Canada Education Savings Grant
Disclaimer: RESP promoters
The information contained on this page is technical in nature and is intended for Registered Education Savings Plan (RESP) and Canada Education Savings Program promoters. For general information, visit the RESP section.
Official title: Corporate Restructuring and Mergers
- Bulletin No.:
- June 30, 2000
- Notice #009 - Corporate Restructuring and Mergers
Corporate purchases, mergers, realignments and other such business transactions occur frequently within the Financial Services and RESP industry. These changes are typically accompanied by revisions to the relevant business information e.g., new Business Number (BN), changes to the types of plans offered, change of trustee, or company name changes, etc.
Both Human Resources Development Canada (HRDC) and the Canada Customs and Revenue Agency (CCRA) need to be made aware of these corporate changes as early on in the process as possible. This is necessary to allow sufficient time to determine if a new Canada Education Savings Grant (CESG) promoter or trustee Agreement is required, and to make the required updates.
Therefore we are asking for your cooperation in ensuring that CCRA and the CESG program (CESGP) are notified if any of the following types of changes are foreseen or if they are already underway.
When advising CESGP of such changes, include details on the following information:
- the nature of the restructuring (e.g., a merger, purchase or selling of RESP related holdings, a Change of Trustee, effective date, etc.)
- new company name
- new Business Number (BN)
- effective date for these changes
- changes to the names of authorized company officers
- any other information you feel is pertinent
You may notify us via E-mail or by letter, to the addresses below and we can then follow up with you to discuss details.
170 Hotel de Ville
To enquire about CCRA's required documentation please contact their inquiries line at: (613) 954-0419.
Thank you in advance, for your anticipated cooperation.
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