Afbs Form PDF Details

Managing personal finances often involves dealing with complex forms and regulations, especially when it comes to retirement savings and investment accounts like RRSP (Registered Retirement Savings Plan) or TFSA (Tax-Free Savings Account). The AFBS Form 20, designed for requests for RRSP or TFSA withdrawals, offers a straightforward procedure for members wishing to access their funds. Located in Toronto, Ontario, and with a branch office in Vancouver, BC, the Actra Fraternal Benefit Society (AFBS) provides this form to facilitate withdrawal requests, ensuring that members can easily request distributions from their accounts. Members must provide personal details, including their membership and account numbers, and specify the withdrawal amount, noting the potential tax implications and associated fees. Importantly, the form also allows for the specification of how members wish to receive their funds, whether by picking up a cheque from one of the AFBS offices or having it mailed to a specified address. With sections dedicated to Canadian residency status for tax purposes, the form tailorably caters to both residents and non-residents. The inclusion of a detailed authorization for withdrawal section, complete with acknowledgment of administration fees and applicable withholding tax, highlights AFBS's commitment to transparency and member education on potential financial impacts.

QuestionAnswer
Form NameAfbs Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesafbs f20, afbs withdrawal information, form 20 withdrawal, afbs f20 request tfsa

Form Preview Example

FORM 20

Request for

RRSP or TFSA Withdrawal

Please complete all informaion requested below, sign and return to:

AFBS, 1000 Yonge Street, Toronto, Ontario M4W 2K2

AFBS: 1000 Yonge Street

Toronto, ON M4W 2K2 PHONE: 416-967-6600 1-800-387-8897 FAX: 416-967-4744 1-888-804-8929 E-MAIL: beneits@abs.ca

AFBS WEST: 320 -1155 Pender Street West Vancouver, BC V6E 2P4 PHONE: 604-801-6550 1-866-801-6550 FAX: 604-801-6580 E-MAIL: abswest@abs.ca

SECTION 1 – Member Informaion (please print)

Reset Form

 

 

I hereby provide authorizaion to Actra Fraternal Beneit Society to withdraw funds from my RRSP or TFSA account for the next available withdrawal distribuion date. Please refer to request deadline and distribuion dates and addiional informaion on-line: www.abs.ca.

Member Name (Last, First, Middle Iniial)

Date of Birth

SIN No.

Your Account Number

 

ACTRA/WGC Number

4 5 0 1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Street Address

 

 

City

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Telephone Number

Province

Postal Code

 

 

Please ensure your current address is on ile at AFBS. This informaion is required for veriicaion and ideniicaion purposes.

SECTION 2 – RRSP or TFSA Withdrawal Request

IMPORTANT - For income tax purposes:

Canadian Resident

Non-Resident (Note: Ciizenship does not necessarily determine residence.)

RRSP withdrawal in the amount of $

 

Gross

Net

100%

(Gross is the amount prior to fee and tax deducions. Net is the amount of the cheque ater fee and tax deducions. See Secion 5 for tax details.)

Withdrawal of excess or unused RRSP contribuions in the amount of $ (For proper tax reporing, please verify this amount with your inancial advisor.)

For ongoing over-contribuions, please refer to abs.ca for contribuion limit informaion.

TFSA withdrawal in the amount of $(There are no tax deducions on TFSA withdrawals. See Secion 5 for administraion fee details.)

SECTION 3 – Mail or Pick Up Cheque

Do you wish to pick up cheque at:

Toronto Oice

Vancouver Oice

If this secion is not completed, your cheque will be mailed to the address provided.

SECTION 4 – Address for Mailing the Cheque (if diferent than above)

Street Address

City

Province

Postal Code

SECTION 5 – Authorizaion for Withdrawal

I acknowledge deducion of the administraion fee (10% of the withdrawal amount to a maximum of $100) on both RRSP and TFSA withdrawals, AND T HE following withholding tax as required by the Canada Revenue Agency on RRSP withdrawals only.

Residents of Québec:

$0 to $5,000

5% Federal

16% Québec

 

 

$5,000 to $15,000

10% Federal

16% Québec

 

 

over $15,000

15% Federal

16% Québec

 

 

 

 

 

 

Residents of all other Provinces:

$0 to $5,000

10% Federal

 

 

 

$5,000 to $15,000

20% Federal

 

 

 

over $15,000

30% Federal

 

 

 

 

 

 

 

Non-Residents:

Any Amount

25% Federal

 

 

 

 

 

 

 

Member’s Signature (Required)

 

 

 

 

 

 

 

 

Date

Underwriten by:

Actra Fraternal Beneit Society: 1000 Yonge Street, Toronto, Ontario M4W 2K2

Telephone: (416) 967-6600 / Toll Free: 1-800-387-8897 Fax: (416) 967-4744 / Toll Free Fax: 1-888-804-8929

E-mail: beneits@abs.ca Website: www.abs.ca

F20 30/04/14

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