Fiduciary Trust Proposed Amalgamation

Summary#

Fiduciary Trust Company of Canada and 17440961 Canada Inc. say they will apply to the Minister of Finance for letters patent of amalgamation under the Trust and Loan Companies Act (Canada). The plan is to combine into one company under the name Fiduciary Trust Company of Canada (English) / La Société Fiduciary Trust du Canada (French) with a head office in Mississauga, Ontario. The notice is dated January 3, 2026 and was published on January 24, 2026.

What it does#

• The two companies will make a joint application for letters patent of amalgamation to continue as a single legal entity.
• The combined company would use the names Fiduciary Trust Company of Canada (English) and La Société Fiduciary Trust du Canada (French).
• The head office would be in Mississauga, Ontario.
• The amalgamation is conditional on 17440961 Canada Inc. getting the regulatory approvals needed to acquire control of Fiduciary Trust Company of Canada (the “Proposed Acquisition”).
• If the Proposed Acquisition does not go ahead, the companies say they will not amalgamate.
• The notice makes clear that publication does not mean the Minister of Finance will approve the letters patent; approval depends on the normal review process and the Minister’s decision.

Who's affected#

• The two companies named: Fiduciary Trust Company of Canada and 17440961 Canada Inc..
• Shareholders and owners of those companies.
• People or businesses that use services from Fiduciary Trust Company of Canada (clients or account holders) may notice changes if the deal goes ahead.
• Employees of the companies could be affected depending on how the combined business is run.
• Regulators reviewing the Proposed Acquisition and the amalgamation.

If it is unclear who else might be affected, the notice does not list other groups.

Why it matters#

• An amalgamation would change who controls and runs Fiduciary Trust Company of Canada, which can affect customers, service arrangements, and corporate structure.
• Because the move is conditional on regulatory approval, it is not guaranteed. The public should treat this as a planned corporate change, not a completed transaction.
• The head office location and the name under which the business will operate are set out, which matters for where the company will be based and how it will be identified going forward.