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Financial Institutions

The Financial Institutions Regulation Branch of the Manitoba Financial Services Agency was established in 2000. It administers The Insurance Act, The Credit Unions and Caisses Populaires Act, and Part XXIV of The Corporations Act. Financial Institutions is also responsible for the administration of certain requirements of The Cooperatives Act, namely the functions that relate to the supervision of the financial matters of cooperatives, the issuing of securities by cooperatives, and appeals of membership terminations in a housing cooperative.

In addition, Financial Institutions oversees the Insurance Council of Manitoba in its delegated role to license and supervise the activities of insurance agents, brokers and adjusters. Financial Institutions also authorizes trust and loan corporations to conduct business in Manitoba and has ultimate oversight responsibility for the credit union and caisses populaires sector in Manitoba and specific oversight responsibility for the Deposit Guarantee Corporation of Manitoba (DGCM).

Insurance

Credit Unions

Trust & Loan

Cooperatives

Through its administration of The Insurance Act, the Financial Institutions Regulation Branch is responsible for licensing all insurers operating in Manitoba, regulates insurers established in Manitoba and manages consumer and policyholder complaints about insurers.

Insurers operating in Manitoba are expected to use the principles outlined in the Conduct of Insurance Business and Fair Treatment of Customers (Guidance), which was adopted jointly in September 2018 by the Canadian Council of Insurance Regulators and the Canadian Insurance Services Regulatory Organizations, to supervise the conduct of insurers and intermediaries. The Guidance can be found on the Canadian Council of Insurance Regulators website.

Financial Institutions is also responsible for policy related to insurance and for recommendations for legislative changes. Harmonized legislative frameworks between jurisdictions are essential for insurers that often operate in many jurisdictions. Most of Financial Institutions’ research is done in cooperation with the Canadian Council of Insurance Regulators and trade associations representing the insurance industry locally and nationally.

Financial Institutions also licenses special insurance brokers that place unlicensed insurance.

Annual Reports

Insurance Companies

Filing Requirements

Fees

Forms

FAQs

The reports for Financial Institutions’ other activities are included in the annual report for the Department of Finance.

Title	Annual Reports
Business of 2023	One hundred and eighteenth Annual Report of the Superintendent of Insurance
Business of 2022	One hundred and seventeenth Annual Report of the Superintendent of Insurance
Business of 2021	One hundred and sixteenth Annual Report of the Superintendent of Insurance
Business of 2020	One hundred and fifteenth Annual Report of the Superintendent of Insurance
Business of 2019	One hundred and fourteenth Annual Report of the Superintendent of Insurance
Business of 2018	One hundred and thirteenth Annual Report of the Superintendent of Insurance
Business of 2017	One hundred and twelfth Annual Report of the Superintendent of Insurance
Business of 2016	One hundred and eleventh Annual Report of the Superintendent of Insurance
Business of 2015	One hundred and tenth Annual Report of the Superintendent of Insurance
Business of 2014	One hundred and ninth Annual Report of the Superintendent of Insurance
Business of 2013	One hundred and eighth Annual Report of the Superintendent of Insurance
Business of 2012	One hundred and seventh Annual Report of the Superintendent of Insurance
Business of 2011	One hundred and sixth Annual Report of the Superintendent of Insurance
Business of 2010	One hundred and fifth Annual Report of the Superintendent of Insurance
Business of 2009	One hundred and fourth Annual report of the Superintendent of Insurance
Business of 2008	One hundred and third Annual report of the Superintendent of Insurance
Business of 2007	One Hundred and Second Annual Report of the Superintendent of Insurance
Business of 2006	One Hundred and First Annual Report of the Superintendent of Insurance
Business of 2005	One Hundredth Annual Report of the Superintendent of Insurance

The insurers, reciprocal exchanges, and fraternal societies currently licensed to transact business in Manitoba as of May 1, 2025, are:

DISCLAIMER: This list is provided for the convenience of the public. The Province of Manitoba does not warrant the accuracy or completeness of this list and accepts no liability for damages of any kind arising from the use of the list. To verify registrations, call 204-945-2542. To download the PDF version of the list, click here.

