Close a supplementary unemployment benefit plan

From Canada Revenue Agency

A supplementary unemployment benefit plan (SUBP) can be closed when an employer terminates the plan.

Remove a participating employer

If a SUBP has more than one participating employer and one of the employers no longer wants to contribute, go to Amendments and follow the instructions for adding or removing employers.

Terminate the plan

If an employer decides to close the SUBP, then the employer and/or trustee will need to send us the following:

The acceptable methods of disbursement are either:

If you want to use a different disbursement method, you must write to us before paying any amounts from the trust account.

Mail CRA your plan closure information

To close a SUBP, send the required documentation to:

Registered Plans Directorate
Canada Revenue Agency
Ottawa ON  K1A 0L5

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