Comments on: Tips For Dealing With Computershare Canada

By: James

James — Tue, 19 Jan 2010 14:54:37 +0000

Hello,

I have units (shares) held by Computershare Canada and had wanted to sign up for the optional cash purchase plan. I downloaded the OCP form and started reading the directions. Everything seemed straightforward enough until I got to this sentence: Arrange for completion of the enclosed AGENT/MANDATARY CERTIFICATION form by a lawyer, an accountant or an authorized bank officer at a reputable and internationally known firm/bank.

The problem is that I do not have access to any “internationally known” firm or bank. An officer at my local credit union would be happy to verify my identity and I am sure they would even affix the Securities Transfer Agents Medallion Program (STAMP) stamp to the form; but of course, no one in Toronto has ever heard of my credit union!

Any thoughts you might have on how to comply with Computershare’s requirements for this certification would be much appreciated.

Thanks

By: MoneyEnergy

MoneyEnergy — Tue, 15 Sep 2009 19:24:15 +0000

I agree, automatic withdrawals from chequing accounts would be really handy!

By: Trevor

Trevor — Tue, 15 Sep 2009 18:40:23 +0000

I am with Computershare Canada and will probably go to Bank of Montreal to get the medallion signature.

It’s a shame they don’t offer direct deposit in Canada in order to set up an automatic withdrawal every month. The companies would probably get more money that way rather than sending in a cheque all the time.

Thanks for the help.

By: MoneyEnergy

MoneyEnergy — Sat, 12 Sep 2009 05:09:32 +0000

Hi Trevor, it might depend on whether you’re dealing with Computershare Canada, U.S., or Australia, but the gold medallion stamp itself should not cost you any money. If you’re in Canada, go to Bank of Montreal, they do it for free. It’s a pain to have the same stock separated into two accounts, but not the end of the world if you don’t mind keeping track of it that way. As for tax write offs, I’m not sure, probably depends on your exact situation and where you are. I’d actually try talking to someone at computershare about that. Again with direct deposit, depends where you are. In Canada, direct deposit into DRIPs is not possible, it’s not set up like that. Only cheques.

By: Trevor

Trevor — Fri, 11 Sep 2009 18:39:19 +0000

Hi, I have shares in a computershare drip that got seperated into two accounts like you described above. One account has my middle name and the other has just my first and last. I was told that I needed to fill out this form and get a gold medallion signature which was going to cost me 75$. I’m just wondering about your personal experience with having the two seperate accounts.

What is the best method for getting them into one account?

Is it necessary to put them into one account (especially if I can max out yearly contributions for both accounts instead of just one)?

Do you have any tips for drip taxation and/or writeoffs I could use?

Is there any way of setting up a direct deposit from your chequing account to the computershare drip?

Are there any other tips since you wrote this article that you think I might find useful?

I really appreciate your help.

Trevor