LIFE INSURERS
Name	Canadian Head Office or Chief Agent Address	Primary Regulator
Aetna Life Insurance Company	330 Eagle Street, Newmarket, ON L3Y 1K1	Federal
American Bankers Life Assurance Company of Florida	2000-5000 Yonge St., Toronto, ON M2N 7E9	Federal
American Health and Life Insurance Company	1420 – 380 Wellington Street, London, ON N6A 5B5	Federal
American Income Life Insurance Company	77 King Street West, Suite 400, Toronto, ON M5K 0A1	Federal
Assumption Mutual Life Insurance Company	770 Main Street, PO Box 160, Moncton, NB E1C 8L1	New Brunswick
Beneva Inc.	625 Jacques-Parizeau St., Québec, QC G1R 2G5	Quebec
Blue Cross Life Insurance Company of Canada	644 Main Street, Box 220, Moncton, NB E1C 8L3	Federal
BMO Life Assurance Company	250 Yonge Street, 9^th Floor, Toronto, ON M5B 2L7	Federal
BMO Life Insurance Company	250 Yonge Street, 9^th Floor, Toronto, ON M5B 2L7	Federal
Brookfield Annuity Company	333 Bay Street, Suite 1640, Toronto, ON M5H 2R2	Federal
Canada Life Assurance Company, The	100 Osborne Street North, Winnipeg, MB R3C 1V3	Federal
Canada Life Insurance Company of Canada, The	330 University Avenue, Toronto, ON M5G 1R8	Federal
Canadian Premier Life Insurance Company	25 Sheppard Avenue West, Suite 1400, Toronto, ON M2N 6S6	Federal
Canassurance Insurance Company	B-9, 550 Sherbrooke Street West, Montreal, QC H3A 3S3	Quebec
Chubb Life Insurance Company of Canada	199 Bay Street, Suite 2500, PO Box 139, Toronto, ON M5L 1E2	Federal
CIBC Life Insurance Company Limited	81 Bay Street, CIBC Square, 24^th Floor, Toronto, ON M5J 0E7	Federal
Cigna Life Insurance Company of Canada	100 Consilium Place, Suite 301, Scarborough, ON M1H 3E3	Federal
Combined Insurance Company of America	Ste. 700-150 Commerce Valley Drive West, Markham, ON L3T 7Z3	Federal
Compcorp Life Insurance Company	250 Yonge Street, Suite 3110, PO Box 23, Toronto, ON M5B 2L7	Federal
Connecticut General Life Insurance Company	100 Consilium Place, Suite 301, Scarborough, ON M1H 3E3	Federal
Co-operators Life Insurance Company	130 MacDonell Street, Priory Square, Guelph, ON N1H 6P8	Federal
Desjardins Financial Security Life Assurance Company	200, Rue des Commandeurs, Levis, QC G6V 6R2	Quebec
Empire Life Insurance Company, The	243-259 King Street East, Kingston, ON K7L 3A8	Federal
Equitable Life Insurance Company of Canada, The	One Westmount Road North, Waterloo, ON N2J 4C7	Federal
First Canadian Insurance Corporation	320 Sioux Road, Sherwood Park, AB T8A 3X6	Alberta
Foresters Life Insurance Company	789 Don Mills Road, Toronto, ON, M3C 1T9	Federal
Green Shield Canada Insurance	8677 Anchor Drive, PO Box 1606 Windsor, ON, N9A 6W1	Federal
Humania Assurance Inc.	1555 Girouard St. W., Saint-Hyacinthe, QC J2S 2Z6	Quebec
Industrial Alliance Insurance and Financial Services Inc.	1080 Grande-Allee West, Quebec, QC G1S 1C7	Quebec
Ivari	500 – 5000 Yonge Street, Toronto, ON M2N 7J8	Federal
Life Insurance Company of North America	Suite 3200, 40 Temperance St., Toronto, ON M5H 0B4	Federal
LS-Travel, Insurance Company	1555 Girouard Street West, Ste. 201, Saint-Hyacinthe, QC J2S 2Z6	Quebec
Manufacturers Life Insurance Company, The	200 Bloor Street East, Toronto, ON M4W 1E5	Federal
Manulife Assurance Company of Canada	200 Bloor Street East, Toronto, ON M4W 1E5	Federal
MD Life Insurance Company	1870 Alta Vista Drive, Ottawa, ON K1G 6R7	Federal
Medavie Inc.	644 Main Street, PO Box 220, Moncton NB E1C 8L3	New Brunswick
National Bank Life Insurance Company	1100 Robert-Bourassa Blvd., 5^th Floor, Montreal, QC H3B 2G7	Quebec
New York Life Insurance Company	Suite 3200, 40 Temperance St., Toronto, ON M5H 0B4	Federal
Pavonia Life Insurance Company of Michigan	330 Eagle Street, Newmarket, ON L3Y 1K1	Federal
Primerica Life Insurance Company of Canada	6985 Financial Drive, Suite 400, Mississauga, ON L5N 0G3	Federal
RBC Life Insurance Company	6880 Financial Drive, Tower 1, 9^th Floor, Mississauga, ON L5N 7Y5	Federal
Reliable Life Insurance Company	100 King St. West, Suite 1100, Hamilton, ON L8N 3K9	Federal
RGA Life Reinsurance Company of Canada	1981 McGill College Avenue, 13^th Floor, Montreal, QC H3A 3A8	Federal
Sun Life Assurance Company of Canada	1 York Street, Toronto, ON M5J 0B6	Federal
Sun Life Insurance (Canada) Limited	1 York Street, Toronto, ON M5J 0B6	Federal
Swiss Reinsurance Company Ltd.	1000-150 King Street West, Toronto, ON M5H 1J9	Federal
TD Life Insurance Company	66 Wellington Street West, 39^th Floor, Toronto, ON M5K 1A2	Federal
Trans Global Life Insurance Company	16902 – 137 Avenue, Edmonton, AB T5V 0C8	Alberta
Trustage Life of Canada	180 Northfield Drive West St, Suite, Waterloo ON N2L 0C7	Federal
Union Life Mutual Assurance Company	1990 rue Jean-Berchmans-Michaud, Drummondville PQ J2C 7G7	Quebec
Wawanesa Life Insurance Company, The	400 – 200 Main Street, Winnipeg, MB R3C 1A8	Federal

