As you are aware, a minimum annual payment (MAP) is mandatory for all RRIF and LIF accounts. In accordance with Section 146.3(1) of the Income Tax Act, Investia is responsible for ensuring that all minimum payments are made before the last day of the year.

Please be advised that Monday, October 14, 2024, is Thanksgiving Day and a statutory holiday in several provinces, including Ontario. As a result, markets and Fundserv will be closed, which means that no trading or settlement will take place on that day. We will resume regular business hours on Tuesday, October 15.

We would like to inform you that we are currently experiencing a technical issue with the display of market values for certain guaranteed investment certificates (“GICs”) in Investia nominee accounts.

More specifically, the various reports generated from Univeris may display an incorrect market value for GICs that have been internally transferred between two Investia nominee plans.

We would like to remind all those who have paid this year’s Client Administrative Fees on behalf of their clients that the 2^nd charge will be made on October 10, which will be reflected in your pay deposited on Thursday, October 17.

As you may already know, Fundserv, and therefore Univeris, requires the gender of the beneficiary when opening a Registered Education Savings Plan (RESP) account that holds segregated funds, as the premium calculation is based on the age and gender of the beneficiary. However, due to a system limitation, this requirement is mandatory for all RESP beneficiaries, whether or not they hold segregated funds.

We are pleased to announce the update of our mandatory training on anti-money laundering (AML) and anti-terrorist financing (ATF), now available on Investia Learning. As this topic is a priority for our industry, it is necessary to complete this training every two (2) years to keep knowledge current and enhance your skills in identifying indicators and reporting suspicious transactions.

Please be advised that effective September 27, 2024, the risk rating of each the following funds was increased by Mackenzie (“MFC-MRD”):

As you know, as part of our Digital Adoption Campaign, we launched a contest last August offering clients the opportunity to win $1,000 by logging into the Investia Client Portal or app. The contest will run until December, and we are very enthusiastic about its potential success. 

As announced on April 27, 2023 and in other communications, members of the New Self-Regulatory Organization of Canada approved the new name of this organization to Canadian Investment Regulatory Organization (“CIRO”) following the amalgamation of the Investment Industry Regulatory Organization of Canada (“IIROC”) and the Mutual Fund Dealers Association (“MFDA”) on January 1, 2023.

Always with the goal of achieving the highest level of efficiency for you and your clients, we would like to provide an important reminder regarding internal transfers between two Investia nominee accounts.