Opening an Account

Q. What forms do I need to open an RSP and/or cash account?
1. KYC
2. Please include a photocopy of your Drivers License, Passport, or Health Care Card
3. A cheque for $1.00 payable to ScotiaMcLeod to fulfill federal government money laundering requirements
4. *Optional - Investment Planning Questionnaire

Q. What form do I need to consolidate my other RSP's?
* One T2033 per institution
Please sign at the bottom of Area 1 (annuitant's signature) and attach a copy of your most recent statement

Q. Can I access my account online?
Yes, please please email or call us. We will need an email address and your mother's maiden name in order to set up your online access.

Q. I'm moving, what do you need to change my address?
Please input your name and new address on our MKYC and sign the bottom. This should be done for each person.

Q. How Often Do I Get My Statement?
ScotiaMcLeod statements are issued monthly whenever there is activity in your account during that
month. Statements are generally mailed within 5 business days of month end. If there is no activity a quarterly statement is issued.

Q. I hold a group RRSP. How Can I Change My Payroll Deduction Investment Funds?
The fund(s) you selected on your application form will be purchased until we are informed otherwise. Over time, you will want to diversify your account by adding more funds. To make a change to your investments simply contact us in writing or print off our CA62. While we can make one time changes to your account verbally, changes to ongoing instructions must be in writing.

Q. I would like to make a contribution to my RSP, who should I make the cheque payable to?
Please issue the cheque to ScotiaMcLeod. Kindly note that the cheque cannot be a Third Party cheque and needs to be drawn from your own bank account (a spousal bank account is okay).

Q. Am I able to make a contribution to my RSP account online?
Yes, but only if you bank at Scotiabank and if you have online access. There should be a tool bar on the left side of your screen under Investments which should direct you to making a contribution directly. We will give you a call once we see it come through our system.

Q. I would like to make a repayment to the Home Buyers Plan I participated in, how do I go about doing that?
Simply make a contribution to your RSP account as you might normally. You will then have to file a completed Schedule 7 with your income tax return to designate the contributions as a HBP repayment.

You will receive a Home Buyers' Plan (HBP) Statement of Account each year with your Notice of Assessment or Reassessment. This statement will show the total HBP withdrawal, the amount you have repaid to date, your HBP balance and the amount you have to repay the following year.