PROPERTY AND CASUALTY INSURERS
Name	Canadian Head Office or Chief Agent Address	Primary Regulator
Accelerant Insurance Company of Canada	34 King Street East, Suite 1200, Toronto, ON M5C 2X8	Federal
Additional Municipal Hail Limited	2100 Cornwall Street, Regina, SK S4P 2K7	Saskatchewan
Affiliated FM Insurance Company	100 New Park Place, Suite 200, Vaughan ON L4K 0H9	Federal
AIG Insurance Company of Canada	120 Bremner Blvd., Suite 2200, Toronto, ON M5J 0A8	Federal
Allianz Global Risks US Insurance Company	1600-130 Adelaide Street West, Toronto, ON M5H 3P5	Federal
Allied World Specialty Insurance Company	200 King Street West, Suite. 1600, Toronto, ON M5H 3T4	Federal
Allstate Insurance Company of Canada	100-27 Allstate Parkway, Markham, ON L3R 5P8	Federal
American Bankers Insurance Company of Florida	2000-5000 Yonge Street, Toronto, ON M2N 7E9	Federal
American Road Insurance Company, The	330 Eagle Street, Newmarket, ON L3Y 1K1	Federal
Arch Insurance Canada Ltd.	3100-200 Bay Street, Toronto, ON M5J 2J3	Federal
Aspen Insurance UK Limited	77 King Street West, Suite 400, Toronto, ON M5K 0A1	Federal
Associated Electric & Gas Insurance Services Limited	Suite 3200, 40 Temperance St., Toronto, ON M5H 0B4	Federal
Assurepro Insurance Company Limited	1500-1874 Scarth Street, Regina, SK S4P 4E8	Saskatchewan
Atradius Credito y Caucion S.A. de Seguros y Reaseguros	1 Robert Speck Parkway, Suite 1430, Mississauga, ON L4Z 3M3	Federal
Aviva General Insurance Company	10 Aviva Way, Suite 100, Markham, ON L6G 0G1	Federal
Aviva Insurance Company of Canada	10 Aviva Way, Suite 100, Markham, ON L6G 0G1	Federal
Axis Reinsurance Company (Canadian Branch)	1010-70 York Street, Toronto, ON M5J 1S9	Federal
Belair Insurance Company Inc.	700 University Ave, Suite 1500A, Toronto, ON M5G 0A1	Quebec
Beneva Insurance Company	625 Jacques-Parizeau Street, Quebec, QC G1R 2G5	Quebec
Berkley Insurance Company	1000-145 King Street West, Toronto, ON M5H 1J8	Federal
Boiler Inspection and Insurance Company of Canada, The	390 Bay Street, Suite 2000, Toronto, ON M5H 2Y2	Federal
CAA Insurance Company	60 Commerce Valley Drive East, Thornhill, ON L3T 7P9	Ontario
Canada Guaranty Mortgage Insurance Company	400-1 Toronto Street, Toronto, ON, M5C 2V6	Federal
Canadian Farm Insurance Corp.	100 – 101 Riel Drive, St. Albert AB T8N 3X4	Alberta
Canadian Northern Shield Insurance Company	700 University Ave., Suite 1500, Toronto, ON M5G 0A1	Federal
Canadian Premier General Insurance Company	25 Sheppard Avenue West, Suite 1400, Toronto, ON M2N 6S6	Federal
Canassurance Insurance Company	1981, McGill College Avenue, Suite 105, Montreal QC H3A 0H6	Quebec
Chicago Title Insurance Company	55 Superior Blvd., Suite 100, Mississauga, ON L5T 2X9	Federal
Chubb Insurance Company of Canada	199 Bay Street, Suite 2500, PO Box 139, Commerce Court Postal Station, Toronto, ON M5L 1E2	Federal
Compagnie Francaise D’Assurance Pour Le Commerce Exterieur	Atria II, 2235 Sheppard Ave. E. Suite No. 902B, Toronto, ON M2J 5B5	Federal
Continental Casualty Company	3700 – 66 Wellington St. W., Toronto, ON M5K 1J5	Federal
Co-operative Hail Insurance Company Limited	2709-13^th Ave., Regina, SK S4P 3A8	Saskatchewan
Co-operators General Insurance Company	130 MacDonell Street, Priory Square, Guelph, ON N1H 6P8	Federal
Corepointe Insurance Company	330 Eagle Street, Newmarket, ON L3Y 1K1	Federal
Cumis General Insurance Company	151 North Service Road, PO Box 5065, Burlington, ON L7R 4C2	Federal
Definity Insurance Company	111 Westmount Road South, Box 2000, Waterloo, ON N2J 2L6	Federal
Dominion of Canada General Insurance Company, The	165 University Avenue, Toronto, ON M5H 3B9	Federal
Ecclesiastical Insurance Office Public Limited Company	P.O. Box 307, Suite 2200-100 Wellington Street West, TD West Tower, Toronto, ON M5K 1K2	Federal
Echelon Insurance	5450 Explorer Dr, 2^nd Floor, Mississauga, ON L4W 5N1	Federal
Elite Insurance Company	10 Aviva Way, Suite 100, Markham, ON L6G 0G1	Federal
Employers Insurance Company of Wausau	900-181 Bay Street, Toronto, ON M5J 2T3	Federal
Euler Hermes North America Insurance Company	2810-1155 Rene-Levesque Blvd. West, Montreal, QC H3B 2L2	Federal
Europ Assistance S.A.	77 King Street West, Suite 400, Toronto, ON M5K 0A1	Federal
Everest Insurance Company of Canada	130 King Street West, Suite 2620, Toronto, ON M5X 1C7	Federal
Factory Mutual Insurance Company	100 New Park Place, Suite 200, Vaughan ON L4K 0H9	Federal
FCT Insurance Company Ltd.	2235 Sheridan Garden Drive, Oakville, ON L6J 7Y5	Federal
Federal Insurance Company	199 Bay Street, Suite 2500, PO Box 139, Commerce Court Postal Station, Toronto, ON M5L 1E2	Federal
Federated Insurance Company of Canada	55 Standish Court, Suite 300, Mississauga, ON L5R 4B2	Federal
Fenchurch General Insurance Company	55 University Ave, Suite 1604, Toronto, ON M5J 2H7	Ontario
First American Title Insurance Company	2235 Sheridan Garden Drive, Oakville, ON L6J 7Y5	Federal
First North American Insurance Company	250 Bloor Street East, 6^th Floor, Toronto, ON M4W 1E5	Federal
Fortress Insurance Company	Suite 1050, 736 6^th Avenue S.W., Calgary, AB T2P 3T7	Alberta
Four Points Insurance Company Ltd.	9366 200A Street, Suite 201, Langley, BC	British Columbia
GMS Insurance Inc.	2055 Albert Street, PO Box 1949, Regina, SK S4P 0E3	Saskatchewan
Gore Mutual Insurance Company	252 Dundas Street North, PO Box 70, Cambridge, ON N1R 5T3	Federal
GPIC Insurance Company	309-1277 Lynn Valley Road, North Vancouver, BC V7J 0A2	Federal
Great American Insurance Company	Suite 3200, 40 Temperance St., Toronto, ON M5H 0B4	Federal
Hartford Fire Insurance Company	330 Eagle Street, Newmarket, ON L3Y 1K1	Federal
HDI Global SE Canada Branch	181 University Avenue, Suite 1900, Toronto, ON M5H 3M7	Federal
HDI Global Specialty SE	130 Adelaide Street West, Suite 3400, Toronto ON M5H 3P5	Federal
Heartland Farm Mutual Inc.	100 Erb Street East, Waterloo, ON N2J 1L9	Federal
Hudson Insurance Company	1600-55 University Ave, Toronto, ON M5J 2H7	Federal
Hutterian Brethren Mutual Insurance Corporation	800-54 South Landing Drive, Oak Bluff R4G 0C4	Manitoba
Industrial Alliance Pacific General Insurance Corporation	1080 Grande Allée West, Box 1907, Terminus Station, Quebec, QC G1K 7M3	Quebec
Intact Insurance Company	700 University Avenue, Suite 1500-A, Toronto, ON M5G 0A1	Federal
Jevco Insurance Company	700 University Avenue, Suite 1500-A, Toronto, ON M5G 0A1	Federal
Jewelers Mutual Insurance Company, SI	Suite 3200, 40 Temperance St., Toronto, ON M5H 0B4	Federal
