In-cash transfers into Investia nominee accounts are sums received by electronic funds transfer between the relinquishing dealer and Investia via Fundserv or by physical cheque received at Investia Head Office.
Upon receipt of these funds, head office staff will deposit them to the client’s nominee cash account and code the deposit appropriately to ensure the accuracy of the contribution receipts in cases where a receipt is required.
Lately, we have been seeing an increase in the number of payments that we are unable to post due to missing or incomplete information.
As such, we would like to take this opportunity to remind you of key documents we must have on file to ensure deposits are posted quickly and accurately:
- A copy of the transfer document (i.e., T2033, T2151, etc.)
Reminder: The “Transfer Authorization – Investia Nominee Accounts form (T2033)” should be used only for incoming transfers into Investia nominee accounts. Fund company T2033 forms must be used for transfers into client-name accounts. - All government correspondence to support a transfer from a pension plan
- All employer correspondence to support a severance transfer
- A recent client statement from the relinquishing institution. The statement can provide support in determining the correct plan and often includes the legislation.
- Confirmation of applicable legislation for all locked-in plans
- USD funds – It is essential that we know if the USD funds received should remain in USD or if they should be converted to Canadian dollars (CDN). This information is time sensitive as a currency conversion may be required.
- A statement of options from the employer and signed by the client to support the termination of employment, if applicable.
Should you require additional information, please contact our Client Services Team, by email at investia@investia.ca, or by phone at 1-888-684-5548.
