AFBS Form 20 PDF Details

The Actra Fraternal Benefit Society (AFBS) is a not-for-profit organization established to provide life insurance and savings products to Canadian artists, performers, and their families. AFBS operates under federal legislation and offers both Registered Retirement Savings Plan (RRSP) and Tax-Free Savings Account (TFSA) products to its members. The AFBS Form 20 is the designated request form for initiating a full or partial withdrawal from these accounts.

Who uses AFBS Form 20: The form is available to any active AFBS member who holds an RRSP or TFSA with the Society and wishes to make a withdrawal. Members must provide a valid membership number and account number. Non-members cannot use this form. Contact AFBS to confirm account status before submitting a withdrawal request.

Information required on the AFBS Form 20:

Tax withholding on RRSP withdrawals: RRSP withdrawals are considered taxable income in the year they are received. AFBS is required to deduct withholding tax before issuing payment. Federal withholding tax rates depend on the withdrawal amount and residency status. Quebec residents are subject to additional provincial withholding. Consulting a tax professional before requesting a large RRSP withdrawal can help avoid unexpected tax liability at year end.

TFSA withdrawals: Withdrawals from a TFSA are generally not subject to income tax or withholding tax, since TFSA contributions are made with after-tax dollars. Members who withdraw from a TFSA regain that contribution room the following calendar year, subject to annual limits set by the Canada Revenue Agency (CRA).

Administration fee: AFBS charges an administration fee for processing each withdrawal request. Members should contact AFBS directly to confirm the current fee schedule before submitting the form, as the fee is deducted from the withdrawal amount.

Submitting completed AFBS Form 20: The signed and completed form must be submitted by mail or in person to the AFBS head office in Toronto, Ontario, or the branch office in Vancouver, British Columbia. Processing times vary based on form completeness and current AFBS workload. An unsigned or incomplete form will delay your withdrawal. Members completing other financial account forms may also find our hardship withdrawal request form and our account closure request form collection useful. For retirement-related documents, see our retirement application forms.

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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How to Edit Afbs Form Online for Free

You can complete the AFBS Form 20 using FormsPal's free online PDF editor. The tool opens directly in your browser with no downloads or account registration required. Follow the steps below to fill in your AFBS withdrawal request and download the completed form.

Step 1: Open AFBS Form 20 in the FormsPal Editor

Click the "Get Form" button at the top of this page to load the AFBS Form 20 in the FormsPal online PDF editor. The form opens in your browser, ready for you to type directly into each field. No software installation or account is required to begin.

Opening AFBS Form 20 in FormsPal's online PDF editor

Step 2: Complete All Required Fields on the AFBS Form 20

Work through each section of the form carefully to ensure accuracy. Errors or missing information will delay processing of your withdrawal request. The form includes the following key fields:

  • Street Address, City, Province, Postal Code: Enter your current mailing address. If you choose to have your cheque mailed, AFBS will use this address.
  • Membership Number and Account Number: These identify your AFBS account. Find them on your AFBS membership card or a previous AFBS statement.
  • Canadian Residency Status (Federal and Quebec sections): Indicate whether you are a Canadian resident or non-resident. This determines the withholding tax rate AFBS applies before issuing payment.
  • Authorization for Withdrawal: This section confirms your consent to the AFBS administration fee and applicable withholding tax. Review it carefully before signing.
  • Members Signature Required and Date: The AFBS Form 20 requires your original handwritten signature. Print the completed form and sign it before submitting to AFBS.
Completing the authorization section of AFBS Form 20

Step 3: Review, Download, and Submit the Completed Form

Review all information entered on the AFBS Form 20 before finalizing. When satisfied, click "Done" in the FormsPal editor to save and download your completed PDF. Print the form, add your handwritten signature in the required field, then submit the signed form to AFBS by mail or in person at their Toronto or Vancouver office.

Frequently Asked Questions About AFBS Form 20

What is AFBS Form 20 used for?

AFBS Form 20 is the official request form for withdrawing funds from an RRSP or TFSA held with the Actra Fraternal Benefit Society. It captures member identification, withdrawal amount, fund delivery preference, residency status for tax purposes, and the member's authorized signature.

Does an RRSP withdrawal from AFBS trigger withholding tax?

Yes. RRSP withdrawals are subject to federal withholding tax, and Quebec residents are also subject to provincial withholding. The applicable rate depends on the withdrawal amount and residency status. AFBS deducts the withholding tax before issuing payment, and the amount is reported as taxable income on your annual return.

Can I complete the AFBS Form 20 online before printing?

Yes. Use FormsPal's online PDF editor to type your information directly into each field of the AFBS Form 20. Download and print the form once complete, then sign it by hand before mailing or delivering it to an AFBS office. For other withdrawal-related documents, see our hardship withdrawal request form or our bank withdrawal slip templates.

Does completing a TFSA withdrawal through AFBS incur withholding tax?

TFSA withdrawals are generally not subject to income tax withholding, since contributions are made with after-tax dollars. However, AFBS may still deduct an administration fee. Non-residents may be subject to a non-resident withholding tax on TFSA withdrawals under certain conditions. Contact AFBS or a tax advisor to confirm the rules that apply to your situation.

What address do I use to submit the completed AFBS Form 20?

AFBS has offices in Toronto, Ontario, and Vancouver, British Columbia. Submit your completed and signed form by mail or in person to the office nearest you. Contact AFBS directly to confirm current submission addresses, office hours, and any special handling instructions for withdrawal requests.

What if I need to withdraw from both an RRSP and a TFSA at the same time?

Each account type may require a separate AFBS Form 20 submission. Confirm with AFBS member services whether one combined form is accepted for simultaneous withdrawals from multiple accounts. For related account management forms, browse our retirement account form collection.

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