Day 3

What forms is common among all entities? Select all that applies

• corporation resolution

• signature card

• Business Banking Service Agreement

• Checklist

• Business Access Card Schedule

How many different resolution forms are there?

• 1

• 2

• 3

• 4

For Corporation Resolution what is the Signing Requirement? Select all that applies

• All signors must sign

• All Directors sign

• any 2 titled officers to sign

• 100% owner

If we have a Quebec speaking or resident customer what must we provide?

• Provide French copies of all documents

• Transfer to Montreal BBS

• Offer translation services

• Nothing

What items are typically on articles of incorporation? Select all that applies

• Incorporation Number (BIN)

• Registered Address

• Ownership

• Directors

• Phone numbers

Formal Trust consists of:

• Mixed and informal Trusts

• Family and Mixed Trusts

• Estate Trusts only

• Living and Testamentary Trust

Which trust would you set up for a Lawyer that has arrangements?

• Testamentary Trust

• Family Trust

• Mixed Trust

• General Trust

For Lawyers Trust, are they required to provide a Letter of Direction?

• YES

• NO

For all trusts, what is the same procedure we must do?

• obtain trust agreement

• CDIC Related Parties Tool

• Lodge MCOM

• Submit a CIPs form

Person(s) who manages and administers the trust account are:

• Settlor

• Beneficiary

• Trustee

• Protector