Notice: Please be advised that due to ongoing labour disruptions at Canada Post, there may be delays in mail delivery. As a result, this may impact our ability to process and deliver certain services. If you are affected and need to discuss alternative methods to serve you better, please click here to contact us.
Please note that call wait times may be longer than usual. We appreciate your patience and understanding.
Attention: Notez qu’en raison d’une interruption de travail à Postes Canada, il pourrait y avoir des retards dans la livraison du courrier. Par conséquent, cela peut avoir une incidence sur notre capacité à traiter certaines transactions et à fournir certains services. Veuillez cliquer ici pour communiquer avec nous si cette situation vous affecte ou si vous voulez discuter d’autres façons de mieux vous servir.
Prenez note que les temps d’attentes pourraient être plus longs que d’habitude. Nous vous remercions de votre patience et de votre compréhension.
Confirmation of Down Payments & Requirements
| Down Payment Source | Requirements |
| Savings Account | Bank Account Statements from the last 90 days |
| Redemption of Investments | A copy of a bank statement showing the funds being deposited and a copy of the investment withdrawal |
| Funds that are gifted | Gift Letter & Proof of correlating deposit into Account (Note: A gift letter must come from an immediate family member) |
| RRSPs | RRSP statement for the last 90-days and evidence of the RRSP withdrawal |
| Funds coming from an existing credit facility at another Financial Institution | Evidence of sufficient credit availability – bank or loan statement |
| Funds coming from a new credit facility at another Financial Institution | A copy of new loan agreement / commitment letter |
| Sale of Existing Property | A copy of the accepted sales Agreement |
Forms & Purposes
| FORM | PURPOSE |
| Profile Form – Entity | For KYC purposes and confirmation of ownership, control and structure including Beneficial Owners, Directors |
| WHO: | Corporations or other entities |
| Profile Form – Individual | For KYC purposes and Identification of Individual Borrowers, and signing officers. |
| WHO: | Individual Borrowers |
| Profile Form – Family Trust | For KYC purposes and confirmation of ownership, control and structure including Trustees, Settlors, Beneficiaries |
| WHO: | Trusts |
| Profile Form – Widely Held Trust | For KYC purposes and confirmation of ownership, control and structure including Trustees, Settlors, Beneficiaries. |
| WHO: | Widely Held Trusts – Publicly Held Trusts – IE: REITs |
| Third Party Form | To collect KYC detail for third parties (Persons or other entities) when borrowers are acting on their instructions. |
| WHO: | An individual or entity, other than the account holder, who gives instructions about the account. |
| PEP Form | For clients who acknowledge PEP Status |
| WHO: | Politically Exposed Persons (PEP) |