Home TrustDepositsUpdates Updates Updates, tips, events Home Trust’s Update on COVID-19 March, 2020 With the recent news on the COVID-19 outbreak in mind, Home Trust is here to help you. I would like to provide you with an update on the steps we’ve taken in the face of this rapidly changing environment. We’re confident that these actions ensure a business as usual approach despite these unusual circumstances. Maintaining business operations Home Trust remains open for business. We have implemented steps to ensure that employees can work remotely and that we can maintain operations with a minimum of interference. As circumstances change, we will continue to adapt our plans to address the safety of our staff and clients. Thank you for your business, and for placing your trust in Home Trust. During this challenging time, we're working hard to ensure we can continue to work with you and your clients. As we continue to monitor the situation, we’ll provide further updates as required. Best regards, Melonie Dixon Vice President, Deposits French Correspondence August, 2018 All future client documents will now be made available in both official languages. This means that whenever French is selected on any new application forms, all subsequent documents will also be in French. This includes GIC confirmations, annual portfolio statements and everything else related to the client’s investments. The only exception at this time is cheques, however we are expecting these to be available in French very soon, and currently anticipate this will be ready before the end of August. We hope this new enhancement will be very useful to both you and your clients. New identification requirements June, 2018 Based on the new Financial Transactions and Reports Analysis Centre of Canada requirements to identify individuals and confirm the existence of entities under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and associated Regulations, as of January 24, 2018 the following changes are effective immediately: Only one original valid photo identification is now required for each of your clients. For seniors (67 and over) and minors (12-17) where a primary photo is not available, they can be identified through two independent and reliable sources A newly created Dual Process Method document has also been created and can be located along with all our documents at hometrust.ca/deposits/broker-forms/ Lastly, identifying an individual through the use of the credit file method is not available to brokers. All our applications have been updated accordingly. A message from Benjy Katchen, EVP Deposits & Consumer Lending July, 2017 I am very pleased to share with you that as of August 3rd, Yousry Bissada will take on the role of President and Chief Executive Officer of Home Capital and its subsidiaries Home Trust Company and Home Bank. A message from Benjy Katchen, EVP Deposits & Consumer Lending June, 2017 You’ve likely already heard that Berkshire Hathaway Inc. has agreed to acquire C$400 million of Home Capital’s common shares as part of a private placement arrangement. In addition, Berkshire will also provide an additional C$2 billion line of credit facility to Home Trust. A message from Benjy Katchen, EVP Deposits & Consumer Lending May, 2017 To our valued partners, It’s no secret that the past few weeks have been a challenge for Home Capital and its subsidiaries. We’re very aware that this situation has had a negative impact on our deposit broker partners, and we regret the stress it may have caused you and your clients. Get an extra 5 bps on GICs through Home Bank, our newest issuer! February, 2017 It gives us great pleasure to introduce our second deposit issuer, Home Bank! Home Bank is a wholly owned subsidiary of Home Trust Company, and a separate member of the Canada Deposit Insurance Corporation (CDIC). So what does this news mean for you and your clients? Well, from now on, you'll be able to select either Home Bank or Home Trust Company as the issuer for all your client's future investments. And most importantly, since Home Bank and Home Trust Company are each separate members of CDIC, their deposits will be eligible for coverage under both issuers - providing a great opportunity to benefit even more from our excellent rates. Not only that, but from now until April 28,2017, we're offering an extra 5 bps on our posted rates for all GICs issued through Home Bank! Please note that our processes will remain the same for both issuers, and our current interest rates can always be found at hometrust.ca/deposits/deposit-rates/. As well, all our applications and forms have now been updated to include Home Bank, and these can be found at hometrust.ca/deposits/broker-forms. CDIC Joint and Trust Disclosure By-law April, 2016 For Guaranteed Investment Certificates (GICs) held in trust for two or more beneficiaries, the CDIC Joint and Trust Account Disclosure By-law requires that clients report annually by May 30th whether each beneficiary's interest in the deposit as at April 30th has changed or remained the same from the previous year. Providing us with this update is necessary to ensure that the trust deposit remains eligible for CDIC coverage separate from the CDIC coverage that applies to the clients' other deposits. As required by the CDIC By-law, Home Trust Company will be sending a notification during the month of April to all affected clients informing them of this requirement. Clients will be advised to contact their Advisor to provide the required information. Please capture the beneficiaries' information on the new form "Joint Trust Beneficiary Information Form" and forward the completed form to our back office. HTC Joint-Trust-Beneficiary-Form.pdf FATCA April, 2016 As part of a Canada-U.S. tax treaty, Canadian financial institutions such as Home Trust are now required to assist in the implementation United States law known as the Foreign Account Tax Compliance Act (FATCA). A communication was sent to clients asking them to inform if they qualify as a U.S. taxpayer so that we can ensure we have the correct status on their records. FATCA Letter - Personal.pdf FATCA Letter - Commercial.pdf Ask us a question Get in touch 2300-145 King Street West, Toronto, Ontario M5H 1J8 Phone: 1-877-903-2133 or 416-775-5000 Fax: 1-888-470-2092 or 416-363-7611 inquiry.htc@hometrust.ca Contact Complaint Procedure Our solutions Mortgages Credit Cards Deposits Who we are Our Story Careers Home Trust Blog Learn more Privacy Public Accountability Legal Terms FATCA Accessibility plan Regulatory Disclosures Home Capital Group Home Bank Oaken Financial TSX:HCG #HomeHappensHere Icon facebook-square © Copyright 2021 Home Trust Company. All rights reserved.