L’Unique General Insurance Inc.	625 Jacques-Parizeau Street, Quebec, QC G1R 2G5	Quebec
Lawyers’ Professional Indemnity Company	3101-250 Yonge Street, PO Box 3, Toronto, ON M5B 2L7	Ontario
Liberty Mutual Insurance Company	900-181 Bay Street, Toronto, ON M5J 2T3	Federal
Lloyd’s Underwriters	200 Bay Street, Suite 2930, PO Box 51, Toronto, ON M5J 2J2	Federal
Markel International Insurance Company Limited	200 Wellington Street, West, Suite 800, Toronto, ON M5V 3C7	Federal
Max Insurance	72 Victoria Street South, Unit 102, Kitchener, ON N2G 4Y9	Ontario
Millennium Insurance Corporation	320 Sioux Road, Sherwood Park, AB T8A 3X6	Alberta
Mitsui Sumitomo Insurance Company, Limited	199 Bay Street, Suite 2500, PO Box 139, Commerce Court Postal Station, Toronto, ON M5L 1E2	Federal
Motors Insurance Corporation	300 – 1315 Pickering Pkwy, Pickering, ON L1V 7G5	Federal
Munich Reinsurance America, Inc.	Munich Re Centre, 22^nd Floor-390 Bay Street, Toronto, ON M5H 2Y2	Federal
Mutual Fire Insurance Company of British Columbia, The	9366 200A Street, Langley BC V1M 4B3	British Columbia
National Bank Life Insurance Company	800 rue Saint-Jacques, bureau 91891, Montréal, QC H3C 1A3	Quebec
National Liability & Fire Insurance Company	200 Bay Street, 15^th Floor, Toronto, ON M5J 2J2	Federal
New Home Warranty Insurance (Canada) Corporation, The	30 Springborough Blvd SW, Suite 301, Calgary, AB T3H 0N9	Alberta
Nordic Insurance Company of Canada, The	700 University Avenue, Suite 1500-A, Toronto, ON M5G 0A1	Federal
Northbridge General Insurance Corporation	105 Adelaide Street West, Toronto, ON M5H 1P9	Federal
Novex Insurance Company	700 University Avenue, Suite 1500-A, Toronto, ON M5G 0A1	Federal
Old Republic Insurance Company of Canada	100 King Street West, Suite 1100, Box 557, Hamilton, ON L8P 1A2	Federal
Optimum Insurance Company Inc.	425 de Maisonneuve Blvd. West, Suite 1500, Montreal QC H3A 3G5	Quebec
Palliser Insurance Company Limited	103-3502 Taylor Street East, Saskatoon, SK S7H 5H9	Saskatchewan
Peace Hills General Insurance Company	300-10709 Jasper Avenue, Edmonton, AB T5J 3N3	Alberta
Personal Insurance Company, The	6300 Guillaume-Couture Blvd., Levis, QC G6V 6P9	Federal
Petline Insurance Company	111 Westmount Road S., PO Box 2000, Waterloo, ON N2J 2L6	Federal
Portage La Prairie Mutual Insurance Company, The	749 Saskatchewan Avenue East, Box 340, Portage la Prairie, MB R1N 3B8	Federal
Primmum Insurance Company	66 Wellington Street West, 39^th Floor, Toronto, ON M5K 1A2	Federal
Protective Insurance Company	330 Eagle Street, Newmarket ON L3Y 1K1	Federal
RBC Insurance Company of Canada	6880 Financial Drive, Tower 1, 9^th Floor, Mississauga, ON L5N 7Y5	Federal
Red River Mutual Insurance Company	245 Centre Avenue East, PO Box 940, Altona, MB R0G 0B0	Manitoba
RiverStone International Insurance, Inc.	77 King Street West, Suite 400, Toronto, ON M5K 0A1	Federal
Royal & Sun Alliance Insurance Company of Canada	700 University Ave, Suite 1500, Toronto, ON M5G 0A1	Federal
S & Y Insurance Company	10 Aviva way, Suite 100, Markham, ON L6G 0G1	Federal
Safety National Casualty Corporation	77 King Street West, Suite 400, Toronto, ON M5K 0A1	Federal
Sagen Mortgage Insurance Company Canada	300-2060 Winston Park Drive, Oakville, ON L6H 5R7	Federal
Sandbox Mutual Insurance Company	250 Willis Crescent, Saskatoon, SK S7T 0V2	Federal
SCOR UK Company Limited	2800-145 King Street West, Toronto, ON M5H 1J8	Federal
Scottish & York Insurance Co. Limited	10 Aviva Way, Suite 100, Markham, ON L6G 0G1	Federal
Security National Insurance Company	12^th-50 Place Cremazie, Montreal, QC H2P 1B6	Federal
Sentry Insurance Company	77 King Street West, Suite 400, Toronto, ON M5K 0A1	Federal
SGI Canada Insurance Services Ltd.	2260-11^th Avenue, Regina, SK S4P 0J9	Saskatchewan
Sompo Japan Insurance Inc.	Suite 3200, 40 Temperance St., Toronto, ON M5H 0B4	Federal
Sonnet Insurance Company	111 Westmount Road South, Waterloo, ON N2J 4S4	Federal
Sovereign General Insurance Company, The	130 MacDonell Street, Priory Square, Guelph, ON N1H 6P8	Federal
St. Paul Fire and Marine Insurance Company	165 University Avenue, Toronto, ON M5H 3B9	Federal
Starr Insurance & Reinsurance Limited	200 King Street West, Suite 1805, PO Box 16, Toronto, ON M5H 3T4	Federal
Stewart Title Guaranty Company	2600 – 200 Bay Street, Royal Bank Plaza, North Tower, Toronto, ON M5J 2J2	Federal
Swiss Re Corporate Solutions America Insurance Corporation	1000-150 King Street West, Toronto, ON M5H 1J9	Federal
TD General Insurance Company	66 Wellington Street West, 39^th Floor, Toronto, ON M5K 1A2	Federal
TD Home and Auto Insurance Company	66 Wellington Street West, 39^th Floor, Toronto, ON M5K 1A2	Federal
Technology Insurance Company, Inc.	330 Eagle Street, Newmarket, ON L3Y 1K1	Federal
Temple Insurance Company	22^nd floor, 390 Bay Street, Toronto, ON M5H 2Y2	Federal
Tokio Marine & Nichido Fire Insurance Co., Ltd.	105 Adelaide Street West, Toronto, ON M5H 1P9	Federal
Tokio Marine Canada Ltd.	330 Bay Street, Suite 400, Toronto, ON M5H 2S8	Federal
Traders General Insurance Company	10 Aviva Way, Suite 100, Markham, ON L6G 0G1	Federal
Trafalgar Insurance Company of Canada	700 University Avenue, Suite 1500-A, Toronto, ON M5G 0A1	Federal
Trans Global Insurance Company	16902 – 137 Avenue, Edmonton, AB T5V 0C8	Alberta
Travelers Insurance Company of Canada	165 University Avenue, Toronto, ON M5H 3B9	Federal
Trisura Guarantee Insurance Company	1610-333 Bay Street, Box 22, Toronto, ON M5H 2R2	Federal
Triton Insurance Company	1420–380 Wellington Street, London, ON N6A 5B5	Federal
Unica Insurance Inc.	625 Jacques-Parizeau St. Québec QC G1R 2G5	Quebec
Unifund Assurance Company	700 University Ave, Suite 1500, Toronto, ON M5G 0A1	Federal
United States Liability Insurance Company	4080 Confederation Pkwy, Suite 702, Mailbox 13, Mississauga ON L5B 0G1	Federal
Verassure Insurance Company	105 Adelaide Street West, Toronto, ON M5H 1P9	Federal
Wawanesa Mutual Insurance Company, The	107–4^th Street, Box 40, Wawanesa MB R0K 2G0	Federal
Western Surety Company	2100-1881 Scarth Street, Regina, SK S4P 4K9	Federal
Wynward Insurance Group	1240-1 Lombard Place, Winnipeg, MB R3B 0V9	Federal
XL Reinsurance America Inc.	100 King Street West, Suite 3010, Toronto, ON M5X 1C9	Federal
XL Specialty Insurance Company	First Canadian Place 100 King Street West, Suite 3020, Toronto, ON M5X 1C9	Federal
Zenith Insurance Company	105 Adelaide Street West, Toronto, ON M5H 1P9	Federal
Zurich Insurance Company Ltd	100 King Street W., Suite 5500, PO Box 290, Toronto, ON M5X 1C9	Federal

