If you are a parent with a child under the age of 18, the following is the criteria for their Per Capita Distribution.
Any child who was a Member of Chippewas of Nawash Unceded First Nation on the Effective Date (the beginning date of the Trust) of December 11, 2012 or was entitled to be a Member on that date, is eligible for the Per Capita Distribution in the amount of $1,800.00 each.
Eligible children will have their Per Capita Distribution held in trust for them until their 18th birthday.
The money will be held in the Trust Account and will be invested along with the other Trust money, sharing in the income, dividends and capital gains that the entire trust earns.
On the child’s 18th birthday, they are entitled to receive an amount equal to $1,800.00 plus all interest, dividends and net capital gains up to and including the end of the month immediately before the month of their birthday.
Please keep your child’s address up to date with the Chippewas of Nawash Unceded First Nation membership department so the Trustees can contact them prior to their 18th birthday to make arrangements for payment.
If you have a child with an 18th birthday this year, please contact the Corporate Trustee at the contact information below to arrange for the payment. You will need to provide a copy of one piece of photo ID, back and front (cannot be the Ontario Health Card), a request for payment signed by the child with instructions to mail or deposit the funds, and an address to send the cheque or a VOID cheque or Bank Form if you want the payment deposited to a bank account in the child’s name.
Ken Bell | ENNET Corporate Trustee
Scotia Wealth Management(tm) | Scotiatrust(r), The Bank of Nova Scotia Trust Company
44 Collier Street, 2nd floor, Barrie, Ontario, Canada L4M 1G6
Tel 1-705-726-1962 Main 1-800-341-8627