Unclaimed Assets

Background

The provinces of British Columbia, Alberta and Quebec have introduced regulations requiring the holders of unclaimed property to make reasonable efforts to locate and contact the rightful owner, if the last known address was in one of those provinces.

Definition of Unclaimed Property

Any property in possession of a “holder” that has been left by the owner with no instruction, claim or transactions for a given period of time as designated by the applicable provincial legislation.

Skyline Wealth Management Inc. may be the “Holder” of such unclaimed property in the form of units or cash, and may be unclaimed for various reasons, including being unable to contact you as a result of a change of address or contact information.  The “owner” remains the individual who has an interest in the property.

Where to go for more information

For information on how to make a claim or an appeal against an unclaimed asset, Alberta residents should contact the Alberta Finance, Tax and Revenue Administration (TRA) directly or visit the Government of Alberta website.

For more information on how to make a claim or appeal against an unclaimed asset, Québec residents should contact Revenu Québec directly or visit the Revenu Québec website.

The B.C. Act and associated regulations identify what assets can become unclaimed property plus the circumstances and timing under which they become unclaimed.  Skyline Wealth Management Inc. is required to maintain a searchable database and make reasonable efforts to locate and notify the owners of such unclaimed property.  If you are a resident of B.C. and would like us to search for unclaimed property of yours in our database, please email compliance@skylinewealth.ca identifying the assets you are claiming and your interest in them.  Please include current and prior address information and a daytime telephone number where you can be contacted for further information required to validate your claim.

Clients resident in other provinces or territories are encouraged to contact Skyline Wealth Management Inc. directly at 519-826-0439 or via email to invest@skylinewealth.ca

Disclaimer

The information provided within this Website is for general information purposes only, and does not constitute an offer of, or solicitation for, the purchase and sale of any securities, or advice under any circumstances. Skyline Wealth Management Inc. (“Skyline Wealth”) is an Exempt Market Dealer registered in the provinces of Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Québec, and Saskatchewan. Important information with respect to the funds are set out in their confidential offering documents, which should be reviewed prior to investing, as they include important information on fees and risk factors. There is no active market through which the securities may be sold, and redemption requests may be subject to monthly redemption limits. The payment of distributions is not guaranteed and may fluctuate. The payment of distributions should not be confused with an exempt market product’s performance. Distributions paid as a result of capital gains realized by an exempt market product, and income and dividends earned are taxable in your hands in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base goes below zero, you will have to pay capital gains tax on the amount below zero. Prospective investors must make an independent assessment of such matters in consultation with their own professional advisors. Sales of interests in any investments offered by Skyline Wealth are only made to certain eligible investors pursuant to regulatory requirements and available exemptions. Some of the investment products offered by Skyline Wealth are from related issuers. A full list of issuers related to Skyline Wealth and details of the relationship between them is available upon request. Information provided herein is current as at the date of publication and Skyline Wealth does not undertake to advise the reader of any changes.