Bonds issued by CheckMark are considered to be “qualified investments” to be held in RRSP accounts.

The interest rate depends on the Series of Bonds purchased. Please see the Offering Memorandum or consult with the EMD for detailed information regarding the Bonds

Provided that the transfer is made directly from one Trust Company to another, there are no tax consequences.

All Trust Companies charge fees for holding a RRSP account. Our designated Trust Company will charge a set-up fee of $75 + HST and an annual fee of $165 + HST for holding the account with the CheckMark Bonds. Other RRSP transactions will be billed directly in accordance with the Trust Company’s current fee schedule.

The Bonds carry a fixed rate of interest calculated on an annual basis. Interest is paid to the Bondholder each year unless the Bondholder has elected to reinvestment the interest for the purchase of additional Bonds.

The Bonds have a ten year term. Redemptions are made by CheckMark on the fifth and tenth anniversary dates. At the first redemption date, one-half of the Bonds are redeemed together with accrued interest. On the final redemption date, the balance of the Bonds are redeemed together with accrued interest.

Yes. Once the redemption has taken place, you may transfer the cash portion to any RRSP account of your choosing. If any cash is withdrawn out of the RRSP, then it will be taxable by the CRA when added to your income.

Both of our designated Trust Companies permit RRSP holders to view the current value in their RRSP’s by logging on to their online account. The online account will reflect the value of both the original Bonds together with the additional Bonds representing accrued interest.

If your RRSP is underfunded to purchase a sufficient number of Bonds, then you may make a new cash contribution to the RRSP from your own financial resources. New contributions may be made provided that you have sufficient “contribution room” available to you. For all new contributions you will receive a tax receipt which will entitle you to a tax deduction equal to your contribution.

The CheckMark Offering Memorandum contains full disclosure of all material facts concerning an investment in the Bonds. The Offering Memorandum will be provided to you by our Exempt Market Dealer whose Dealing Representative can answer all of your questions.

No. There is no maximum amount. The amount that you can invest will depend upon the funds that are held in your RRSP and your personal circumstances as determined by the EMD. If you wish to invest $100,000 or more, there are additional financial qualifications in order to qualify as an “accredited investor”. The EMD will be able to explain the legal requirements for every investment level.

The EMD is engaged by CheckMark. CheckMark is responsible for the payment of the EMD fees that are charged in accordance with the usual practice in the investment industry as a percentage of the amount invested in Bonds.

Our EMD is Meadowbank Asset Management, licensed EMD and Portfolio Manager. Meadowbank is based in Toronto at www.meadowbankasset.com. Meadowbank is wholly independent and is not related to CheckMark or any associated company.