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CLICK HERE for the IFIC First 60-day Processing Guide
Trades as a result of T2033 transfers or rollovers will automatically be coded as first 60-day transactions. Funds can be received up until Thursday, April 18, 2019 as long as documentation is dated March 1, 2019 or before.
Up to and including Friday, March 1, 2019: Contributions dated Friday, March 1st or before, processed electronically by 4PM EST or received by our office PRIOR to 5PM CST for direct trades are automatically coded as first 60-day transactions.
Up to and including Tuesday, March 5th, 2019: Contributions processed electronically by 4PM EST or received by our office PRIOR to 5PM CST on Tuesday, March 5th should indicate that they are to be coded first 60-days, but will NOT require an LOI.*
AFTER Tuesday, March 5th, 2019: Contributions processed electronically AFTER 4PM EST or received by our office AFTER 5PM CST on or after Tuesday, March 5th WILL require an LOI to be coded as first 60-day transactions.
Rollovers: Units originally purchased during the first 60-days of the year are allowed a 30 day grace period prior to the 8 year maturity, during which rollovers can be processed. Process rollovers per timelines shown above to receive a first 60-day contribution period.
*Wireorders/FundSERV: manually change the contribution period value to “P – previous period”. Non-electronic/Direct: write “First 60-days” on top of Subscription and Rollover forms.
Please note that these should not be considered an extension to the March 1, 2019 deadline for RRSP contributions. Documentation must be dated March 1, 2019 or before.