RECIPROCAL EXCHANGES
Name	Canadian Head Office or Chief Agent Address	Primary Regulator
Asset Protection Insurance Exchange	445 North Broad Street, Regina, SK S4R 2X8	Saskatchewan
Canadian Airports Reciprocal Insurance Exchange (CARIE)	1400-10303 Jasper Avenue, Edmonton, AB T5J 3N6	Alberta
Canadian Applicators Insurance Reciprocal	1002 Warsaw Avenue, Winnipeg, MB R3M 1E4	Manitoba
Canadian Egg Industry Reciprocal Alliance – CEIRA	201–1827 Woodward Drive, Ottawa ON K2C 0P9	Ontario
Canadian Lawyers Insurance Association	700, 333–11^th Avenue S.W., Calgary, AB T2R 1L9	Alberta
Canadian Universities Reciprocal Insurance Exchange	405 -5500 North Service Road, Burlington, ON L7L 6W6	Ontario
Healthcare Insurance Reciprocal of Canada	1600-4711 Yonge Street, Toronto, ON M2N 6K8	Ontario
Poultry Insurance Exchange Reciprocal of Canada	806-3000 Creekside Drive, Dundas, ON L9H 7S8	Ontario

FRATERNAL SOCIETIES
Name	Canadian Head Office or Chief Agent Address	Primary Regulator
Actra Fraternal Benefit Society	1000 Yonge Street, Toronto, ON M4W 2K2	Federal
Faithlife Financial	300-470 Weber Street North, Waterloo, ON N2L 6J2	Federal
Grand Orange Lodge of British America, The	505 Consumers Road, Suite 706, Toronto, ON M2J 4V8	Federal
Independent Order of Foresters, The	789 Don Mills Road, Toronto, ON M3C 1T9	Federal
Knights of Columbus	888 Sidney Street, Belleville, ON K8N 4Z5	Federal
Teachers Life Insurance Society (Fraternal)	703 – 50 Burnhamthorpe Road West, Mississauga, ON L5B 3C3	Federal
Ukrainian National Association, Inc.	102-90 Allstate Parkway, Markham, ON L3R 6H3	Federal

