Fillable Mackenzie Education Savings Plan (Mackenzie Investments)

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Mackenzie Education Savings Plan (Mackenzie Investments)

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Give your children the education they will need
through regular tax-effective investing
Mackenzie Education Savings Plan
Family Plan
STEP ONE
Choose the plan type that meets your needs
Individual plan – Single beneficiary
Important Plan Features:
n Anyone can be the beneficiary including you (no blood
relation required)
n Beneficiary can be named at any age
n Beneficiary must meet the following conditions
• Canadian resident (unless due to transfer)
• Have a valid SIN
n Contributions not limited by beneficiary age
n Canada Learning Bond can only be used by the beneficiary
for whom it was paid in the RESP
n Contributions must cease when the beneficiary reaches
31 years of age OR 31 years after the plan was entered into
Family plan – One or more beneficiaries
Important Plan Features:
n The subscriber and beneficiaries must be related by blood
(e.g., children, grandchildren, and siblings) or adoption
n Beneficiary (ies) must meet the following conditions:
• Under 21 years of age when added to the plan
(unless due to a transfer)
• Canadian resident (unless due to a transfer)
• Have a valid SIN
n Contributions must cease when the beneficiary reaches
31 years of age OR 31 years after the plan was entered into
n Additional CESG, Canada Learning Bond and Quebec
Education Savings Incentive (Increase Amount) can only be
paid if the beneficiaries are brothers and sisters
n CESG paid into the plan can be used by an eligible beneficiary
in the RESP up to maximum of $7,200 per beneficiary
n SAGES paid into the plan can be used by an eligible
beneficiary in the RESP up to a maximum of $4,500 per
beneficiary. SAGES can only be paid into the plan if the
beneficiaries are brothers and sisters
n BCTESG paid into the plan can be used by an eligible
beneficiary in the RESP. BCTESG can only be paid into the
plan if the beneficiaries are brothers and sisters
n QESI paid into the plan can be used by an eligible beneficiary
in the RESP up to maximum of $3,600 per beneficiary
n CLB cannot be shared with the other beneficiaries of the plan
n Earnings can be shared with the other beneficiaries of the plan
STEP TWO
Complete the application using the following as a guide
1. Plan information
Check
New Account
if you are establishing a Mackenzie RESP
OR
Check
Existing Account
if you already have a Mackenzie RESP account
number and you would like instructions on this form to be applied to
that account.
2. Subscriber information
In order to ensure your plan is accepted by ESDC, CRA, and MRQ,
please enter all names exactly as they appear on the SIN card(s).
• You are the subscriber if you are opening the RESP account and
contributing money to it.
• A joint subscriber must be your spouse or common-law partner.
• For joint accounts, decide whether you want
a) All joint owners to sign
• everyone must sign if there are new instructions
(this is the default option)
b) Any joint owner to sign
• any joint owner can sign if there are new instructions.
This is not applicable to QC residents.
Please note: Nature of principal business or occupation must be
provided for all subscribers as indicated on the application form.
3. Beneficiary designation
Please ensure the beneficiary name and SIN match the SIN card
exactly and the requirements indicated in step one have been met
for all beneficiaries.
Please note: Nature of principal business or occupation must be provided
for all beneficiaries as indicated on the application form. “Student” is
appropriate unless the beneficiary has not started school, in which case
indicating “child” or “infant” would be acceptable.
Custodial parent, guardian or public primary caregiver
If the subscriber is not beneficiary’s custodial parent, we require the
name and address of the custodial parent, legal guardian or public
primary caregiver (i.e., child care departments, agencies, institutions
and organizations that maintain the child).
4. Investment Selection
Please refer to the attached fund listing for a complete selection of
investment options.
Please be aware that you are responsible for ensuring the maximum
contribution limit of $50,000 per beneficiary is not exceeded. Over
contributions for a beneficiary under this plan or any RESP could result
in a penalty tax levied on all subscribers.
5. PAC Authorization
The Pre-Authorized Chequing Plan program lets you contribute on a
regular basis. Choose the frequency and the initial start date for these
regular purchases.
RESP Help Guide
For more information on RESP plans and detailed information on grant eligibility please visit us at
mackenzieinvestments.com.
6. Application for Grants
To apply for government grants, you must complete the government
applications separately. An application must be completed for each
beneficiary named on the RESP in order to receive grants that may
be available for the beneficiary under the
Canada Education Savings
Act
(CESA) or a provincial program administered under the CESA.
These forms can be obtained from
mackenzieinvestments.com
(See
Applications & Forms at the bottom). As long as you qualify, you may
apply for one or more grants. For the Quebec Education Savings
Incentive (QESI), no application is required. Mackenzie will apply for all
eligible beneficiaries.
You may apply for any of the following Grants in your Mackenzie RESP:
n Basic Canada Education Savings Grant (“Basic CESG”)
The Basic CESG is a federal government grant of 20% of
contributions made to an RESP for a Canadian-resident beneficiary
who was under 18 years with an annual limit of $500.
n Additional Canada Education Savings Grant
(“Additional CESG”)
The Additional CESG is an enhanced federal government grant of
10% or 20% of the first $500 of annual contributions made to an
RESP for a qualifying beneficiary whose Primary Caregiver’s family
net income meets the income thresholds stipulated by CRA each
year. Public Primary Caregivers must receive payments under the
Children’s Special Allowances Act
.
n Canada Learning Bond (“CLB”)
The CLB is an additional federal government grant for a Canadian-
resident beneficiary born after 2003 whose Primary Caregiver is in
receipt of the National Child Benefit Supplement. The initial CLB is
$500. The subsequent CLB is $100 for each year of eligibility until
the child is 15 years old. Public Primary Caregivers must receive
payments under the
Children’s Special Allowances Act
for at least
one month of the benefit year.
n
Saskatchewan Advantage Grant for Education Savings (“SAGES”)
SAGES is an education savings incentive that is paid by the
Government of Saskatchewan into an RESP at a rate of 10% of
RESP contributions in respect of eligible beneficiaries; and for
contributions made on or after January 1, 2013.
While each eligible beneficiary’s SAGES grant room increases by
$250 per eligible year, the annual SAGES amount that can be paid
per beneficiary is limited to the lesser of the accumulated SAGES
grant room for the beneficiary and the SAGES annual limit of $500.
n British Columbia Training and Education Savings Grant (”BCTESG”)
BCTESG is an education savings incentive that is paid by the
Government of British Columbia into an RESP for children born on or
after January 1, 2007; and for children who are residents in British
Columbia (with a custodial parent or a legal guardian who is also a
resident) at the time of the BCTESG application. BCTESG is a $1,200
one-time grant per eligible beneficiary. When an eligible child turns
six years old, the subscriber may be able to apply for the grant.
n Quebec Education Savings Incentive (”QESI”)
The QESI is a refundable tax credit that is paid by Revenu Quebec
to the RESP on behalf of a beneficiary who resides in Quebec that
meets the eligibility requirements. Basic QESI is 10% of the net
contributions made during the year up to an annual maximum of
$250 and a lifetime maximum of $3,600. QESI Increase is available
to beneficiaries that meet eligibility requirements determined by
the Quebec government.
NOTE: You may only choose one fund in which to deposit the
grant money.
7. Subscriber Signature
Please sign and date. If you know the Maturity Date and/or Termination
Dates, please update these accordingly.
