Report by trust and mortgage loan companies in Canada on transactions with non-residents, 2011 - (BP-29)

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For Information onlyThis is an electronic survey example for information purposes only. This is not a working questionnaire.

INTRODUCTION

Purpose

The balance of international payments covers all economic transactions between Canadian residents and non-residents in three accounts: the current account, the capital account and the financial account.

Additional information

The objective of this survey is to obtain information on non-resident transactions by trust and mortgage loan companies for the preparation of statements on Canada's Balance of International Payments and Investment Position. Such statements are used as a major input in the conduct of monetary and exchange rate policies by the Government of Canada.

Authority

This survey is conducted under the authority of the Statistics Act, Revised Statutes of Canada, 1985, Chapter S-19. COMPLETION OF THIS QUESTIONNAIRE IS A LEGAL REQUIREMENT UNDER THE STATISTICS ACT.

Confidentiality

Statistics Canada is prohibited by law from releasing any information it collects which could identify any person, business, or organization, unless consent has been given by the respondent or as permitted by the Statistics Act. Statistics Canada will use the information from this survey for statistical purposes.

Record linkage

To enhance the data from this survey, Statistics Canada may combine it with information from other surveys or from administrative sources.

Security of emails and faxes

If you choose to transmit the questionnaire to Statistics Canada by facsimile or other electronic transmission, please be advised that there could be a risk of disclosure during the communication. However, upon receipt of your information, Statistics Canada will provide the guaranteed level of protection afforded all information collected under the authority of the Statistics Act.

Return procedures

A completed copy of this questionnaire should be returned within four weeks of receipt to:

Statistics Canada
170 Tunney's Pasture Driveway
International Accounts and Trade Division
Statistics Canada
Ottawa (Ontario)
K1A 0T6

Please return the completed form to us in the enclosed envelope or fax it to 613-951-9031. If you need any clarification about reporting, please call us toll free at 1-866-765-8143 or e-mail: bop.surveys@statcan.gc.ca.

Coverage

This questionnaire is to be filed in respect of branches in Canada of trust and mortgage loan companies. The reporting company may submit a single report consolidating all branches with its Head Office accounts or individual reports in respect of each branch and the Head Office in Canada. Only one copy of any report submitted is required by the office.

The trust company in Canada, which actually executes or arranges the transactions withdrawals and other remittances outside Canada, is to report the transaction.

Reporting instructions

PLEASE READ THE INSTRUCTIONS BELOW BEFORE COMPLETING THIS FORM

RESIDENCY: Non-residents are persons and corporations domiciled outside Canada, regardless of citizenship. Such persons are normally not liable for Canadian income taxes (other than non-resident withholding tax). The country of residence of holding companies and trusts is established by the residence of their beneficial owners. Where this is not known, residence of holding companies and trust should be determined by the residence of the current income beneficiaries.

METHODS OF VALUATION: It is requested that the following valuation methods be used: for equities, the lower of cost or market value; for bonds, par value; for mortgage loans, amounts owing; for real estate, cost less mortgage owing. Any analysis required to produce information for Parts I, III and IV may be limited to individual accounts having a capital value in excess of $500,000. Reasonable estimates will suffice for the items in parts III and IV, e.g., from tax records in the case of income remitted to non-residents. All the figures should be reported in thousands of Canadian dollars.

INSURANCE COMPANIES: The business in Canada of foreign insurance companies is regarded as that of a "branch" resident in Canada. Accordingly, holdings of, or transactions with other Canadian residents in connection with securities or other assets deposited in Canada under Insurance Acts or otherwise held in respect of liabilities to Canadian policyholders, are regarded as those of Canadian residents and are not to be reported. Mortgage and security holdings of United States life insurance companies and related transactions are derived from other sources and should be omitted entirely from this questionnaire. Holdings for foreign insurance companies of other assets which are not those of the Canadian branch as defined above and related transactions, should be reported.

VALUE OF LIABILITIES (PART II): Trust and mortgage loan companies that are subsidiaries of chartered banks do not have to complete Part II since these data are already included in the monthly data reported by the latter.

REMITTANCES: Remittances to be included in Parts III and IV may take the form of transfers in Canadian or foreign currency to a non-resident client in Canada or abroad, or the credit of a non-resident client's account with a bank in Canada or abroad. Remittances effected in the form of transfers of securities should not be reported. Payments of interest, dividends and principal as disbursing agents, and remittances to foreign countries on behalf of residents (e.g. benevolent contributions or travel funds) are not to be reported. Nor are receipts of interest, dividends and principal on foreign securities.

SECURITY TRANSACTIONS: Statistics Canada receives monthly reports of international transactions in securities from Canadian offices of banks, brokers, investment dealers, certain trust companies and certain mutual and pension funds. For this reason, trust and mortgage loan companies should report only transactions with others outside Canada (including brokers and investment dealers) which were not made through a branch or office in Canada of an agency reporting monthly.

