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This form must be completed where the retiring member of a pension plan wishes to elect a form of pension or purchase a life annuity that provides the spouse or common-law partner with less than the 60% joint survivor pension required by The Pension Benefits Act. Additionally, it applies to those who wish to transfer funds to a Life Income Fund (LIF) or withdraw from a Locked-In Retirement Account (LIRA).
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What is form 5?
Form 5 is a financial disclosure form used by certain individuals or entities to report their securities transactions and holdings.
Who is required to file form 5?
Individuals who are insiders of a company, such as officers, directors, and certain shareholders, are required to file Form 5 to report any changes in their equity ownership.
How to fill out form 5?
To fill out Form 5, you must provide information about the reporting person's identity, the transaction details, the date of the transaction, the securities involved, and any changes to ownership.
What is the purpose of form 5?
The purpose of Form 5 is to provide transparency and regulatory oversight by requiring insiders to disclose their transactions and holdings to help prevent insider trading.
What information must be reported on form 5?
Form 5 requires reporting of the person's name, relationship to the company, details of the transactions, the date acquired or disposed, number of shares involved, and any changes in ownership.
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