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mcan for Ontario only?
July 1, 2023
8:23 pm
NCC1701Z
Lower Mainland
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Site states "MCAN does not accept non-resident deposit, Informal In Trust registration and Locked-in RRSP."

Does this mean Ontario residents only?

July 1, 2023
9:45 pm
Norman1
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I suspect that is meant to exclude non-residents of Canada.

MCAN's Checklist for Term Deposit Applications requires the following for Source of funds and Registration:

  • Clear copy of a cheque drawn on a Canadian bank to purchase the investment
  • Cheque payee(s) must be matched with names on application
  • Full name of all applicants, or business / partnership / organization / corporation as applicant
  • Civic / Legal address in Canada (PO Box is not acceptable for urban areas)
July 2, 2023
11:20 am
dickyran333
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I think non-resident usually means non-resident of a country.

I'm from Vancouver and have recently opened both unregistered and RRSP GICs with them.

July 2, 2023
12:18 pm
NCC1701Z
Lower Mainland
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Thanks, me too, will check on Tuesday. They don't accept LIRA or LIF's though 🙁

I might wait until they hit 6%

July 5, 2023
1:03 pm
NCC1701Z
Lower Mainland
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Need to use a broker to buy from them

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