stock Savings Plan (QSSP).

WHAT IS THE SME GROWTH STOCK PLAN

The SME Growth Stock Plan will consist of an arrangement concluded between an individual, other than a trust, and a broker or an investment fund, under the terms of which the individual will entrust such broker or investment fund, with the custody of his eligible shares, eligible securities and valid shares of an eligible corporation that will not be included in any other plan. The new plan will provide a minimum holding period of three years.

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