Fiduciary Trust to Amalgamate with 17440961 Inc.

Summary#

Fiduciary Trust Company of Canada and 17440961 Canada Inc. say they will apply for letters patent to combine (amalgamate) into a single company called Fiduciary Trust Company of Canada (French name La Société Fiduciary Trust du Canada). The application, made under the Trust and Loan Companies Act (Canada), is conditional on the buyer getting regulatory approval; the notice was dated January 3, 2026 and published January 24, 2026.

What it does#

• Announces a joint application to the Minister of Finance for letters patent of amalgamation under the Trust and Loan Companies Act (Canada).
• Says the two companies would continue as one company named Fiduciary Trust Company of Canada (English) and La Société Fiduciary Trust du Canada (French).
• States the amalgamated company's head office would be in Mississauga, Ontario.
• Makes the application conditional on 17440961 Canada Inc. receiving required regulatory approvals to acquire control of Fiduciary Trust Company of Canada (described in the notice as the “Proposed Acquisition”).
• Says the amalgamation will only take effect after the Proposed Acquisition is completed, on the date set in the letters patent.
• Notes that if the Proposed Acquisition does not happen, the companies will not amalgamate and that publication of the notice does not guarantee letters patent will be issued.

Who's affected#

• Customers, account holders, and beneficiaries of Fiduciary Trust Company of Canada — they may see changes in ownership or management.
• Employees and managers of both companies — their employer’s ownership structure could change.
• Regulators and the Minister of Finance, who will review the application and the underlying change of control.
• It is unclear from the notice who ultimately controls 17440961 Canada Inc. or what broader groups (other companies or investors) are behind it.

Why it matters#

• A change in ownership and the planned merger could affect how the trust company is run, its services, and who makes decisions about client accounts.
• The deal requires regulatory approval first, so it may not happen; if approval is denied, nothing will change.
• For clients and employees, this is an early public signal to watch for follow-up notices about the acquisition, the outcome of regulatory reviews, or any operational changes.