November 17, 2017
Canada Protection Plan‘s Application
As of July 1, 2017, clients with international tax status purchasing a Whole Life Insurance policy with cash value through Canada Protection Plan have been required to provide a “Declaration of Tax Residence”. To comply with this regulation we have included this in a soon to be released Application (10/17) that will be made available, including the most convenient method which is e-Access as of Friday, November 17th.
This change in the application (10/17) adheres to the new guideline and simplifies the process when sending in completed applications, as a separate declaration form will no longer be required.
It is important to note – if you have any pending (10/16) e-Applications (e-Access) to complete, please ensure that they are received here no later than by end of day on Thursday, November 16th.
The only e-Access application accepted as of November 17th will be dated 10/17.
All current PRINTED applications (10/16) in circulation are fine to continue using, however a completed declaration of tax residence form(s) is required to be provided along with this application (10/16) when sending to our head office.
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