As part of our year-end process, all holders of nominee RRSPs or LIRAs/locked-in RRSPs who will have reached the age of 71 by December 31, 2025, are required to transfer their account to a RRIF or LIF before the end of the year.
Nominee RRSP to RRIF transfers
You must have finalized the processing of these transfers in Univeris by October 31, 2025, for all your clients concerned, to ensure timely processing of the transfers.
Transfers from a nominee LIRA or locked-in RRSP to a nominee LIF
For locked-in RRSPs or LIRAs, you must make the transfer to a nominee LIF while ensuring that the legislation remains the same. Again, please complete the entry of these transfers into Univeris by October 31 to ensure timely processing.
Transfers can be processed in kind or in cash for mutual funds, segregated funds, exchange traded funds and available cash account balances. It is your responsibility to make all transfers yourself. To do so, please upload the following to Investia’s head office (“Imaging” option):
- Investia Nominee Account Application Form (mandatory) signed by the client;
- Order Instruction Form or Internal Transfer Form (Investia Nominee Accounts) with account transfer instructions (e.g., RRSP/LIRA #123 to RRIF/LIF #345);
- Nominee Fee-Based Account Program Agreement (F51-335A), if applicable, for the new account;
- New Beneficiary Change Form (F51-370A) or complete the beneficiary designation section on the NCAF for the new plan; and
- New Order Instruction Form for Systematic Withdrawals (Investia Nominee Accounts) (F51-326A) for the payment of the minimum amount for 2026. If you do not schedule one, head office will set one up for December 20.
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Important note In recent years, we have seen a steady increase in the volume of transfers to be processed by head office, with an average growth rate of 10% per year. This represents an unplanned additional workload for our teams. To ensure efficient and fair management of resources, Investia is considering introducing fees per plan for all transfers made by head office. This measure will only apply to transfers that are not initiated by Representatives themselves, except in the cases mentioned below. We would like to inform you that this option is currently under review. Once confirmed, an official communication will detail the terms and amounts. |
Exceptions requiring head office processing
The only transfers that cannot be processed in your office are those involving GICs, WVN Funds, Covington Funds (or funds with a market value at 0) and US cash available in the cash account. Processing of these will start on September 30. Please ensure that you fax or upload the instruction form and account application form (if applicable) to imaging so that your clients’ files meet compliance requirements.
Common issues encountered when processing transfers
Reminders and good business practices
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Useful references
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Should you have any questions or require additional information, please contact our Client Services team by email at investia@investia.ca, by phone at 1-888-684-5548 or by using the chatbot available in the Advisor Centre.
