The 360

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 – New deadline
You must have finalized the processing of these transfers in Univeris by November 28 for all your clients concerned, to ensure timely processing of the transfers. Please note that the initial deadline of October 31, announced in the August 21 communication, has been extended to November 28 to give you more time to meet with your clients and complete this transaction.

Important - Upcoming new fee
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.

Going forward, to ensure efficient and fair management of resources, a new fee of $250 per plan will be charged for any transfers made by head office starting December 1. This fee only applies to transfers not initiated by Representatives, except in the specific cases listed below, which require head office intervention.

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 November 28 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 – 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.
  
  

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 started 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

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.