Since its creation in 1996, Fondaction has been based on the belief that it is not only possible to do things differently in the financial and business world, it is a necessity. Fondaction helps Québecers prepare for retirement by offering affordable retirement savings to everyone. The savings collected are invested in companies across Québec. This way, Fondaction helps create and maintain quality jobs, contributing to a stronger, more equitable and greener economy.
Fondaction is a labour-sponsored fund with assets in excess of two billion dollars collected as retirement savings from more than 176,000 shareholders. Fondaction’s direct investments and those made through investment funds support the development of more than 1 200 SMEs in different lines of business, in large part involved in various components of the social economy. In other words, Fondaction aims to give meaning to money.