8. Dealer Information
Your advisor will complete this section.
RESP Help Guide (cont’d)
BENEFICIARY NAME FUND NO FUND NAME
AMOUNT
$ OR %
†
SCS (%)
WIRE ORDER
NUMBER
PRE-AUTHORIZED
CHEQUING PLAN
($ OR %)
†
SCS – Sales charge purchase option (Front end load)
TOTALS $ 0.00 $ 0.00
4. INVESTMENT SELECTION
Please complete
– Refer to attached fund listing for a list of investment choices
Last Name of Beneficiary First Name & Middle Name of Beneficiary Gender
M
F
Date of Birth (DD MMM YYYY)
Social Insurance Number Relationship to Subscriber
Canadian Resident
Yes
No
Address
Same as Subscriber 1 2
Nature of Principal Business or Occupation
Student / Child Other:
Last Name of Beneficiary First Name & Middle Name of Beneficiary Gender
M
F
Date of Birth (DD MMM YYYY)
Social Insurance Number Relationship to Subscriber Canadian Resident
Yes
No
Address
Same as Subscriber 1 2
Nature of Principal Business or Occupation
Student / Child Other:
Last Name of Beneficiary First Name & Middle Name of Beneficiary Gender
M
F
Date of Birth (DD MMM YYYY)
Social Insurance Number Relationship to Subscriber Canadian Resident
Yes
No
Address
Same as Subscriber 1 2
Nature of Principal Business or Occupation
Student / Child Other:
Last Name & First Name
Address Postal Code
City Province Apt. No.
Principal Business/Occupation
Home Telephone
Business Telephone
E-mail Address
Last Name
First Name & Initials
Address Postal Code
City Province Apt. No.
Principal Business/Occupation
3. BENEFICIARY DESIGNATION – MANDATORY
Please complete
I designate the following individual(s) as the person(s) entitled to receive payments from the plan to further his/her post-secondary education. (use separate sheet if necessary)
The beneficiaries of this plan are siblings of each other (siblings are brothers and sisters including half brothers, half sisters, adopted and step children).
For the Quebec Education Savings Incentive (QESI), I represent and warrant that the beneficiaries’ province of residence for tax purposes is as indicated under the address below and I agree to
promptly notify Mackenzie of a change in the province of residence of any of the beneficiaries. I acknowledge that Mackenzie will rely on this representation in making application for QESI.
Please provide the name and address of the custodial parent, guardian or public primary caregiver for any beneficiary who is under 19 years of age
Last Name of Beneficiary First Name & Middle Name of Beneficiary Name of Parent or Guardian Address
same as
subscriber OR,
Now complete Section 5
Please check this box if you wish to receive confirmations of systematic transactions or distributions. Systematic transactions and distributions are reported on your semi-annual statement.
Please process my contribution or transfer(s) from my existing registered education savings plan(s), and make the investments selected below.
1. PLAN INFORMATION
Please complete
Family Plan
Under a Family Plan, you may designate one or more individuals as a beneficiary of the Plan. However, each individual must be
under 21 years of age at the time of the designation and must be related to you (or both of you) by blood or adoption. Your children,
grandchildren, brothers and sisters are related to you by blood. Your nieces and nephews are not related to you by blood. You cannot
designate yourself or your spouse as a beneficiary under a Family Plan.
RESIDENCY STATUS
Check one
If no, skip Section 6
The custodial parent, guardian or public primary caregiver for any beneficiary will be provided with the name and address of the subscriber(s).
2. SUBSCRIBER INFORMATION – MANDATORY
Please print
THE BELOW SECTIONS ARE MANDATORY. PLEASE COMPLETE.
JOINT SUBSCRIBER NAME Signing Authority All Joint Owners to sign
(Default option)
Any Joint Owner to sign
(Not applicable in Quebec)
New Account
OR
Existing Account
Account Number
1 = Mr.
2 = Mrs.
3 = Miss
4 = Ms.
5 = Dr.
Language preference English French
Home Telephone
Business Telephone
E-mail Address
Birth Date (DD/MMM/YYYY)
Social Insurance Number
Business #
Birth Date (DD/MMM/YYYY)
Social Insurance Number
Business #
EDUCATION SAVINGS PLAN APPLICATION Family Plan Application
T 1-800-387-0614 or 416-922-3217 F 1-866-766-6623 or 416-922-5660 E service@mackenzieinvestments.com
0.00
0.00
FUND NUMBER FUND NAME
Please note SCS commission is 0% for grant/bond purchases
I/We hereby authorize and request Mackenzie Financial Corporation to draw on my/our account at the Bank named above, whether the account continues to be maintained at the branch or is transferred
to another branch at the Bank. I/We acknowledge that I/We have read and agree to be bound by the Pre-Authorized Chequing (Pre-Authorized Debit) Terms and Conditions attached to this application.
5. PAC AUTHORIZATION
Please read carefully before signing
TO: AND TO: Mackenzie Financial Corporation (Void specimen cheque attached)
Undersigned’s bank
6. APPLICATION FOR GRANTS
You must complete this section to ensure that this plan receives Grants that may be available for the beneficiary under the
Canada Education Savings Act
(CESA) or a provincial program
administered under the CESA. You must also complete the appropriate application prescribed by Employment and Social Development Canada. Copies of the prescribed forms for the Basic
CESG, additional CESG, CLB or provincial grants can be obtained from
mackenzieinvestments.com
. For the Quebec Education Savings Incentive (QESI), no application form is required.
Mackenzie will apply for all eligible beneficiaries.
The information in this section, as well as the amount of any contribution and the value of investments held in this plan will be provided to Employment and Social Development Canada.
Bank Account Holder’s Signature
Bank Account Holder’s Signature
Date (DD MMM YYYY)
Date (DD MMM YYYY)
I do not wish this plan to participate in any Grant program.
I wish to participate in the Grant program(s) indicated in the application form(s) attached.
For the QESI, no application form is required. Mackenzie will apply for all eligible beneficiaries.
Please invest the grants as indicated. Where no investment is selected, the grant will be invested in Mackenzie Canadian Money Market Fund.
Only one Fund is allowed
To: Mackenzie Financial Corporation
I have engaged the dealer as my agent in connection with this Plan. I understand that if I choose the sales charge purchase option (front end load), the Plan will pay a commission which is deducted from the original purchase amount. If I
choose the redemption charge purchase option, low-load 3 purchase option or low-load 2 purchase option (each, a deferred sales charge purchase option), I request that the sales commissions described in the simplified prospectus be paid
to the dealer and I agree that I may be required to pay a redemption charge upon withdrawal, as specified. In addition, I authorize the payment of trailing sales commissions described in the simplified prospectus to the dealer on behalf of the
Plan. If I am transferring a registered plan from another financial institution to Mackenzie, and Mackenzie receives payment for my securities but the rest of my application is not complete, I authorize Mackenzie to invest the Plan money in
Mackenzie Canadian Money Market Fund so that it will earn interest until the order is complete.
I understand that as agents for the funds, Mackenzie reserves the right to accept or reject any purchase order within one day following receipt of the order. I acknowledge receipt of the current prospectus of the fund(s) ordered.