Insurance Annual Statements Filing Requirements

LICENCE FEES FOR INSURERS, RECIPROCAL EXCHANGES & FRATERNAL SOCIETIES

Class of Insurance	Licence Fee
(a) Life insurance	$1,220.00
(b) Life and Accident and Sickness insurance	$1,590.00
(c) Property insurance	$1,525.00
(e) Hail insurance	$610.00
(f) Accident and Sickness insurance Aircraft insurance Boiler and Machinery insurance Credit insurance Credit Protection insurance Fidelity insurance Legal Expense insurance Liability insurance Marine insurance Mortgage insurance Other approved products Surety insurance Title insurance	$925.00 (for 1 or more classes)
(g) Automobile insurance	$795.00
(i) Reciprocal Exchange	$575.00
(j) Reinsurance only	$925.00
COMBINATION OF CLASSES OF INSURANCE	LICENCE FEE
(c) (f)	$1,988.00
(c) (g)	$1,923.00
(c) (f) (g)	$2,280.00
(c) (e) (f)	$2,280.00
(c) (e) (f) (g)	$2,280.00
(c) (e)	$1,830.00
(c) (e) (g)	$2,228.00
(f) (g)	$1,323.00
Fraternal Society (with not more than 500 members in the province)	$215.00
Fraternal Society (with more than 500 members in the province)	$430.00
Mutual Insurance Company (Provincial)	$405.00
Attorney Fee	$60.00
Discontinuing Licence	$70.00
Document Examination Fee for Insurers or Reciprocal Exchanges	$345.00
Fraternal Society or Mutual Benefit Society Original Document Filing Fee	$85.00
The fee payable for an initial licence is reduced by half if the licence application is made after June 30 in any year.
OTHER FEES
Annual Statement Filing Fee	$35.00
Certificate of Superintendent	$25.00
Certified Copy of Company Licence	$25.00
Copies of documents	$.60 per page
Amendment Fee	$60.00

Insurance Fees Regulation
Classes of Insurance Regulation

Form Name	Form
Authorized Signatures	Form Z6
Complaint Form	-
Monthly Activity Report	Form Z2
Notice of Appointment of Manitoba Chief Agent or Resident Manager	Form Z3
Power of Attorney For Chief Agent In Canada	Form Z4
Reserve Fund and Guarantee Fund Calculations	Form Z5

1. How do I know if the company I want to buy insurance from is licensed?

Please see the following list of licensed insurance companies in Manitoba. (Link to list on our website)

2. How do I know if the insurance agent or broker I want to buy insurance from is licensed?

Please contact the Insurance Council of Manitoba who is delegated with the responsibility for the licensing and disciplining of insurance agents, brokers and adjusters in Manitoba.

3. How do I find out if a life insurance policy exists for a deceased family member?

If you cannot find the life insurance policy, the Life and Health Insurance Ombudservice (OLHI) may be able to do a search on your behalf by contacting their member insurance companies if they hold a policy. Click here for more information.

Financial Institutions Regulation Branch administers The Credit Unions and Caisses Populaires Act. Under this legislation, it oversees compliance and ensures the public interest is protected. Financial Institutions is also responsible for reviewing policy matters and legislation and for directly overseeing the Deposit Guarantee Corporation of Manitoba. The DGCM guarantees deposits in credit unions and caisses populaires and promotes the development of sound business practices to protect credit union and caisse populaire members against financial loss.

The DGCM is the primary regulator of the credit union and caisse populaire system and of Credit Union Central of Manitoba (CUCM). The DGCM monitors the financial health of the system, inspecting loans and taking remedial action where needed. The DGCM administers the guarantee fund that is approximately one percent of credit union and caisses populaire member deposits to support its guarantee.

Additionally, Financial Institutions is responsible for credit union and caisse populaire policy and recommendations for legislative changes. Most of Financial Institutions research is done in cooperation with the Credit Union Prudential Supervisors Association and trade associations representing credit unions and caisses populaires locally and nationally.

