Get the free MUTUAL FUNDS PRE-AUTHORIZED CHEQUING AGREEMENT

MUTUAL FUNDS PREAUTHORIZED CHEATING AGREEMENT (not applicable for Locke din RSP, LIRA, RIF, Elf, LEIF, PRI, RLI For LSP account types) 1. INVESTOR INFORMATION New Account (A completed investment application

How to fill out mutual funds pre-authorized chequing

How to fill out mutual funds pre-authorized chequing:

1. Obtain the necessary forms: Contact your financial institution or the mutual fund company to request the forms required to set up a pre-authorized chequing plan for your mutual funds investment.
2. Provide personal information: Fill out the forms with your personal details including your full name, address, social insurance number, and other requested information to establish your identity and allow for proper account setup.
3. Choose your investment options: Indicate which mutual funds you would like to invest in by providing the fund names, ticker symbols, or specific fund codes as specified by your financial institution or mutual fund company.
4. Determine the investment amount: Specify the amount you would like to invest in each mutual fund, either as a fixed dollar amount or as a percentage of your bank account balance.
5. Select the frequency of contributions: Decide how often you would like the contributions to be made from your bank account. Options may include monthly, quarterly, or semi-annually.
6. Provide bank account details: Fill in the required fields to provide the necessary banking information, including your bank account number, transit number, and institution number. This allows for the automatic transfer of funds from your bank account to your mutual funds.
7. Sign and date the forms: Read through the forms carefully, making sure all information is filled out accurately, and sign and date the documents where required.
8. Submit the forms: Once completed, submit the forms to your financial institution or the mutual fund company according to their specified instructions. It may be necessary to provide additional documentation such as a void cheque or a bank account verification form.

Who needs mutual funds pre-authorized chequing?

1. Investors with a long-term investment approach: Mutual funds pre-authorized chequing is beneficial for individuals who want to regularly contribute to their investment portfolio over an extended period. It allows for consistent investment contributions without the need for continuous manual transactions.
2. Individuals seeking convenience and automation: Pre-authorized chequing simplifies the investment process by automating contributions. It eliminates the need to remember and manually make regular deposits, making it a convenient option for busy individuals.
3. Those looking to benefit from dollar-cost averaging: Dollar-cost averaging is an investment strategy that involves regularly investing a fixed amount over time. By setting up pre-authorized chequing, individuals can take advantage of this strategy, potentially benefiting from purchasing more units of a mutual fund when prices are lower and fewer units when prices are higher.

Note: It is important to consult with a financial advisor or seek professional advice before making any investment decisions.

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What is mutual funds pre-authorized chequing?

Mutual funds pre-authorized chequing is a service that allows investors to automatically contribute a set amount of money at regular intervals to their mutual funds.

Who is required to file mutual funds pre-authorized chequing?

Investors who wish to set up automatic contributions to their mutual funds are required to file mutual funds pre-authorized chequing.

How to fill out mutual funds pre-authorized chequing?

To fill out mutual funds pre-authorized chequing, investors need to provide their banking information, the amount to be contributed, and the frequency of contributions.

What is the purpose of mutual funds pre-authorized chequing?

The purpose of mutual funds pre-authorized chequing is to help investors save and invest regularly without the need for manual contributions each time.

What information must be reported on mutual funds pre-authorized chequing?

On mutual funds pre-authorized chequing, investors must report their banking details, contribution amount, and contribution frequency.