Bank enforcement addresses and new trust application

Summary#

This Canada Gazette notice (published June 13, 2026) contains three short items. It records a new service address for enforcement notices for Citibank Canada in British Columbia (effective June 8, 2026), a public announcement that Guaranteed Funeral Deposits of Canada (Fraternal) plans to apply to create a trust company called GFD Trust / Fiducie GFD (with objections due August 4, 2026), and a designated service address for Tru Cooperative Bank for all provinces and territories.

What it does#

• Changes the place where enforcement notices (related to support orders) can be served for Citibank Canada in British Columbia to: Citi Private Bank, 550 Burrard Street, Suite 1018, Vancouver, British Columbia V6C 2B5. This change took effect June 8, 2026.
  • This designation is made under the Support Orders and Support Provisions (Banks and Authorized Foreign Banks) Regulations.
• Announces that Guaranteed Funeral Deposits of Canada (Fraternal) intends to apply for letters patent to incorporate a trust company under the Trust and Loan Companies Act (Canada).
  • The proposed company would operate as GFD Trust (English) and Fiducie GFD (French).
  • Head office would be in Oakville, Ontario.
  • The company says it will offer trust products and services aimed at the Canadian bereavement (funeral) sector.
  • Anyone who objects may send a written objection to the Office of the Superintendent of Financial Institutions at 255 Albert Street, Ottawa, Ontario K1A 0H2 or by email to approvals-approbations@osfi-bsif.gc.ca on or before August 4, 2026.
  • The notice also says that publication does not guarantee the letters patent will be issued; the application will be reviewed and decided by the Minister of Finance.
• Designates a single office for the purpose of service of enforcement notices for Tru Cooperative Bank across all provinces and territories: Tru Cooperative Bank, 200‑19933 88th Avenue, Langley, British Columbia V2Y 4K5.

Who's affected#

• People, lawyers, child- or spousal-support enforcement agencies, and organizations that need to serve enforcement notices on Citibank Canada in British Columbia.
• Customers, funeral homes, and other businesses in the bereavement sector who might use or be affected by trust products from GFD Trust.
• Anyone who wants to object to the creation of GFD Trust—they must send an objection to OSFI by August 4, 2026.
• People and agencies across Canada who need to serve enforcement notices on Tru Cooperative Bank (the notice names a single address for all provinces and territories).
• The notices are administrative in nature; if it’s unclear how a specific person or business is affected, they should contact the named organizations or OSFI for clarification.

Why it matters#

• Knowing the correct address for service of enforcement notices matters for legal timing and for making sure a bank actually receives official documents. The changes tell people where to send those documents for two banks.
• The planned creation of GFD Trust could introduce a new trust company focused on funeral-related services. That could affect how prepaid funeral funds are held or managed in Ontario and elsewhere in Canada.
• There is a clear deadline (August 4, 2026) to object to the trust company application, so anyone with concerns should act before that date.
• Overall, these are routine administrative updates, but they change where formal notices are sent and start the public phase of creating a new financial institution.