Annual Banking Report 2013

Deadline:

Pursuant to Directive No. 5R4, Estate Funds and Banking, trustees and administrators are required to submit their Annual Banking Report (ABR) and Request for Bank Confirmation to the Office of the Superintendent of Bankruptcy (OSB) no later than May 31, 2013. All estates must be listed in the ABR; do not forget to include joint estates.

There are two filing methods available: electronic filing and paper filing. We encourage using the electronic filing system to submit your ABR.

Electronic filing

Do not forget to file your electronic ABR under your corporate licence.

Instructions:

  1. If you have not already done so, contact your software provider to obtain the necessary update.
  2. Log in to the E-Filing system and click on “Upload Annual Banking Report” in the left menu.
  3. Upload the ABR data file.
  4. Record the reference number.
  5. Mail the original of Schedule 1 (Request for Bank Confirmation) to your Regional Coordinator.

For more detailed instructions, see the manual E-Filing: A Guide for Insolvency Professionals.

Benefits:

  • Speed: Data transfer is immediate. You do not need to print the report. The OSB will process your ABR more quickly.
  • Simplicity: ABR electronic filing is even easier than the process for filing new estates.
  • Reliability: Fewer people involved reduces the risk of error.

Paper filing

Mail the following documents to your Regional Coordinator:

  • Request for Bank Confirmation (Schedule 1) for each financial institution in which the trustee or administrator has trust accounts (do not forget to include the trustee’s full address).
  • Annual Banking Report (Schedule 2) for all trust accounts open as at .
    Note: Only the version of Schedule 2 found in Directive No. 5R4 will be accepted. If necessary, check with your software provider to ensure that you have the latest version of Schedule 2.

Instructions:

  1. Indicate on the first page of Schedule 2 the name of each trustee responsible for bank accounts.
  2. Paginate the ABR.
  3. Use a large enough font to be legible (e.g., Times New Roman 11).
  4. Group together estates with funds deposited in the same consolidated account.
  5. Indicate the name of a contact person who can respond to questions from the OSB and be responsible for any subsequent follow-up that might be necessary.
  6. Indicate the total number of estates and total bank balances in consolidated bank accounts.
  7. Mail the ABR to your Regional Coordinator—do not email it.

Do not hesitate to contact your Regional Coordinator if you have any questions regarding the ABR.

Thank you,

Elisabeth Lang, LL.B
Director General, Program Policy and Regulatory Affairs

Regional Coordinators

Eastern Region

Halifax Office
1505 Barrington Street, 16th Floor
Halifax NS B3J 3K5
Attention: Dana Fraser

Québec City Office
702-1550, d'Estimauville Avenue
Québec QC G1J 0C4
Attention: Patrick Lebrun

Montréal Office
1155 Metcalfe Street, 10th Floor, Suite 950
Montréal QC H3B 2V6
Attention: Jean-Philippe Varin

Ontario Region

Hamilton Office
55 Bay Street North, 9th Floor
Hamilton ON L8R 3P7
Attention: Ed Curtis

Western Region

Vancouver Office
300 West Georgia Street, Suite 2000
Vancouver BC V6B 6E1
Attention: Jonathan Lee