Credit Unions

Fees

Forms

FAQs

The credit unions and caisses populaires incorporated in Manitoba as of May 1, 2025, are:

DISCLAIMER: This list is provided for the convenience of the public. The MFSA does not warrant the accuracy or completeness of this list and accepts no liability for damages of any kind arising from the use of the list. To verify registrations call 204-945-2542. To download the PDF version of this list, click here.

Name	Manitoba Head Office
Access Credit Union Limited	Unit 2 – 23111 PTH 14, Box 1418, Rural Municipality of Stanley, MB R6P 0B1
Assiniboine Credit Union Limited	6th Floor, 200 Main Street, Box 2 Stn Main, Winnipeg, MB R3C 2G1
Belgian-Alliance Credit Union Limited	1177 Portage Avenue, Winnipeg, MB R3G 0T2
Cambrian Credit Union Limited	225 Broadway, Winnipeg, MB R3C 5R4
Compass Credit Union Limited	1016 Rosser Avenue, Brandon, MB R7A 0L6
Flin Flon Credit Union Limited	36 Main Street, Flin Flon, MB R8A 1J6
Fusion Credit Union Limited	50 Maple Avenue East, Box 430, Hamiota, MB R0M 0T0
Me-Dian Credit Union of Manitoba Limited	303 Selkirk Avenue, Winnipeg, MB R2W 2L8
Niverville Credit Union Limited	62 Main Street, Box 430, Niverville, MB R0A 1E0
Rosenort Credit Union Limited	23 Main Street, Box 339, Rosenort, MB R0G 1W0
Steinbach Credit Union Limited	333 Main Street, Steinbach, MB R5G 1B1
Stride Credit Union Limited	19 Royal Road North, Portage la Prairie, MB R1N 1T9
Sunrise Credit Union Limited	2nd Floor-2305 Victoria Avenue, Brandon, MB R7B 4H7
Swan Valley Credit Union Limited	913 Main Street East, Box 1510, Swan River, MB R0L 1Z0
Winnipeg Police Credit Union Limited	300 William Avenue, Winnipeg, MB R3A 1P9

The following fees are payable under the Credit Unions and Caisses Populaires Act and include the cost of notices that the Registrar must publish in The Manitoba Gazette:

Category	Fee
a) on issuance by the Registrar of a certificate of:
i. incorporation of a credit union	$250.00
ii. amendment of articles, other than an amendment correcting a clerical error	$200.00
iii. amendment of articles correcting a clerical error	$30.00
iv. restated articles	$135.00
v. amalgamation	$1,000.00
vi. articles of reorganization	$250.00
vii. revival of a credit union	$70.00
viii. intent to dissolve or revocation of intent to dissolve	$35.00
ix. dissolution	$35.00
b) for approval of by-laws or amendment, repeal or replacement of by-laws	$25.00
c) for filing a notice	$5.00
d) for filing an annual return	$50.00
e) for late filing of an annual return, for each day after the date the annual return is due to be filed (maximum total $125 per return)	$1.00
f) for a request to reserve one name	$30.00
g) for a search by mail of documents filed by a credit union	$5.00
h) for an order of the registrar	$135.00
i) for a certificate of status	$20.00
j) for a certified or photo copy of i. articles	$20.00
ii. any document not otherwise provided for in this subsection, A. for first page	$5.00
B. for each additional page	$.50
k) for limited registration of an extra-provincial credit union	$250.00
l) for filing an offering statement	$500.00
m) for filing a statement of change in facts	$100.00

Complete your application online then print and send.

Form Name	Form
Articles of Incorporation	Form 1
Consent To Act As A First Director	Form 2
Notice Of Registered Office	Form 3
Notice Of Change Of Registered Office	Form 4
Notice Of Change Of Directors	Form 5
Articles Of Amendment	Form 6
Restated Articles Of Incorporation	Form 7
Articles Of Amalgamation	Form 8
Articles Of Reorganization	Form 9
Statement Of Intent To Dissolve Or Revocation Of Intent To Dissolve	Form 10
Articles Of Dissolution	Form 11
Articles Of Revival	Form 12
Certificate Of Dissolution	Form 15
Offering Statement	Form 16
Offering Statement Guidelines
Statement Of Change In Facts	Form 17

1. How do I know if a credit union or caisses populaire is registered?

Please see the following list of credit unions and caisses populaires in Manitoba.

Financial Institutions Regulation Branch is responsible for administering Part XXlV of The Corporations Act and issuing business authorizations to all trust and loan companies operating in Manitoba.

Most trust and loan companies operating in Manitoba are federally regulated by the Office of the Superintendent of Financial Institutions. The remaining few are extra-provincially regulated by other Canadian jurisdictions.

Trust and Loan Corporations

Fees

Forms

The federal and extra provincial trust and loan corporations registered to do business in Manitoba as of May 1, 2025, are:

