2018-19 RSP season extended hours

During the final weeks of the RSP season, we will be extending our Clients Services hours to assist in answering any questions you may have.
 

 


Investment Lending
(for RSP Loans)

 


Dealer Services and Deposits    
 


Saturday, February 16


9:30 a.m. – 6:00 p.m. ET

9:30 a.m. – 6:00 p.m. ET


Monday, February 18
(Family Day – AB, ON, SK)


8:00 a.m. – 8:00 p.m. ET


8:00 a.m. - 8:00 p.m. ET


Saturday, February 23


9:30 a.m. – 6:00 p.m. ET


9:30 a.m. – 6:00 p.m. ET


Monday, February 25
Tuesday, February 26


8:00 a.m. – 8:00 p.m. ET


8:00 a.m. – 8:00 p.m. ET


Wednesday, February 27
Thursday, February 28

7:00 a.m. – 9:00 p.m. ET

7:00 a.m. – 9:00 p.m. ET


Friday, March 1

7:00 a.m. – 11:59 p.m. ET

7:00 a.m. – 9:00 p.m. ET

Important reminders

With the RSP season quickly coming to a close, we would like to remind you of some key dates and information that will help you with your clients' RSP contributions.

First 60-day contribution receipts

In order for your clients to be eligible for first 60-day contribution receipts, RSP Loan applications and supporting documentation must be received in good order at B2B Bank by 5:00 p.m. ET on Friday, March 1, 2019. EASE is available until 11:59 p.m. ET on March 1, 2019 for new loan submissions. Paperwork for outstanding EASE applications that are received in good order after this deadline will result in clients receiving a contribution receipt that may be deducted from their 2019 income. We recommend you contact the trustee for information about their final date for issuing first 60-day contribution receipts. As always, we strongly encourage you to send in all required documentation, in good order, by 5:00 p.m. ET on Friday, March 1, 2019.

RSP Loans

To help reduce loan application delays, we encourage you to use EASE. Refer to our RSP Loan Checklist located on the last page of the loan application to ensure you've accurately completed the application and submitted all required support documentation.

Important: If using EASE, ensure that you obtain all required client signatures on the application prior to submitting the loan documentation.

RRSP Accounts

Cash or in-kind contributions to a B2B Bank Dealer Services RRSP account and/or a B2B Bank Deposit RRSP account made between January 1 and March 1, 2019, may either be used against 2018 or 2019 income. Beginning March 2, 2019, contributions to these accounts cannot be used against 2018 income.

Should you have any questions, please contact B2B Bank Client Services at 1.800.263.8349 or B2B Bank Dealer Services at 1.800.387.2087.
 


RRSP contributions cannot be deducted from income in all circumstances. Potential tax refunds are dependent on a number of factors, and making an RRSP contribution will not yield a tax refund in all circumstances. Consult a qualified tax professional for more information. This communication is intended exclusively for licensed financial advisors and head offices and is for information purposes only. It can be distributed internally to all representatives of head offices. This communication is not intended for distribution to the general public. B2B Bank is a wholly-owned subsidiary of Laurentian Bank of Canada. B2B Bank does not provide investment advice to individuals, dealers or financial advisors and does not endorse or promote any investment products, programs or strategies. The dealer and financial advisor, not B2B Bank, are responsible for determining the suitability of investments for their clients and for informing them of the risks associated with borrowing to invest. The B2B Bank RSP Loan program is available exclusively through licensed financial advisors. B2B Bank acts solely in the capacity of lender and loan account administrator. Any loan approval from B2B Bank should not be construed as an endorsement of any investment choice, program or strategy. All RSP loans are subject to credit approval and borrowed monies are due and payable regardless of the performance of the investments purchased. B2B Bank Dealer Services includes B2B Bank Financial Services Inc. (an MFDA member), B2B Bank Securities Services Inc. (an IIROC member, Member – Canadian Investor Protection Fund) and B2B Bank Intermediary Services Inc. (an AMF-regulated dealer operating in Quebec). ®B2B BANK is a registered trademark of B2B Bank.