GEOGRAPHICAL DETAIL: Please use enclosed coding list to identify country. When geographical distribution of data is not available, please estimate. If there are any difficulties in reporting the geographical breakdown by country, specify individual countries only for those amounts greater than $500,000.

Any comments or qualifications particularly with respect to changes vis-à-vis your previous return would be appreciated.

I) VALUE OF ASSETS MANAGED OR HELD AT YEAR-END BENEFICIALLY FOR NON-RESIDENTS BY BRANCHES IN CANADA, IN MANAGEMENT, SAFE CUSTODY, AND AGENCY ACCOUNTS, ESTATES AND TRUSTS, AND HOLDING COMPANIES:

I) VALUE OF ASSETS MANAGED OR HELD AT YEAR-END BENEFICIALLY FOR NON-RESIDENTS BY BRANCHES IN CANADA, IN MANAGEMENT, SAFE CUSTODY, AND AGENCY ACCOUNTS, ESTATES AND TRUSTS, AND HOLDING COMPANIES: - Question identifier:1)

Please express in thousands of Canadian dollars the value of Canadian securities in the form of: 1) Stocks; 2) Bonds held for residents of:

  • a): United States
  • b): United Kingdom
  • c): Other countries
  • d): Countries code
  • e): All foreign countries

I) VALUE OF ASSETS MANAGED OR HELD AT YEAR-END BENEFICIALLY FOR NON-RESIDENTS BY BRANCHES IN CANADA, IN MANAGEMENT, SAFE CUSTODY, AND AGENCY ACCOUNTS, ESTATES AND TRUSTS, AND HOLDING COMPANIES: - Question identifier:2)

Please express in thousands of Canadian dollars the value of mortgage loans to Canadians held for residents of:

  • a): United States
  • b): United Kingdom
  • c): Other countries
  • d): Countries code
  • e): All foreign countries

I) VALUE OF ASSETS MANAGED OR HELD AT YEAR-END BENEFICIALLY FOR NON-RESIDENTS BY BRANCHES IN CANADA, IN MANAGEMENT, SAFE CUSTODY, AND AGENCY ACCOUNTS, ESTATES AND TRUSTS, AND HOLDING COMPANIES: - Question identifier:3)

Please express in thousands of Canadian dollars the value of real estate in Canada (less applicable debt owing to residents of Canada) held for residents of:

  • a): United States
  • b): United Kingdom
  • c): Other countries
  • d): Countries code
  • e): All foreign countries

I) VALUE OF ASSETS MANAGED OR HELD AT YEAR-END BENEFICIALLY FOR NON-RESIDENTS BY BRANCHES IN CANADA, IN MANAGEMENT, SAFE CUSTODY, AND AGENCY ACCOUNTS, ESTATES AND TRUSTS, AND HOLDING COMPANIES: - Question identifier:4)

Please express in thousands of Canadian dollars the value of Canadian dollar balances held for residents of:

  • a): United States
  • b): United Kingdom
  • c): Other countries
  • d): Countries code
  • e): All foreign countries

I) VALUE OF ASSETS MANAGED OR HELD AT YEAR-END BENEFICIALLY FOR NON-RESIDENTS BY BRANCHES IN CANADA, IN MANAGEMENT, SAFE CUSTODY, AND AGENCY ACCOUNTS, ESTATES AND TRUSTS, AND HOLDING COMPANIES: - Question identifier:5)

Please express in thousands of Canadian dollars the value of other Canadian assets held for residents of:

  • a): United States
  • b): United Kingdom
  • c): Other countries
  • d): Countries code
  • e): All foreign countries

I) VALUE OF ASSETS MANAGED OR HELD AT YEAR-END BENEFICIALLY FOR NON-RESIDENTS BY BRANCHES IN CANADA, IN MANAGEMENT, SAFE CUSTODY, AND AGENCY ACCOUNTS, ESTATES AND TRUSTS, AND HOLDING COMPANIES: - Question identifier:6)

Please express in thousands of Canadian dollars the value of Foreign securities in the form of: 1) United States stocks; 2) United States bonds; 3) Other securities held for residents of:

  • a): United States
  • b): United Kingdom
  • c): Other countries
  • d): Countries code
  • e): All foreign countries

I) VALUE OF ASSETS MANAGED OR HELD AT YEAR-END BENEFICIALLY FOR NON-RESIDENTS BY BRANCHES IN CANADA, IN MANAGEMENT, SAFE CUSTODY, AND AGENCY ACCOUNTS, ESTATES AND TRUSTS, AND HOLDING COMPANIES: - Question identifier:7)

Please express in thousands of Canadian dollars the value of other foreign assets held for residents of:

  • a): United States
  • b): United Kingdom
  • c): Other countries
  • d): Countries code
  • e): All foreign countries

II) VALUE OF LIABILITIES OF REPORTING COMPANY AT YEAR-END TO NON-RESIDENTS (EXCLUDE AMOUNTS REPORTED IN PART I):