To: B2B Trustco and Mackenzie Financial Corporation
I apply for a Mackenzie Education Savings Plan (the “Plan”) on the terms and conditions, the “Terms”, attached to this application, and request that Mackenzie apply to register the Plan as an education savings plan under the
Income Tax Act
(Canada). Where I authorize Mackenzie to apply for available Grants for the beneficiaries under the Plan, I agree to notify Mackenzie promptly if a beneficiary becomes a non-resident of Canada when a subsequent contribution is made, or an
educational assistance payment is requested for the beneficiary. For the purposes of the Quebec Education Savings Incentive (QESI), I agree to notify Mackenzie promptly if a beneficiary becomes a non-resident of Quebec.
I understand that no further contributions may be made to the Plan after the 31st year following the year in which the Plan was entered into.
I certify that the information provided to you on this application is accurate. I have received, read and agree to the Terms of the Plan attached and to all amendments that I may receive to these Terms in the future.
Privacy Protection
By signing this application form, I acknowledge reading the Privacy Protection Notice attached to this application form and I consent to the personal information being collected, held, used and disclosed by Mackenzie in the ways and
for the purposes identified in the Privacy Protection Notice. If I have provided information concerning my spouse/partner, the beneficiary and/or the beneficiary’s parents or guardian, I confirm that I am authorized to provide such information.
I have requested that this application form and all documents relating hereto be in English. J’ai exigé que la demande et tous les documents s’y rapportant soient rédigés en anglais.
8. SUBSCRIBER SIGNATURE
Please complete read carefully before signing
Process my
PAC purchase:
Weekly Monthly Quarterly Annually
Bi-Weekly
1
Semi-Monthly
2
Bi-Monthly
3
Semi-Annually
4
1
Once every 14 days
2
15
th
and end of month
3
Every other month
4
Every six months
My first purchase
is to commence
Protect my PAC deposits against
inflation by an annual increment of
%
Date (DD MMM YYYY)
X
X
Mackenzie Investments | 180 Queen Street West, Toronto, Ontario M5V 3K1 | Original Mackenzie | Yellow B2B Trustco | Pink Dealer | White Subscriber
Mackenzie Financial Corporation B2B Trustco
Authorized Signature of Acceptance Authorized Signature of Acceptance
X
Subscriber Signature Date (DD/MMM/YYYY) Joint Subscriber Signature Date (DD/MMM/YYYY)
X
PLAN MATURITY DATE
(DD/MMM/YYYY)
The last day of the 31
st
year following the date on which the plan
was entered.
PLAN TERMINATION DATE
(DD/MMM/YYYY)
The last day of the 35
th
year following the date on which the plan
was entered.
If this plan includes a transfer from another RESP, the maturity date
will be based on the earliest effective date.
If this plan includes a transfer from another RESP, the termination date
will be based on the earliest effective date.
Dealer Number Advisor Number Dealer Name Advisor Name
Dealer Account Number Advisor Signature/Dealer Authorization Date
(DD/MMM/YYYY)
7. DEALER/ADVISOR INFORMATION
X
MACKENZIE FAMILY EDUCATION SAVINGS PLAN
TERMS AND CONDITIONS
Mackenzie Financial Corporation (“Mackenzie”) which is incorporated under the laws of Ontario,
B2B Trustco (the “Trustee”) which is incorporated under the laws of Canada (Mackenzie and the
Trustee are collectively referred to in this contract as “we” and “us”, both of which are authorized to
carry on business in Canada) and you, the person named as subscriber in the attached application
form (the “Application”) or the two individuals so named as joint subscribers if you are spouses
or common law partners of each other as recognized by the
Income Tax Act
(Canada) (the “Tax
Act”), agree to establish a Mackenzie Family Education Savings Plan (the “Plan”) on the following
terms and conditions.
1.
Other Defined Terms. In this contract
(a)
“Accumulated Income Payment”
means any amount paid from the Plan to the extent
that the amount exceeds the fair market value of any Contributions to the Plan but does
not include an Educational Assistance Payment, a refund of Contributions, a Grant
repayment or related amounts, a payment to or to a trust in favour of a Designated
Educational Institution or a transfer to another RESP.
(b)
“Beneficiary”
means an individual validly designated by you as a beneficiary under the
Plan entitled to receive payments from the Plan to further his or her education at the
post-secondary school level.
(c)
“CESA”
means the
Canada Education Savings Act
and the regulations thereunder,
as amended.
(d)
“Contribution”
to an education savings plan does not include an amount paid into the
plan under or because of (i) the
Canada Education Savings Act
or a designated provincial
program, or (ii) any other program that has a similar purpose to a designated provincial
program and that is funded, directly or indirectly, by the province (other than an amount
paid by a public primary caregiver in its capacity as subscriber under the plan).
(e)
“CRA”
means the Canada Revenue Agency.
(f)
“Dealer”
means an individual or entity acting (or representing that it acts) in connection
with the Plan as your investment advisor, broker or dealer, or on behalf of your investor
advisor, broker or dealer.
(g)
“Designated Educational Institution”
means an educational institution in Canada that
is a university, college or other educational institution designated by the Lieutenant
Governor in Council of a province as a specified educational institution under the
Canada
Student Loans Act,
designated by an appropriate authority under the
Canada Student
Financial Assistance Act,
or designated by the Minister of Education of the Province
of Quebec for the purposes of
An Act respecting financial assistance for education
expenses,
R.S.Q, c. A-13.3.
(h)
“Educational Assistance Payments”
means any amount, other than a refund of
Contributions, paid from the Plan to or for a Beneficiary to assist the Beneficiary to
further his or her education at the post-secondary school level.
(i)
“Grant”
means an amount paid or payable to the Plan under: (i) the CESA, (ii) a provincial
program administered under the CESA, (iii) a designated provincial program, as defined
under the Tax Act, or (iv) Part III.1 of the
Department of Human Resources Development
Act
(Canada) as it read immediately before the coming into force of the CESA.
(j)
“Post-Secondary Educational Institution”
means:
(i)
an educational institution in Canada that is:
(1) a Designated Educational Institution; or
(2) certified by the Minister of Employment and Social Development to be an
educational institution providing course, other than courses designed for
university credit, that furnish a person with skills for, or to improve a person’s
skills in an occupation, or
(ii)
an educational institution outside Canada that provides courses at a post-secondary
school level and that is:
(1) a university, college or other educational institution at which a beneficiary
was enrolled in a course of not less than 13 consecutive weeks, or
(2) a university at which a beneficiary was enrolled on a full-time basis in a course
of not less than 3 consecutive weeks
(k)
“Public Primary Caregiver”
of a Beneficiary in respect of whom a special allowance is
payable under the
Children’s Special Allowances Act,
means the department, agency
or institution that maintains the Beneficiary or the public trustee or public curator of
the province or territory in which the Beneficiary resides.
(l)
“Qualifying Educational Program”
means a program at a post secondary school level
of not less than three consecutive weeks in duration that requires that each student
taking the program to spend not less than ten hours per week on courses or work in
the program.
(m)
“RDSP”
or “Registered Disability Savings Plan” is a disability savings plan that satisfies
the conditions in subsection 146.4(2) of the Tax Act, but does not include one to which
subsection 146.4(3) or (10) applies.
(n)
“RESP”
means an education savings plan that has been and, at the relevant time is,
registered under the Tax Act.
(o)
“Specified Educational Program”
means a program at a post secondary school level of
not less than three consecutive weeks duration that requires each student taking the
program to spend not less than 12 hours per month on courses in the program.
2.
