Common use of WHO MAY BECOME A BENEFICIARY OF THE PLAN Clause in Contracts

WHO MAY BECOME A BENEFICIARY OF THE PLAN. An individual may only be designated as a Beneficiary of the Plan if the individual is resident in Canada when the designation is made, unless he or she was already a Beneficiary under another Registered Disability Savings Plan. The individual must also be a DTC Eligible Individual in respect of the taxation year in which the Plan is opened for them before designation to the Plan can take place. An individual is not considered a Beneficiary of the Plan until the Holder designates the Beneficiary on the application by providing the Beneficiary’s full name, address, social insurance number, gender, and date of birth.

WHO MAY BECOME A BENEFICIARY OF THE PLAN. An individual may only be designated as a Beneficiary of the Plan if the individual is resident in Canada when the designation is made, unless he or she was already a Beneficiary under another Registered Disability Savings Plan. The individual must also be a DTC Eligible Individual in respect of the taxation year in which the Plan is opened for them him/her before designation to as a Beneficiary of the Plan can take place. An individual is not considered a Beneficiary of the Plan until the Holder Accountholder designates the Beneficiary on the application by providing the Beneficiary’s full name, address, social insurance number, gender, and date of birth.

WHO MAY BECOME A BENEFICIARY OF THE PLAN. An individual may only be designated as a Beneficiary of the Plan if the individual is resident in Canada when the designation is made, unless he or she was already a Beneficiary under another Registered Disability Savings Plan. The individual must also be a DTC Eligible Individual in respect of the taxation year in which the Plan is opened for them then before designation to as a Beneficiary of the Plan can take place. An individual is not considered a Beneficiary of the Plan until the Holder Accountholder designates the Beneficiary on the application by providing the Beneficiary’s full name, address, social insurance number, gender, and date of birth.