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mcan for Ontario only?
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Email thisJuly 1, 2023
8:23 pm
8:23 pm
NCC1701Z
Lower Mainland
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Forum Posts: 146
Member Since:
May 26, 2022
May 26, 2022
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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
9:45 pm
Norman1
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Forum Posts: 7425
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April 6, 2013
April 6, 2013
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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
11:20 am
dickyran333
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Forum Posts: 70
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November 25, 2019
November 25, 2019
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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.
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