Acceptance and Registration
. If the Trustee agrees to act as trustee of the Plan, Mackenzie will
apply to register the Plan under the Tax Act as an RESP after you have provided Mackenzie
with all information required by the Tax Act including, if applicable, the social insurance
number of each Beneficiary. You will be bound by the terms and conditions imposed on the
Plan by all applicable legislation. If the Trustee declines to act as trustee, you or a Dealer
will be notified and any amounts received by the Trustee as a Contribution, transfer or Grant
will be returned.
3.
Purpose
. The Trustee will irrevocably hold all Contributions, transfers and Grants accepted
by us for the Plan, investments made with those amounts and any income and capital gains
realized in respect of those investments in trust for the primary purpose of paying Educational
Assistance Payments to one or more Beneficiaries and for one or more of the following
secondary purposes: paying Accumulated Income Payments; refunding Contributions; repaying
Grants and paying amounts related to those repayments; paying to or to a trust in favour of
a Designated Educational Institution; and transferring to another RESP.
4.
Dealer.
You acknowledge that a Dealer is your agent and, when acting (or representing
that it acts) as a Dealer, is not our agent.
We are entitled to accept and act on any notice,
authorization or other communication that we believe in good faith to be given by you or
a Dealer.
We are under no obligation to verify that a Dealer is properly authorized to act as
your agent or is otherwise authorized to act on your behalf.
5.
Your Responsibility: You are responsible for:
(a)
selecting investments for the Plan and assessing the merits of those investments,
obtaining appropriate advice in respect of these matters or authorizing a Dealer to do
these things on your behalf;
(b)
ensuring that Contributions to the Plan do not exceed the maximum Contribution limits
permitted by the Tax Act;
(c)
the truth and accuracy of the information provided by you or a Dealer to us and for
notifying us of any change in the information provided;
(d)
providing the information and documentation required to apply for and administer
the Grants;
(e)
ensuring that the investments held in the Plan are at all times qualified investments for
the Plan under the Tax Act and immediately notifying us if an investment held in the
Plan is or becomes a non-qualified investment for the Plan under the Tax Act; and
(f)
paying any tax on excess Contributions to the Plan and requesting a refund of any
excess Contributions.
You acknowledge and accept sole responsibility for these matters and undertake to act in
the best interest of the Plan. You confirm that we are not responsible for any of these matters
or for any loss in the value of the Plan. You acknowledge that a Dealer or any other person
from whom you obtain investment, tax or other advice is your agent and when acting (or
representing that it acts) as a Dealer or your advisor is not our agent or the agent of any of
our affiliates.
6.
Mackenzie’s Responsibilities. Mackenzie will
:
(a)
apply to register the Plan as an RESP under the Tax Act;
(b)
receive Contributions to the Plan;
(c)
apply for Grants as agent of the Trustee on behalf of the Plan;
(d)
invest and reinvest the assets of the Plan according to your instructions;
(e)
provide you with the statements of the account;
(f)
provide you and any Beneficiary with information or notice as required by the CESA or
other applicable legislation;
(g)
receive from you any change in a Beneficiary, a Designated Educational Institution or any
other matter which requires notification by you to Mackenzie or the Trustee according
to the provisions of this contract;
(h)
make payments from the Plan pursuant to the provisions of this contract;
(i)
to the extent required, deal with the appropriate taxation authorities in connection with
the Plan or any amendment of the provisions of this contract;
(j)
ensure compliance with all relevant provisions of the CESA and other applicable legislation
relating to Grants; and
(k) exercise the care, diligence and skill of a reasonably prudent per son to minimize the
possibility that the account holds a non-qualified investment (as defined under the Tax
Act) for a RESP. The Trustee will notify the Plan holder in accordance with the Act if an
investment that is a non-qualified investment has been acquired or disposed of by the
Plan or if an existing investment of the Plan has become or ceased to be a non-qualified
investment. However, if the account acquires an investment that is a non-qualified
investment or becomes a non-qualified investment for a RESP it is the responsibility of
the Applicant to file an income tax return and pay the applicable tax under Part XI.01
of the Act; and
(l)
perform such other duties as Mackenzie and the Trustee from time to time
considers appropriate.
Pursuant to administrative requirements of the CRA, Mackenzie is ultimately responsible for
the administration of the Plan. Pursuant to this contract, as between Mackenzie and you, you
acknowledge that the foregoing does not detract from your duties and responsibilities under
the Plan. This means, for example, that we are not authorized to select investments for the
Plan and will not assess the merits of any investment selected by you or a Dealer. We are not
responsible for providing any investment, tax or other advice to you or a Dealer; nor are we
responsible for any advice that you obtain from a Dealer or any other source. Notwithstanding
any other provision of this contract, we will not be liable for any loss or penalty suffered as
a result of any act done by us in reliance of your authority, the authority of a Dealer or the
authority of your agent or legal representatives. We are under no obligation to verify that
any person is properly authorized to act as your Dealer, agent or legal representative or is
otherwise authorized to act on your behalf.
7.
Beneficiary Designation
. Each individual designated on the Application as a beneficiary under
the Plan will be an initial Beneficiary if he or she is:
(a) connected to you (or in the case of joint subscribers, both of you) by blood or adoption,
as those relationships are recognized for the purposes of the Tax Act;
(b)
less than 21 years of age or immediately before the relevant time was a beneficiary
under another RESP that allows more than one beneficiary at any one time; and
(c) a Canadian resident for the purposes of the Tax Act or, where no Contribution will be
made to the Plan other than a transfer from another RESP, was the beneficiary under the
other RESP immediately before the transfer. There must be one Beneficiary at all times.
You may not designate yourself, your spouse or your common law partner (as recognized by
the Tax Act) as a Beneficiary. You may make, change or revoke the designation of a beneficiary
under the Plan by providing notice to Mackenzie provided that:
(d)
there is at least one Beneficiary at all times;
(e)
the individual designated as a Beneficiary is a person described above in (a), (b) and (c)
of this paragraph 7; and
(f) you have provided Mackenzie with all information and documentation relating to you,
the individual and the individual’s parents or guardians as may reasonably be requested
by Mackenzie in connection with the administration of the Plan and the application for
a Grant on behalf of the Plan, which information will include but may not be limited to:
(i)
the gender, birth date, social insurance number and residential address of the
individual designated as Beneficiary;
(ii)
the relationship of the individual to you; and
(iii)
if the individual is under 19 years of age and ordinarily lives with a parent (as
defined in the Tax Act) or is maintained by a Public Primary Caregiver, the name
and residential address of the parent or Public Primary Caregiver.
Within 90 days after an individual becomes the Beneficiary, Mackenzie will notify the individual
of the existence of the Plan, your name and your address, unless the Beneficiary is under 19
years of age and ordinarily lives with a parent or is maintained by a Public Primary Caregiver,
in which case notice will be provided to the parent or Public Primary Caregiver, as applicable.
8.
Designation of Educational Institution
. You may designate a Designated Educational Institution
as the institution entitled to receive payments from the Plan. You may make, change or revoke
the Designated Educational Institution by providing notice to Mackenzie.
9.
