Change of trustee for registered accounts

 

Key points:

As part of our commitment to provide you with the best customer experience, we’re continually looking for ways to optimize our operations. With that in mind, we’re making a change effective January 1, 2018: CIBC Trust Corporation will be replacing Computershare Trust Company of Canada as the trustee for registered accounts including RRSP, RESP, TFSA, and RIF. 

 

FAQs


How does this impact my registered accounts? 

There is no impact to your accounts or the administration of them with the change of trustee. The terms and conditions with CIBC are stated in the new Declaration of Trust. We will email you a link to this document in January 2018.

What do I need to do? 

When you receive the link to the new Declaration of Trust for your registered account in January, review the terms and conditions in this agreement. Also, if you have a locked-in account, we will send you the new Addendum for your information.

What is the Declaration of Trust?

This document, which is a part of our Client Agreement, states the terms and conditions for administration of the registered account, including the responsibilities of the trustee, account-holder, and agent (Questrade). When you are opening a registered account you must agree to what’s stated in the Declaration of Trust.

What is the Addendum for a locked-in account?

In these terms and conditions you agree Questrade will administer your pension account in accordance with federal or provincial legislation, as it applies. As the account-holder, you must review and agree to these terms and conditions.

 

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