Becoming an RRSP/TFSA Program Member

The Canadian Worker Cooperative Federation (CWCF) is pleased to be able to offer the services of its RRSP/TFSA Program to any entity that is a member of CWCF. In order to make use of the Program, all members must remain in good standing by paying their annual membership dues. The first year’s membership dues must be paid at the time of application.

An enterprise that is a worker co-op can apply for Regular Membership with CWCF. The dues rate for Regular Members is $50 + applicable G/HST for the first two years, after which time the dues rate is determined by a sliding scale based on the co-op’s payroll figure for the year. The application for Regular Members can be found here .

Current Regular Members who wish to begin making use of the RRSP/TFSA Program must complete a new application form specific to the Program. This form can be found here .

An enterprise that is another type of co-op or similar entity (e.g. Community Economic Development fund), or a Non-Profit Organization (NPO) can apply for Associate Membership with CWCF. The dues rate for Associate Members is: $100 + applicable G/HST annually. The application for Associate Members can be found here .

In addition to completing the appropriate CWCF Membership Application form and remitting payment for dues, prospective RRSP/TFSA Program Members must review and sign an Agency Agreement, which is essentially the contract between the enterprise and CWCF. A Declaration Regarding Directors and Officers must also be completed by the Board President and most senior manager of the enterprise, and a list of Authorized Signing Officers must be provided. These forms can all be found here.

It is recommended for the Designated Representative from your enterprise to reach out to CWCF staff when considering applying for membership so that we can assist you with the process. CWCF has a Support Manual available for its RRSP/TFSA Program Members, which details the requirements for membership, how to complete the various forms, and important information about the Program.

Once all required application paperwork has been received by RRSP/TFSA Program staff, it will be forwarded to CWCF’s Board of Directors for review and approval at their next meeting. CWCF’s Board meets approximately every two months. Application paperwork must be received no later than 2 weeks prior to an upcoming Board meeting for consideration at that time.

CWCF will reach out to the Designated Representative upon approval being granted to provide access to the remaining required documents for its investors (found here), as well as answer any questions regarding next steps. It is possible that the Board may grant conditional acceptance of a member and require additional information before membership is fully approved. If the membership application is rejected, the Designated Representative will be notified.

For more information regarding general CWCF Membership, please contact Hazel Corcoran, Executive Director, at (403) 276-8250 or hazel@canadianworker.coop.

For more information regarding RRSP/TFSA Program Membership, please contact Kristin Van Hattem, RRSP/TFSA Program Manager, at (902) 678-1683 or rrsp@canadianworker.coop.