Contributions and Transfers to the Plan
. You or a person on your behalf may make Contributions
to the Plan in respect of a Beneficiary, provided that:
(a)
the Beneficiary is a Canadian resident for the purposes of the Tax Act and has not
attained 31 years of age before the time the Contribution is made;
(b)
Mackenzie has been provided with the social insurance number of the Beneficiary at
the time of or before the Contribution is made;
(c) the amount of the Contribution is not less than the minimum limit established by
Mackenzie from time to time and does not cause the RESP lifetime limit under the Tax
Act to be exceeded;
(d)
the Contribution is not made after the 31st year following the year in which the Plan was
established or deemed to be established unless the Beneficiary has a Disability and the
Plan is a specified plan, as defined under the Act, in which case the Contribution is made
before the end of the 35th year following the year in which the Plan was established or
deemed to be established;
(e)
the Contribution is not prohibited by this contract or the Tax Act.
Contributions to the Plan will be considered to have been made
pro rata
in respect of each
Beneficiary unless otherwise stipulated by you or a Dealer. Any Contribution to the Plan made
in respect of a former beneficiary under the Plan will be considered to have been made
pro
rata
in respect of each current Beneficiary unless otherwise stipulated by you or a Dealer.
Any amount may be transferred to the Plan from another RESP that allows more than one
Beneficiary at a time provided that other RESP has never made an Accumulated Income
Payment. Contributions transferred to the Plan shall be considered to have been made on
your behalf
pro rata
in respect of each Beneficiary unless otherwise stipulated by you or
a Dealer. If the other RESP was established before the Plan, the Plan will be deemed to be
established on the day the other RESP was established or deemed to be established. Grants
received by the Plan, whether directly from a government or by way of transfer from another
RESP, shall not be considered to be a Contribution to the Plan.
10.
G ra nts
. Mackenzie will apply for a Grant for the benefit of a Beneficiary at any time the
Beneficiary is eligible for the Grant and Mackenzie is eligible to apply for the Grant, after
Mackenzie receives: (a) your instructions to apply for the Grant; (b) satisfactory evidence that
the Beneficiary is eligible for the Grant; and (c) any information or document that Mackenzie
or a government authority may require in connection with the Grant application. A payment
will be made from the Plan as a Grant repayment in circumstances required by the CESA or
other applicable legislation. The Plan will comply with all relevant conditions and limitations
imposed on it by the CESA or other applicable legislation in connection with the Grants.
11.
Investments
. We may accept and act on any investment instructions that we believe in good
faith to be given by you or a Dealer. The assets of the Plan will be invested and reinvested
from time to time according to your investment instructions or those of a Dealer in securities
of mutual funds managed by Mackenzie or such other investment as we may permit from
time to time. We are not authorized to select investments for the Plan and will not assess
the merits of the investments selected by you or a Dealer. In selecting investments for the
Plan, you will not be limited to those investments authorized by legislation governing the
investment of property held in trust. Notwithstanding any other provision in this contract,
we may for any reason refuse to act on any investment instruction, in which case you or a
Dealer will be notified, and we will not be liable for any resulting loss. In the absence of
satisfactory investment instructions, cash received by us in connection with the Plan will be
converted into the currency denomination of the Plan and invested in units of a money market
fund managed by Mackenzie. If it is necessary for cash or other assets held in the Plan to
be converted to another currency, the Trustee, its affiliate, its agent or a person engaged by
it may act as principal on the Trustee’s or its own behalf and not on your behalf to convert
the currency at the rate established by the Trustee or it for the relevant conversion date. In
addition to commissions that may be charged for this service, any revenue earned by the
Trustee or other service provider based on the difference between the applicable bid/ask
rates and the cost of currency will be for the account of the Trustee or the account of the
other service provider.
12.
Borrowing. The Plan may not borrow money, unless
: (a) the money is borrowed for a term of
90 days or less; (b) the money is not borrowed as part of a series of loans or other transactions
and repayments; (c) no assets of the Plan are used as security for the borrowed money; and
(d) we consent to the borrowing.
13.
Transfers from the Plan
. All or part of the assets of the Plan will be transferred (less all proper
charges) from the Plan to the issuer or agent of the issuer of another RESP provided that:
(a)
Mackenzie received satisfactory instructions from you or a Dealer;
(b)
no Accumulated Income Payment has been made to you or on your behalf from the
Plan; and
(c) sufficient assets of the Plan may be withheld until Mackenzie determines the portion, if
any, of the Grants received by the Plan that must be repaid to a governmental authority.
If Mackenzie receives instructions to transfer less than all of the assets of the Plan, it may
request instructions to transfer all the assets of the Plan and may delay the transfer until
after it receives the requested instructions. If the requested instructions are not received
within 30 days of request or if the issuer of the recipient RESP refuses to accept the transfer
of any assets of the Plan, the Plan may, at the option of Mackenzie, be terminated. We will
make an effort to provide the issuer of the other RESP with all relevant information in their
possession. Mackenzie will make an effort to sell or transfer specific investments of the
Plan to effect the transfer as instructed by you or a Dealer. In the absence of satisfactory
instructions, Mackenzie may sell or transfer any investments of the Plan selected by it to
effect the transfer and will not be liable for any resulting loss. The transfer of assets will be
made subject to any restrictions under the Tax Act, the CESA, other applicable legislation
and the terms and conditions of the investments of the Plan.
14.
Educational Assistance Payments
. One or more payments will be made (less all proper charges)
from the Plan to or for a Beneficiary as an Educational Assistance Payment provided that
Mackenzie received satisfactory instructions from you or a Dealer and at the time a payment
is made:
(a)
the Beneficiary is enrolled as a student in a Qualifying Educational Program at a
Post-Secondary Educational Institution and, either: (i) was so enrolled for at least 13
consecutive weeks in the immediately previous 12-month period, or (ii) the total of the
payment plus all other educational assistance payments made to or for the Beneficiary
during the immediately previous 12-month period from RESPs administered by Mackenzie
do not exceed $5,000 (or a greater amount that the authority administering the CESA
approves in writing with respect to the Beneficiary); or
(b)
the Beneficiary is at least 16 years old and is enrolled as a student in a Specified
Educational Program at a Post Secondary Educational Institution and the total of the
payment plus all other educational assistance payments made to or for the Beneficiary
during the immediately previous 13-week period from RESPs administered by Mackenzie
do not exceed $2,500 (or a greater amount that the authority administering the CESA
approves in writing with respect to the Beneficiary).
In addition, payments will be made to or for the Beneficiary as an Educational Assistance
Payment during the six month period following the time when the Beneficiary ceased to
be enrolled as a student in a Qualifying Educational Program or a Specified Educational
Program provided that Mackenzie received satisfactory instructions from you or a Dealer
and the other requirements of this paragraph would have been satisfied had the payment
been made immediately before the Beneficiary ceased to be so enrolled. Unless otherwise
instructed by you or a Dealer, a payment will be made, first, out of the net accumulated
income (including capital appreciation) of the Plan and, to the extent permitted or required
by the CESA or other applicable legislation, Grants received by the Plan and, second, as a
refund of Contributions. The amount and frequency of the payments will be subject to the
limitations imposed by the Tax Act, the CESA and other applicable legislation.
15.
Refund of Contributions
. One or more payments will be made (less all proper charges) from
the Plan to you or a person designated by you as a refund of Contributions provided that:
(a)
Mackenzie received satisfactory instructions from you or a Dealer;
(b)
the amount of the payment together with any previous refund of Contributions does not
exceed the total amount of Contributions made by you or on your behalf to the Plan; and
(c)
the assets remaining in the Plan have a value equal to or greater than any Grant received
by the Plan that has not previously been paid from the RESP and any expenses of the
Plan (including any expenses that would be incurred upon liquidation of the investment
of the Plan and repayment of any Grant).
