Canadian Western Trust

Bare Trust

Redefining value and service in bare trust and cash custody expertise

At Canadian Western Trust our mission is simple: deliver a genuinely personalized bare trustee service under terms that maximize client value. With three decades of experience offering registered plan trustee services, we’re proud to have built our reputation with the values that allow us to deliver our industry leading customer experience.

With nearly 30 years of expertise helping firms like yours optimize their bare trust arrangements, we’re proud to have built our reputation on the matters that mean the most:

  • Act as bare trustee for all registered accounts, including RSPs, RIFs, RESPs, RDSPs and TFSAs
  • Hold and pay attractive interest rates on uninvested cash balances for both registered and non-registered accounts, with daily net settlement
  • Pay CDIC premiums for client cash balances eligible for CDIC coverage
  • Provide agency agreement documents
  • Register specimen plans with CRA
  • File updated application forms, declarations of trust, and locked-in addenda with applicable regulators
  • Respond to any questions on the administration of registered plans, providing guidance and oversight to your Operations Team as required
  • Reference Manual – We provide a comprehensive Self-Directed Registered Products Manual to all bare trust clients as a reference tool. The manual is updated as regulatory and legislative changes dictate    
  • Locked-in Reference Guide – With 10 different pension regulators, we recognize that locked-in plans are often a challenging area for our bare trust clients. To assist, we created and maintain a Locked-in Reference Guide. This guide provides links to the regulators’ websites addressing the most common provisions, commonly accessed forms, and reference points to provisions in the statutes
  • Legislative Updates – We monitor legislative and regulatory changes that affect registered plans. We proactively communicate relevant information to key contacts at your firm
  • Annual Review – We will perform an annual review of your registered account procedures and documentation. We will provide feedback to the appropriate contacts based upon the findings of this review and will schedule and facilitate additional training if and as required
  • Presentations from Subject Matter Experts – From time to time, we will give presentations and training on topics of interest (e.g. overview of locked-in rules by province) either onsite or via webinar

Questions?

Contact us today for a customized quote for your account.