SAVINGS



A savings product generating tax-free investment income


Bond characteristics

ABSCAN offers Natives a savings product that generates profitable tax-free investment income earmarked for the economic development of First Nations and their members.

  • Fixed interest rate, yearly payments
  • Tax-free interest (for Indian investors under the terms of the meaning of this word in the Indian Act)
  • Nominal value of $1 000
  • The bonds are generally non-redeemable before maturity
  • Compliant with the requirements of the Autorité des marchés financiers du Québec in terms of investment
ABSCAN invests the funds thus collected and grants loans to Natives residing in the Province of Quebec who are eligible to apply for and obtain a loan from ABSCAN, namely recognized band councils of First Nations of Quebec and their members in the real estate, institutional and commercial sectors.

Eligible Clientele

QUEBEC FIRST NATIONS
  • Abenaki
  • Algonquin
  • Atikamekw
  • Cree
  • Huron-Wendat
  • Innu (Montagnais)
  • Malecite
  • Micmac
  • Mohawk
  • Naskapi