Corporate filings: amalgamations and transfers

Summary#

This Canada Gazette Part I notice collects several company filings and plans. It includes proposed amalgamations for BMO Life Insurance Company and BMO Life Assurance Company (application on or after July 28, 2025, proposed effective November 1, 2025), a plan by Fiduciary Trust Company of Canada to reduce stated capital by up to $22.0 million, a planned asset sale by Motus Bank to Coast Capital Savings Federal Credit Union (agreement dated March 21, 2025) plus an application to continue under the Canada Business Corporations Act (CBCA), and an intended amalgamation of Royal & Sun Alliance Insurance Company of Canada, Intact Insurance Company, and 13130100 Canada Inc. into Intact Insurance Company (application on or after July 14, 2025, proposed effective January 1, 2026). Publication does not mean these plans are approved.

What it does#

• BMO Life Insurance Company and BMO Life Assurance Company
  • Intend to apply under the Insurance Companies Act (Canada) to combine into a single company named BMO Life Assurance Company (French: BMO Société d’assurance‑vie).
  • Proposed effective date is November 1, 2025 (or another date set in the letters patent).
• Fiduciary Trust Company of Canada
  • Intends to apply to the Superintendent of Financial Institutions (Canada) under the Trust and Loan Companies Act (Canada) to reduce the stated capital for its common shares by up to $22.0 million, with the reduced amount to be paid to its sole shareholder.
  • The reduction amount within that limit would be set by the company’s chief financial officer.
• Motus Bank
  • Intends to apply to the Minister of Finance under the Bank Act (Canada) to sell substantially all assets to Coast Capital Savings Federal Credit Union (sale agreement dated March 21, 2025).
  • Also intends to apply to continue as a corporation under the Canada Business Corporations Act (CBCA) (application on or after July 28, 2025).
• Royal & Sun Alliance Insurance Company of Canada, Intact Insurance Company, and 13130100 Canada Inc.
  • Plan to apply under the Insurance Companies Act (Canada) to amalgamate into Intact Insurance Company (proposed effective January 1, 2026).
• For each item, the notices say that the publication is not proof approvals will be issued; approvals depend on government review and discretion.

Who's affected#

• Policyholders and customers of the insurance companies named (they may be dealing with different legal entities if amalgamations go ahead).
• Shareholders and the sole shareholder of Fiduciary Trust Company of Canada, who could receive funds if the capital reduction is approved.
• Customers and depositors of Motus Bank, and members/customers of Coast Capital Savings Federal Credit Union, since the sale would move most Motus assets to Coast.
• Employees, service providers, and counterparties of the companies involved.
• Regulators and the Minister of Finance, who must review and approve these applications.

Why it matters#

• Amalgamations can change who manages policies and claims, who holds customer contracts, and which company brand appears on documents. That can affect where you send claims or who you call for service.
• A capital reduction of $22.0 million means cash would be returned to a shareholder rather than kept as company capital; that can matter for the company’s financial position and for the sole shareholder.
• A bank selling substantially all assets to another institution could mean changes to account handling, online services, or customer agreements — though the notice does not spell out operational changes.
• All of these actions are still subject to regulatory approval. The notices mainly inform the public that the companies plan to seek those approvals.