Equitable Bank Addresses; Fiduciary Capital Cut; Intact Amalgamation

Summary#

This Canada Gazette entry contains several short notices about financial institutions. It announces new mailing addresses for enforcement notices for Equitable Bank, a planned reduction of stated capital by Fiduciary Trust Company of Canada of up to $22.0 million, and a proposed amalgamation of Royal & Sun Alliance Insurance Company of Canada, Intact Insurance Company and 13130100 Canada Inc. into a single Intact Insurance Company. These items were published on June 21, 2025 (with the trust company resolution dated June 13, 2025) and are mostly formal steps that still need regulatory approvals.

What it does#

• Equitable Bank: Changes the designated offices used for service of enforcement notices.
  • In British Columbia, the new address is 601 West Hastings Street, Suite 1400, Vancouver, British Columbia V6B 1M8.
  • In Ontario, the new address is 2200-25 Ontario Street, Toronto, Ontario M5A 0Y9.
  • These notices refer to the Support Orders and Support Provisions (Banks and Authorized Foreign Banks) Regulations under the Bank Act (Canada).
• Fiduciary Trust Company of Canada: Intends to apply to the Superintendent for approval to reduce the stated capital of its common shares by up to $22.0 million. The company’s sole shareholder approved this on June 13, 2025. The notice warns that publication is not proof that approval will be granted.
• Royal & Sun Alliance Insurance Company of Canada, Intact Insurance Company, and 13130100 Canada Inc.: Plan to apply for letters patent to amalgamate into one company named Intact Insurance Company (English) / Intact Compagnie d’assurance (French). Key points:
  • The application to the Minister of Finance may be made on or after July 14, 2025.
  • The proposed effective date is January 1, 2026 (or another date fixed by the letters patent).
  • A report from an independent actuary will be available to policyholders on request at the companies’ Toronto address.

Who's affected#

• People or organizations that need to serve legal or enforcement notices to Equitable Bank in British Columbia or Ontario — they should use the new addresses.
• The sole shareholder of Fiduciary Trust Company of Canada, because the proposed reduction would let the company distribute up to $22.0 million to that shareholder if approved.
• Policyholders of Intact Insurance Company and Royal & Sun Alliance Insurance Company of Canada, since the amalgamation would combine the two insurers into one entity and policyholders are explicitly offered access to the actuary’s report.
• Others who may notice downstream effects include employees, brokers, and creditors of the firms, though the notices do not spell out specific operational changes.

Why it matters#

• Updated addresses for service matter for legal timelines. If you need to send an enforcement or legal notice to Equitable Bank in BC or Ontario, those notices should go to the new addresses.
• A reduction of stated capital of up to $22.0 million is a financial move that could affect the company’s reported capital and the amount returned to its sole shareholder. Approval by the regulator is required, so the outcome is not certain.
• The proposed amalgamation could change which company manages policies, claims, or customer service for affected policyholders. The independent actuary’s report is available to policyholders so they can review financial impacts, but final approval by regulators is still needed.