Fiduciary Trust and 17440961 Inc. Amalgamation

Summary#

This notice says that Fiduciary Trust Company of Canada and 17440961 Canada Inc. plan to apply for letters patent to merge the two firms into a single trust company. The application, published in the Canada Gazette on January 17, 2026, is conditional on regulatory approvals for a separate proposed acquisition and is not a final decision.

What it does#

• The two companies will make a joint request to the Minister of Finance under the Trust and Loan Companies Act to create one company by amalgamation.
• If approved, the continuing company would use the English name Fiduciary Trust Company of Canada and the French name La Société Fiduciary Trust du Canada.
• The merged company’s head office would be in Mississauga, Ontario.
• The amalgamation is conditional on the target company getting required regulatory approvals for a related change of control (called the “Proposed Acquisition” in the notice).
• The amalgamation would only take effect after that Proposed Acquisition is completed, and on whatever effective date is set in the letters patent.
• The notice was signed on January 3, 2026 and the Gazette publication does not guarantee that letters patent will be issued.

Who's affected#

• Customers and clients of Fiduciary Trust Company of Canada could notice changes if the merger and acquisition go ahead.
• Employees and managers of both companies may be affected by any reorganization.
• Owners or shareholders connected to 17440961 Canada Inc. are directly involved in the transaction.
• Regulators and the Minister of Finance are involved because approvals are required.
• It is not fully clear from the notice whether other banks, creditors, or third parties will be affected.

Why it matters#

• The move would combine two corporate entities into one trust company, which can change who controls the business and how decisions are made.
• A new or relocated head office (Mississauga) and any follow-up restructuring could affect local jobs, customer service arrangements, or business operations.
• Because the amalgamation depends on regulatory approval of a separate acquisition, this is an early step — not a completed deal — so outcomes are still uncertain.