Fiduciary Trust Company Amalgamation

Summary#

This notice says that Fiduciary Trust Company of Canada and 17440961 Canada Inc. plan to apply for letters patent to merge into a single company under the name Fiduciary Trust Company of Canada (French: La Société Fiduciary Trust du Canada). The filing is dated January 3, 2026 and was published in the Canada Gazette on January 24, 2026. The merger will only proceed if the buyer gets the regulatory approvals needed to take control of the trust company.

What it does#

• Announces an intended amalgamation (merger) of Fiduciary Trust Company of Canada and 17440961 Canada Inc. into one company with its head office in Mississauga, Ontario.
• Says the application is being made under section 233(2)(a) of the Trust and Loan Companies Act.
• Makes the amalgamation conditional on the successful completion of a separate Proposed Acquisition — the purchaser must obtain all required regulatory approvals to acquire control of Fiduciary Trust Company of Canada.
• States that the amalgamation will take effect on the date set in any issued letters patent; if the acquisition does not happen, the companies will not amalgamate.

Who's affected#

• Customers, clients, and account holders of Fiduciary Trust Company of Canada could be affected if ownership or control changes.
• Employees and management of both companies may notice changes if the deal and amalgamation proceed.
• Regulators and any parties involved in approving the Proposed Acquisition.
• Other stakeholders such as creditors or counterparties might be affected, depending on the details of the acquisition and amalgamation (the notice does not spell out those details).

Why it matters#

• A change in ownership and the legal merging of these two companies can affect who runs the trust company and how it is governed. That can influence services, policies, or business relationships.
• The notice is a preliminary step. It does not mean approval has been given. The merger depends on separate regulatory approvals and the Minister of Finance’s decision on letters patent.