16.
Accumulated Income Payments
. One or more payments will be made (less all proper charges)
from the Plan to you or on your behalf as Accumulated Income Payments provided that:
(a)
Mackenzie received satisfactory instructions from you or a Dealer;
(b)
you are a Canadian resident for the purposes of the Tax Act;
(c)
the payment is not made jointly to, or on behalf of, more than one subscriber under
the Plan;
(d) any one of the following:
(i)
unless the CRA has waived the application of this condition in respect of the Plan,
the payment is made after the 9th year following the year in which the Plan was
established or deemed to be established and each individual who is or was a
Beneficiary is at least 21 years old and is not entitled to an Educational Assistance
Payment or is deceased;
(ii)
the payment is made in the year the Plan must be terminated; or
(iii)
each individual who was a Beneficiary is deceased.
The Plan will be terminated before March of the year following the first Accumulated
Income Payment.
17.
Accumulated Income Payments to the Beneficiary’s RDSP
. The Subscriber and the holder of an
RDSP for the Beneficiary may jointly elect in writing to have an Accumulated Income Payment
under the RESP be made to the Beneficiary’s RDSP, but only if, at the time the election is
made the election contains the information prescribed by the Tax Act and:
(a) the Beneficiary has a severe and prolonged mental impairment that prevents, or can
reasonably be expected to prevent, the Beneficiary from enrolling in a Qualifying
Educational Program at a Post-Secondary Educational Institution; or
(b)
the payment is made after the 9th year that follows the year in which the Plan was
entered into and each current or former Beneficiary under the Plan has attained 21 years
of age before the payment is made and is not, when the payment is made, eligible to
receive an Educational Assistance Payment; or
(c)
the payment is made in the year of the Plan Termination Date.
18.
Payments to Designated Educational Institution
. One or more payments will be made (less
all proper charges) from the Plan to or to a trust in favour of the Designated Educational
Institution designated by you but only to the extent permitted by the Tax Act, the CESA and
other applicable legislation and provided that Mackenzie received satisfactory instructions
from you or a Dealer and all Beneficiaries are deceased or ineligible to receive Educational
Assistance Payments.
19.
Payments from the Plan
. Before each payment is made from the Plan, you may be required
to provide information and evidence satisfactory to Mackenzie confirming that the payment
is permitted under this contract, the Tax Act, the CESA and other applicable legislation. The
decision of Mackenzie as to whether a payment is permitted will be final and binding on
you and the Beneficiaries. In the absence of satisfactory instructions from you or a Dealer,
Mackenzie may sell or transfer investments of the Plan selected by it for the purpose of
making a payment from the Plan and will not be liable for any resulting loss. Payments from
the Plan will be made net of all proper charges including tax required to be withheld and
expenses incurred by the Plan upon the sale or transfer of investments. If the Plan does not
have sufficient cash to pay these charges, we will be entitled to require you to pay these
charges. We may impose any other reasonable requirements and conditions in respect of
payments from the Plan. A payment from the Plan will be deemed to have been made when:
(a) a cheque payable to the recipient is mailed in a postage pre-paid envelope addressed to
the recipient at the last known address for the recipient; or (b) an amount is electronically
transferred to the credit of a bank account for the recipient.
20.
Termination of the Plan
. All of the assets of the Plan must be paid from the Plan in accordance
with this contract on or before December 31 of the 35th year following the year in which the
Plan was established or deemed to be established unless the Beneficiary has a Disability
and the Plan is a specified plan, as defined under the Act, in which case the assets of the
Plan must be paid from the Plan in accordance with this contract on or before December
31 of the 40th year following the year in which the Plan was established or deemed to be
established. If the value of the Plan is less than $500, we may terminate the Plan. Unless we
receive satisfactory instructions from you before the termination of the Plan, the maximum
amount permitted by the Tax Act and the CESA will be paid to you less all proper charges.
Any assets remaining in the Plan will be paid to the Designated Educational Institution last
designated by you or in the absence of a designation, to a Designated Educational Institution
selected by IGFS.
21.
Truth of Information and Undertaking
. You warrant that all information on the Application or
subsequently provided by you, a Dealer or other person to Mackenzie (whether it relates to
you, a Beneficiary, a Beneficiary’s parents or guardians, or another) is true and accurate and
undertake to provide proof thereof if requested by us. You acknowledge that we are relying
on the truth and accuracy of the information provided by you, a Dealer or other person. You
undertake to provide all information and documentation relating to you, the Beneficiaries
and the Beneficiaries’ parents or guardians as may reasonably be requested by Mackenzie
in connection with the administration of the Plan and the application for a Grant on behalf
of the Plan. You undertake to notify Mackenzie of any change in the information provided
by you, a Dealer or other person.
22.
Prohibition
. Except as specifically permitted under the Tax Act, no benefit, loan or indebtedness,
that is conditional in any way on the existence of your Plan or other advantage within the
meaning of the Tax Act may be extended to you or a person with whom you do not deal
at arm’s length. You may not engage in any transaction, investment (including prohibited
investments), payment or transfer which is or may be an advantage, an registered plan strip
or a swap transaction under Part XI.01 of the Tax Act. We will not make any payments from
your Plan except those specifically permitted under the provisions of this declaration or the Tax
Act or required by law. We reserve the right to prohibit any transaction, investment, payment
or transfer, whether an advantage or a registered plan strip or a swap transaction under the
Tax Act, or such other payment or transfer which is or may be prohibited or penalized under
the Tax Act.
23.
Account and Statements
. Mackenzie will maintain an account of the Plan reflecting, with
appropriate dates, Contributions and transfers to the Plan; Grants received by the Plan; the
description, number and cost of the investments acquired or disposed of by the Plan; and
expenses, transfers, Grant repayments and other payments from the Plan. Mackenzie will
provide you with a statement of the account at least annually.
24.
Fees and Expenses
. Mackenzie may charge you or the Plan fees as published by it from time
to time. Mackenzie will give you at least 30 days’ notice of any change in its account fees. In
addition, Mackenzie is entitled to charge the Plan fees for out-of-the-ordinar y services requested
by you or a Dealer in connection with the Plan and is entitled to reimbursement from the Plan
for all disbursements, expenses and liabilities incurred by either of us in connection with the
Plan. Without limiting the generality of the foregoing, these fees, disbursements, expenses
and liabilities may include: brokerage fees and commissions, custodian fees, administration
fees and redemption fees incurred in connection with investments held in the Plan; investment
advisory fees paid to a Dealer; legal and accounting fees; fees in connection with financial
arrangements made to facilitate the conversion of currency; and taxes, interest and penalties
imposed on the Plan. Mackenzie is entitled to deduct the unpaid fees, disbursements, expenses
and liabilities from the assets of the Plan or any other account held by you with us or any
of our affiliates and for this purpose we are authorized but not obliged to realize sufficient
assets of the Plan selected by Mackenzie. We are not responsible for any resulting loss.
25.
Tax Imposed on you or the Plan
: If the Plan becomes liable for tax, interest or penalties under
the Tax Act or provincial legislation, the Trustee may sell any investment of the Plan to pay the
liability. The Trustee may, but is not obliged to, sell or otherwise dispose of any investment of
the Plan to avoid or minimize the imposition of tax, interest or penalties on you or the Plan.