II) VALUE OF LIABILITIES OF REPORTING COMPANY AT YEAR-END TO NON-RESIDENTS (EXCLUDE AMOUNTS REPORTED IN PART I): - Question identifier:1)

Please express in thousands of Canadian dollars the value of guaranteed investment certificates, receipts and debentures liabilities to residents of:

  • a): United States
  • b): United Kingdom
  • c): Other countries
  • d): Countries code
  • e): All foreign countries

II) VALUE OF LIABILITIES OF REPORTING COMPANY AT YEAR-END TO NON-RESIDENTS (EXCLUDE AMOUNTS REPORTED IN PART I): - Question identifier:2)

Please express in thousands of Canadian dollars the value of Canadian dollar deposit accounts classified as liabilities to residents of

  • a): United States
  • b): United Kingdom
  • c): Other countries
  • d): Countries code
  • e): All foreign countries

II) VALUE OF LIABILITIES OF REPORTING COMPANY AT YEAR-END TO NON-RESIDENTS (EXCLUDE AMOUNTS REPORTED IN PART I): - Question identifier:3)

Please express in thousands of Canadian dollars the value of United States dollar deposit accounts classified as liabilities to residents of:

  • a): United States
  • b): United Kingdom
  • c): Other countries
  • d): Countries code
  • e): All foreign countries

III) REMITTANCES FROM CANADA DURING THE YEAR (REFER TO THE REPORTING INSTRUCTIONS):

III) REMITTANCES FROM CANADA DURING THE YEAR (REFER TO THE REPORTING INSTRUCTIONS): - Question identifier:1)

Please express in thousands of Canadian dollars income earned on assets in Canada, held in management, safe custody, and agency accounts, estates and trusts, and holding companies (Do not include interest on liabilities reported in Part II), and remitted to residents of:

  • a): United States
  • b): United Kingdom
  • c): Other countries
  • d): Countries code
  • e): All foreign countries

III) REMITTANCES FROM CANADA DURING THE YEAR (REFER TO THE REPORTING INSTRUCTIONS): - Question identifier:2)

Please express in thousands of Canadian dollars capital withdrawals from: a) Estates and Trusts; b) Other management, safe custody, and agency accounts, and holdings companies, mutual funds, pension funds, etc. paid to residents of:

  • a): United States
  • b): United Kingdom
  • c): Other countries
  • d): Countries code
  • e): All foreign countries

IV) REMITTANCES TO CANADA DURING THE YEAR (REFER TO THE REPORTING INSTRUCTIONS):

IV) REMITTANCES TO CANADA DURING THE YEAR (REFER TO THE REPORTING INSTRUCTIONS): - Question identifier:1)

Please express in thousands of Canadian dollars income on foreign assets held in management, safe custody, and agency accounts, estates and trusts, and holding companies, received from residents of:

  • a): United States
  • b): United Kingdom
  • c): Other countries
  • d): Countries code
  • e): All foreign countries

IV) REMITTANCES TO CANADA DURING THE YEAR (REFER TO THE REPORTING INSTRUCTIONS): - Question identifier:2)

Please express in thousands of Canadian dollars fees and other administrative charges, received from residents of:

  • a): United States
  • b): United Kingdom
  • c): Other countries
  • d): Countries code
  • e): All foreign countries

IV) REMITTANCES TO CANADA DURING THE YEAR (REFER TO THE REPORTING INSTRUCTIONS): - Question identifier:3)

Please express in thousands of Canadian dollars capital transferred to management, safe custody, and agency accounts, estates and trusts, and holding companies, from residents of:

  • a): United States
  • b): United Kingdom
  • c): Other countries
  • d): Countries code
  • e): All foreign countries

V) SECURITY TRANSACTIONS (DISREGARD THIS SECTION IF REPORTED ON SCHEDULE BP-30):

B) Proceeds of securities sold directly to non-resident brokers, investment dealers, and others outside Canada:

B) Proceeds of securities sold directly to non-resident brokers, investment dealers, and others outside Canada: - Question identifier:1)

Please express in thousands of Canadian dollars the proceeds of Canadian securities in the form of: 1) Stocks; 2) Bonds (including guaranteed investment certificates) sold directly to non-resident brokers, investment dealers, and others outside Canada:

  • a): United States
  • b): United Kingdom
  • c): Other countries
  • d): Countries code
  • e): All foreign countries

B) Proceeds of securities sold directly to non-resident brokers, investment dealers, and others outside Canada: - Question identifier:2)

Please express in thousands of Canadian dollars the proceeds of Foreign securities in the form of: 1) United States stocks; 2) United States bonds; 3) Other securities, sold directly to non-resident brokers, investment dealers, and others outside Canada:

  • a): United States
  • b): United Kingdom
  • c): Other countries
  • d): Countries code
  • e): All foreign countries
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