Bank designated offices and GFD trust

Summary#

The Canada Gazette published three short notices on June 13, 2026 about bank contact points and a planned trust company. Citibank Canada changed the designated office for service of enforcement notices in British Columbia effective June 8, 2026. Guaranteed Funeral Deposits of Canada (Fraternal) says it will apply to create GFD Trust / Fiducie GFD to serve the bereavement sector (objections due August 4, 2026). Tru Cooperative Bank named a single office for service of enforcement notices for all provinces and territories.

What it does#

• Citibank Canada: updates the office to receive enforcement notices for British Columbia to:
  • Citi Private Bank, 550 Burrard Street, Suite 1018, Vancouver, British Columbia V6C 2B5 (effective June 8, 2026).
  • This is under the Support Orders and Support Provisions (Banks and Authorized Foreign Banks) Regulations.
• Guaranteed Funeral Deposits of Canada (Fraternal):
  • Intends to apply to the Minister of Finance for letters patent to incorporate a trust company called “GFD Trust” / “Fiducie GFD” under the Trust and Loan Companies Act (Canada).
  • The proposed head office is in Oakville, Ontario, and it would offer trust services aimed at the Canadian bereavement sector.
  • People may object in writing to the Office of the Superintendent of Financial Institutions by August 4, 2026; publication does not guarantee approval.
• Tru Cooperative Bank:
  • Designates one office for service of enforcement notices across all provinces and territories:
    • Tru Cooperative Bank, 200-19933 88th Avenue, Langley, British Columbia V2Y 4K5.

Who's affected#

• People or agencies that need to serve legal enforcement notices (for example, family-support enforcement officers or courts) will need to use the new addresses for Citibank Canada in BC and for Tru Cooperative Bank nationally.
• Funeral industry organizations, people arranging prepaid funeral plans, and regulators may be interested in the planned GFD Trust that aims to offer bereavement-related trust products.
• Anyone who wishes to object to the proposed trust company (including competitors, consumers, or advocacy groups) can submit an objection to OSFI by August 4, 2026.

Why it matters#

• Service addresses matter for legal and administrative processes. Using the wrong address can delay or invalidate formal notices about enforcement actions.
• A new trust company focused on funeral and bereavement services could change how prepaid funeral funds are held and managed. That may affect families arranging or holding such deposits.
• The notice gives a short window (until August 4, 2026) for objections. Publication alone does not mean the trust will be approved; the application will be reviewed by regulators.