We will not be liable for any tax, interest or penalty imposed on you or the Plan or for any
loss resulting from the disposition or failure to dispose of any investment held by the Plan.
26.
Delegation of Duties
. Each of us may appoint agents (including our affiliates) and may
delegate to our agents the performance of any of our duties or responsibilities under this
contract including but not limited to administrative duties such as accepting Contributions to
the Plan, executing investment instructions, safekeeping the assets of the Plan, account and
record keeping, preparing and issuing statements and tax receipts, communicating with you,
a Dealer or legal representatives and responding to your or their concerns. Each of us may
employ or engage accountants, brokers, lawyers or others and we may rely on their advice
and services. We will not be liable for the acts or omissions of any of our agents, advisors or
service providers and will not be liable for the acts or omissions of a Dealer or any of your
other agents, advisors or service providers. Mackenzie may pay to the Trustee, any agent,
advisor, service provider or Dealer all or part of the fees received by it under the provisions
of this contract and/or a fee calculated by reference to currency converted in the Plan.
27.
Indemnity
. None of us, our officers, employees and agents will be liable for and are indemnified
by you and the Plan from and against all expenses, liabilities, claims, losses and demands of
any nature arising out of the holding of the assets of the Plan; the dealing with the assets of
the Plan in accordance with instructions which we, our officers, employees or agents believe
in good faith to be given by you or a Dealer or other agent; making financial arrangements
to settle trades; and the sale, transfer or release of assets of the Plan in accordance with this
contract, unless caused by or resulting from our dishonesty, bad faith, willful misconduct or
gross negligence.
28.
Amendments
. From time to time, Mackenzie may amend this contract with the approval of
the Trustee and the CRA provided that the amendment does not disqualify the Plan as an
RESP under the Tax Act. Any amendment to ensure that the Plan continues to comply with
the Tax Act or other legislation will be effective without notice. Any other amendment will
be effective not less than 30 days’ after notice has been provided to you.
29.
Assignment by Subscriber
. If you are a Public Primary Caregiver, you may assign your interest
in this contract to an individual or another Public Primary Caregiver who has agreed in writing
to acquire your interest. If you are an individual, you may assign your interest in this contract
to your spouse, common law partner, former spouse or former common law partner (as
recognized by the Tax Act) following a relationship breakdown to effect a division of property
pursuant to marital property legislation. An assignment will not be effective until an executed
copy of the assignment has been delivered to Mackenzie. The assignor will have no rights or
entitlements as subscriber under the Plan after the effective date of the assignment.
30.
Assignment by Mackenzie
. Mackenzie may assign its rights and obligations under this contract
to any corporation resident in Canada, provided that the assignee corporation executes any
agreement which is necessary or advisable for the purposes of assuming the rights and
obligations under this contract and further provided that an assignment of this contract
may not be made without prior written consent of the Trustee, which consent may not be
unreasonably withheld.
31.
Successor Trustee
. The Trustee may resign and be discharged from all duties and liabilities
under this contract by giving written notice to Mackenzie who is initially nominated to appoint
a company as successor trustee. If the company appointed by Mackenzie does not accept
the office of trustee under the Plan within 30 days’ of being appointed, then Mackenzie may
nominate you to appoint a successor trustee by providing notice to you. Upon acceptance of
the office of trustee of the Plan, the successor trustee will be trustee of the Plan as if it had
been the original declarant of the Plan and the Plan continues in full force and effect with
the successor trustee. At the time of the appointment of the successor trustee, the Trustee
will be relieved of all duties and liabilities under this contract. If you are unable to appoint
a successor trustee who accepts the office of trustee under the Plan within 60 days’ of you
being nominated to appoint a successor trustee, the Plan will be terminated.
32.
Notice to you
. Any notice, request or other communication required or permitted to be given
to a person by us must be in writing and will be sufficiently given if it is sent by pre-paid mail,
telecopier, electronic mail or other form of electronic transmission addressed to the person
at the address provided for that person on the Application or subsequently provided by you
or a Dealer in a notice to us. For greater certainty, we are not responsible for verifying the
accuracy or currency of any address provided to us. Any notice, request or other communication
will be deemed to have been given to and received by the person on the day of mailing or
transmission.
33.
Notice to us
. Except as otherwise provided in this contract, any notice, request or other
communication required or permitted to be given to us by you or a Dealer must be in writing
and will be sufficiently given if it is in a form satisfactory to us and is received by Mackenzie
by pre-paid mail, courier, or telecopier addressed to “Mackenzie Financial Corporation” at the
address for Mackenzie last provided to you. We are permitted but not obliged to accept and
act on any notice, request or other communication given to us by you or a Dealer by internet,
electronic transmission or telephone. We may for any reason refuse to act on any notice,
request or other communication given to us by you or a Dealer and we will not be responsible
for any resulting loss. Any notice, request or other communication given to us will be deemed
to have been given to us and received by us at the time of actual receipt by Mackenzie.
34.
Heirs, Executors and Assigns
. The terms of this contract and the trust established by this
contract will be binding on your heirs, executors, administrators, permitted assigns and any
person who makes Contributions to the Plan in respect of a Beneficiary following your death.
The terms of this contract and the trust established by this contract will be binding on our
successors and assigns.
35.
Interpretation
. Words importing the singular include the plural and vice versa and words
importing the masculine gender include the feminine and neuter genders. This contract will be
constructed, administered and enforced in accordance with the laws of Canada and Ontario.
36.
Family Specimen Plan
: RESP 1005002.
Revised: January 2014
PRE-AUTHORIZED DEBIT
TERMS & CONDITIONS
a)
By signing this application, you (the bank account holder(s)) hereby waive any pre-notification
requirements as specified by sections 15(a) and (b) of the Canadian Payments Association
Rule H1 with respect to pre-authorized debits.
b) You authorize Mackenzie Financial Corporation (Mackenzie) to debit the bank account provided
for the amount(s) and in the frequencies instructed.
c)
If this is for your own personal investment, your debit will be considered a Personal Pre-
authorized Debit (PAD) by Canadian Payments Association definition. If this is for business
purposes, it will be considered a Business PAD. Monies transferred between CPA members
will be considered a Funds Transfer PAD.
d)
You have certain recourse rights if a debit does not comply with this agreement. For example,
you have the right to receive reimbursement for any debit that is not authorized or is not
consistent with this pre-authorized debit agreement. To obtain more information on your
recourse rights, you may contact your financial institution or visit www.cdnpay.ca.
e)
You confirm that all persons whose signatures are required to authorize transactions in the
bank account provided have signed this agreement.
f)
You may change these instructions or cancel this plan at any time, provided that Mackenzie
receives at least 10 business days notice by phone or by mail. To obtain a copy of a cancellation
form or for more information regarding your right to cancel a pre-authorized debit agreement,
please consult with your financial institution or visit the Canadian Payments Association
website at www.cdnpay.ca. You agree to release the financial institution of all liability if the
revocation is not respected, except in the case of gross negligence by the financial institution.
g)
Mackenzie is authorized to accept changes to this agreement from my registered dealer or
my financial advisor in accordance with the policies of Mackenzie, in accordance with the
disclosure and authorization requirements of the CPA.
h)
You agree that the information in this form will be shared with the financial institution,
insofar as the disclosure of this information is directly related to and necessary for the proper
application of the rules applicable for pre-authorized debits.
i)
You acknowledge and agree that you are fully liable for any charges incurred if the debits cannot
be made due to insufficient funds or any other reason for which you may be held accountable.
j)
You have requested this application form and all other documents relating hereto to be in
English. Vous avez exigé que ce formulaire et tous les documents y afférant soient rédigés
en anglais.
