Corporate Restructuring, Purchases and Mergers

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, Purchases and Mergers

Information Bulletin

Number:
PCEE/CESP -2010/11-002-443
Date:
June 30, 2011
Subject:
Corporate Restructuring, Purchases and Mergers

Previous Bulletin

This Information Bulletin is an updated version of CESG/SCEE-2000/01-00-9 dated June 30, 2000 referring to Corporate Restructuring and Mergers.

Purpose

The purpose of this Information Bulletin is to remind Promoters and Trustees of their obligation to notify Human Resources and Skills Development Canada (HRSDC) and the Canada Revenue Agency (CRA) of any changes regarding corporate restructuring, purchases and mergers.

Corporate restructuring and changes

Corporate purchases, changes of corporate names, mergers, restructuring and other such business transactions are common within the financial services and RESP industry. These changes are typically accompanied by revisions to relevant business information, e.g. new Business Number (BN), changes to the types of plans offered, change of trustee, company name changes, etc.

Duty to Inform

In accordance with the agreements signed with HRSDC, Promoters and Trustees have the duty to inform HRSDC, in writing, at least 60 days prior to any of these corporate changes.

This is necessary in order for HRSDC to review your file and ensure the proper agreements are in place and all system requirements are met.

CRA also needs to be made aware of these corporate changes. To inform the CRA, please call 1-800-267-3100.

Information Requested

When notifying of such changes, please include details on the following information:

  • the nature of the restructuring (For example: a merger, purchase or sale of RESP related holdings, a change of trustee, a company name change, etc.)
  • the new company name (if applicable)
  • the new Business Number (BN) (if applicable)
  • the effective date for these changes
  • changes to the names of authorized company officers
  • any other information you feel is pertinent

Contact Us

The information requested should be sent to us in writing at the following address:

Manager, Training and Operation Support
Canada Education Savings Program
Human Resources and Skills Development Canada
140 Promenade du Portage, Phase IV Mailstop: Bag 4
Gatineau, Québec K1A 0J9

Or send an email to:
cesp-pcee@hrsdc-rhdcc.gc.ca

Questions on this Information Bulletin should be directed to the CESP by e-mail at cesp-pcee@hrsdc-rhdcc.gc.ca or by calling 1-888-276-3624.

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