Compliance Memorandum 2012-02; Sale of M.R.S Trust to B2B Trust
For more information, contact:
Compliance Team
compliance@gpwealth.ca
Date Issued:
January 17, 2012
As you may be aware, M.R.S. Trust was sold to B2B Trust. As a result of the sale there will be
a number of changes that impact advisors and clients.
Subject to regulatory approval, B2B trust has announced several changes including a
proposed change to registered Plan trustees from “M.R.S. Trust Company” to “B2B Trustco, a
subsidiary of B2B Trust.” This change is expected April 2, 2012.
Please be advised that by January 17, 2012, several M.R.S. Trust Company products will no
longer be available and in some cases have not been replaced by a corresponding B2B trust
product applications for these products will not be accepted after that date
| Discontinued MRS Trust product | B2B Trust product |
|---|---|
| MRS Trust Cash Surrender Value (CSV) Line of Credit | Not applicable |
| MRS Trust GICs (short and long term) and MRS Trust GIC TFSA | B2B Trust GICs (short and long term) and B2B Trust Self Directed TFSA |
| MRS Trust High Yield Plus | B2B Trust High Interest Savings Account (B2B Trust HISA™) |
| MRS Trust High Yield Tax Free Savings Account | Not applicable |
| MRS Trust Mortgages | Laurentian Bank Broker Mortgages |
| MRS Trust RESP Loan | Not applicable |
| MRS Trust RRSP Loan | B2B Trust RRSP Loan |
| MRS Trust Tax Free Savings Account Loan | Not applicable |
| MRS Trust 2 For 1 Investment Loan (Margin and No Margin Call) MRS Trust Wealth Builder Investment Loan | B2B Trust Investment Loans |
As always, if you have any questions or comments, contact the Compliance Department by email at compliance@gpwealth.ca.