February 2010
PRIVACY PROTECTION NOTICE
Mackenzie Financial Corporation (referred to in this Notice as “we”, “us”, “our”, and “Mackenzie”)
has always been committed to protecting the privacy of personal information that we collect and
maintain in the course of carrying on our business. This Notice describes how we collect, hold,
use, and disclose your personal information. Please read this Notice and contact us through any
of the means listed at the end of the document if you have any questions.
Members of the Mackenzie Group of Companies include any affiliates or successor companies of
Mackenzie whose business relates to a purpose identified in this Notice.
In this Notice, your “Dealer” refers to an individual or entity acting or representing that it acts in
connection with your investments as your investment advisor, broker, or dealer, or on behalf of
your investment advisor, broker, or dealer. By applying for one of our products or services, you
acknowledge and agree that your Dealer is your agent and not our agent. We are entitled to
accept and act on any notice, authorization, or other communication that we believe in good faith
to be given by you or your Dealer on your behalf. We are under no obligation to verify that your
Dealer is properly authorized to act as your agent or is otherwise authorized to act on your behalf.
1. Client Record and Personal Information
: We hold the personal information we collect about
you (and your spouse and/or beneficiary as applicable) for the purposes identified in this Notice
in a record called the “client record”. Depending on the investment or service you request, the
personal information in your client record may include your name, address, telephone number,
social insurance number (“SIN”), birth date, account holdings, and the name, address, and
SIN of your spouse and/or beneficiary among other information. For example, if you have
established a pre-authorized payment plan, your financial institution account number is also
held in your client record. Where you provide personal information about another individual,
you represent to us that you are authorized to disclose such information to us.
2. Providing Your Personal Information to us:
When you or your Dealer complete an application
form or otherwise open an account with Mackenzie, you are providing personal information
to Mackenzie, including, where applicable, personal information concerning your spouse
and/or beneficiary, in order to:
A.
make an investment;
B.
provide instructions about an investment you have made; or
C.
receive information related to an investment you have made.
Mackenzie collects this personal information, holds it in your client record, uses it, and
discloses it for the purposes identified in this Notice.
3. Collecting, Holding, Using, and Disclosing Personal Information in Your Client Record
:
Mackenzie may collect, hold, and use the personal information in your client record as well
as collect personal information from and disclose personal information to the third parties
identified in paragraph 4 for the following purposes:
A.
identifying you and ensuring the accuracy of information contained in your client record;
B.
establishing and administering your account, determining, maintaining, recording, and
storing account holdings and transaction information in your client record;
C.
executing transactions with or through Mackenzie including transferring funds by electronic
or other means;
D.
providing you and your Dealer with account statements, transaction confirmations,
tax receipts, financial statements, proxy mailings, registered plan notices, and other
information which you or your Dealer may request as needed to service your account;
E.
verifying information previously given by you with any other organization when necessary
for the purposes provided in this Notice;
F.
processing pre-authorized debit transactions;
G.
collecting a debt owed to Mackenzie;
H.
engaging in the financing or sale of all or part of our businesses, reorganizing our
businesses, and obtaining and submitting insurance claims; and
I.
meeting legal and regulatory requirements.
4. Third Parties
:
A.
Mackenzie may collect your personal information for the purposes identified in this
Notice from third parties such as your Dealer, other companies in the Mackenzie Group
of Companies, other financial institutions and mutual fund companies, and from third
parties who represent that they have the right to disclose the information.
B.
Mackenzie may transfer your personal information for the purposes identified in this
Notice to our service providers, such as account statement preparation and mailing
companies, courier companies, imaging companies, and document storage companies.
When Mackenzie transfers personal information to our service providers, we ensure by
contractual means that the transferred personal information is used only for the purposes
for which the service provider is retained and is protected to the same degree as it is
when in our possession. We may use service providers located outside of Canada, and
where we do, personal information may be disclosed in accordance with the laws of the
jurisdiction in which the service provider is located, including to the government in that
jurisdiction and its agencies.
C.
Mackenzie may disclose your personal information to third parties where permitted or
required by law, such as disclosure for tax purposes to the Canada Revenue Agency.
D.
Mackenzie may disclose your personal information for the purposes identified in this Notice
to third parties such as your Dealer, third party service providers, data-processing firms,
other companies in the Mackenzie Group of Companies, other financial institutions and
mutual fund companies, and group plan administrators. If you wish to withdraw consent
to the continuation of this type of information sharing or discuss the implications of such
withdrawal, please contact us. Your decision to withdraw consent may prevent Mackenzie
from providing or continuing to provide products and services to you because the disclosure
to third parties is a necessary part of making the product or service available to you.
5. Using Your SIN
: By law, Mackenzie is required to use your SIN when submitting tax reports
to the Canada Revenue Agency. We may use your SIN as an identifier for reasons such as
consolidating your holdings so that fees associated with your account are reduced or are
not charged more than once, or that your mailings are delivered in one envelope or are not
duplicated. Also, we may share your SIN as a unique identifier for the purposes identified in
this Notice to third parties such as your Dealer, group plan sponsor, and third party service
providers. If you have any questions or concerns about the use of your SIN please contact us.
6. Location of Your Client Record
: Your client record is kept in electronic, microfilm, or paper
format primarily in Toronto, but it may also be kept in other Canadian locations. To request
access to your client record, please contact us.
7. Changes to Your Personal Information
: Please inform Mackenzie promptly of any change in
the personal information that you have provided.
8. Right to Access and Rectify Personal Information
: You are entitled to access, through a written
request, the personal information contained in your client record, subject to limited exceptions
set out in law. You may verify this personal information and request that any inaccurate
information be corrected. To access and correct your personal information, please contact us.
9. Resolving Your Questions and Concerns
: If your concerns about access to and/or the
correction of your personal information have not been resolved to your satisfaction, or
if you have any questions or other concerns about our management of your personal
information, you can contact the Privacy Compliance Officer, Mackenzie Financial
Corporation, 180 Queen Street West, Toronto, Ontario, M5V 3K1. You may also send an
email to privacy@mackenziefinancial.com. If after contacting the Privacy Compliance
Officer your question or concern has not been resolved, we can direct you to the
appropriate federal or provincial Privacy Commissioner.
Mackenzie Client Relations:
Telephone: 416-922-3217 or 1-800-387-0614
E-mail: service@mackenzieinvestments.com
Revised: January 2012
AP1004 1113182 12/19
GENERAL INQUIRIES
For all of your general inquiries and account information please call:
ENGLISH 1-800-387-0614
BILINGUAL 1-800-387-0615
ASIAN INVESTOR SERVICES 1-888-465-1668
TTY 1-855-325-7030 416-922-4186
FAX 1-866-766-6623 416-922-5660
E-MAIL service@mackenzieinvestments.com
WEB mackenzieinvestments.com
Find fund and account information online through Mackenzie Investments’ secure InvestorAccess.
Visit mackenzieinvestments.com for more information.
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Mackenzie Education Savings Plan (Mackenzie Investments)

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Completed 21 June 2021

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