TRUST AND LOAN CORPORATIONS
Name	Canadian Head Office	Jurisdiction
Alliance Trust Company	1010, 407-2^nd Street SW, Calgary, AB T2P 2Y3	Federal
B2B Trustco	199 Bay Street, Suite 600, Toronto, ON M5L 0A2	Federal
Bank of Montreal Mortgage Corporation	350-7th Avenue SW, Calgary, AB T2P 3N9	Federal
Bank of Nova Scotia Trust Company	44 King Street West, Toronto, ON M5J 0B6	Federal
BMO Trust Company	1 First Canadian Place, 100 King Street West, 21^st Floor, Toronto, ON M5X 1A1	Federal
Canada Trust Company (The)	66 Wellington Street West, TD Tower, 15th Floor, Toronto, ON M5K 1A2	Federal
Canadian Western Trust Company	3000, 10303 Jasper Avenue, Edmonton, AB T5J 3X6	Federal
Central 1 Trust Company	1441 Creekside Drive, Vancouver, BC V6J 4S8	Federal
CIBC Mellon Trust Company	329 Bay Street, PO Box 1, Toronto, ON M5H 4A6	Federal
CIBC Mortgages Inc.	33 Yonge Street, Suite 700, Toronto, ON M5E 1G4	Federal
CIBC Trust Corporation	18 York Street, Suite 1200, Toronto, ON M5J 2T8	Federal
Cidel Trust Company	Suite 430, 1015 4th St SW, Calgary, AB T2R 1J4	Alberta
Citizens Trust Company	401-815 W Hastings Street, Vancouver, BC V6C 1B4	Federal
Community Trust Company	2350 Matheson Boulevard East, Mississauga, ON L4W 5G9	Federal
Computershare Advantage Trust of Canada	88A East Beaver Creek Road Richmond Hill, ON L4B 4A8	Federal
Computershare Trust Company of Canada	100 University Avenue, 11th Floor, Toronto, ON M5J 2Y1	Federal
Concentra Trust	333 3rd Avenue North, Saskatoon, SK S7K 2M2	Federal
Endeavor Trust Corporation	702 – 777 Hornby Street, Vancouver, BC V6Z 1S4	British Columbia
Equitable Trust	Equitable Bank Tower, 30 St. Clair Ave. W., Suite 700, Toronto, ON M4V 3A1	Federal

TRUST AND LOAN CORPORATIONS
Name	Canadian Head Office	Jurisdiction
Fiduciary Trust Company of Canada	200 King Street West, Suite 1500, Toronto, ON M5H 3T4	Federal
Fiducie Desjardins Inc.	1, Complexe Desjardins, 25th Floor, South Tower, Montreal, QC H5B 1B2	Federal
FNB Trust	224 – 4th Avenue South, Saskatoon, SK S7K 5M5	Federal
GPC Financial Corporation	3381 Steeles Avenue East, Suite 200, Toronto, ON M2H 3S7	Federal
Home Trust Company	Suite 2300, 145 King Street West, Toronto, ON M5H 1J8	Federal
Industrial-Alliance Trust Inc.	1080 Grande Allee West, Quebec, QC G1S 1C7	Federal
Investors Group Trust Co. Ltd.	447 Portage Avenue, Winnipeg, MB R3B 3H5	Federal
Laurentian Trust of Canada Inc.	1981 McGill College Avenue, MontrÈal, QC H3A 3K3	Federal
LBC Trust	1981 McGill College Avenue, Montreal, QC H3A 3K3	Federal
Legacy Private Trust	Suite 800, 1 Toronto Street, Toronto, ON M5C 2V6	Federal
Manulife Trust Company	500 King Street North, Waterloo, ON N2J 4C6	Federal
MCAN Mortgage Corporation	200 King Street West, Suite 600, Toronto, ON M5H 3T4	Federal
Marrelli Trust Company Limited	1111 Melville Street, Suite 620, VANCOUVER, BC V6E 3V6	British Columbia
Montreal Trust Company of Canada	1002 Sherbrooke Street West, Suite 400, Montreal, QC H3A 3M3	Federal
Natcan Trust Company	600 de la Gauchetière St. West, 28th Floor, Montreal, QC H3B 4L2	Federal
National Bank Trust Inc.	600 de la Gauchetière St. West, 28th Floor, Montreal, QC H3B 4L2	Quebec
National Trust Company	1 Ontario Street, PO Box 128, Stratford, ON N5A 6S9	Federal
Northern Trust Company, Canada (The)	145 King Street West, Suite 1910, Toronto, ON M5H 1J8	Federal
Odyssey Trust Company	Stock Exchange Tower, 1230-300 5th Avenue SW, Calgary, AB T2P 3C4	Federal
Olympia Trust Company	2300, 125 9th Avenue SE, Calgary, AB T2G 0P6	Alberta
Peace Hills Trust Company	Samson Mall, PO Box 60, Maskwacis, AB T0C 1N0	Federal
Peoples Trust Company	14th Floor, 888 Dunsmuir Street, Vancouver, BC V6C 3K4	Federal
RBC Investor Services Trust	155 Wellington Street West, 10th Floor, Toronto, ON M5V 3L3	Federal
Royal Bank Mortgage Corporation	200 Bay Street, 9th Floor, South Tower, Toronto, ON M5J 2J5	Federal
Royal Trust Company (The)	1 Place Ville Marie, 6th Floor, South Wing, Montreal, QC H3C 3A9	Federal
Royal Trust Corporation of Canada	200 Bay Street, 9th Floor, South Tower, Toronto, ON M5J 2J5	Federal
Scotia Mortgage Corporation	44 King Street West, Toronto, ON M5H 1H1	Federal

TRUST AND LOAN CORPORATIONS
Name	Canadian Head Office	Jurisdiction
State Street Trust Company Canada	30 Adelaide Street East, Suite 1400, Toronto, ON M5C 3G6	Federal
Sun Life Financial Trust	227 King Street South, Waterloo, ON N2J 4C5	Federal
TD Mortgage Corporation	66 Wellington Street West, 12th Floor, Toronto, ON M5K 1S2	Federal
TD Pacific Mortgage Corporation	700 West Georgia Street, 3rd Floor, Vancouver, BC V7Y 1A2	Federal
TSX Trust Company	130 King Street West, Toronto, ON M5X 1J2	Federal
Valiant Trust Company	300, 10303 Jasper Avenue, Edmonton, AB T5J 3X6	Federal

Category	Fee
Obtain or Amend Business Authorization	$1,500.00
Annual Business Return	$5,000.00
Annual Business Return late fee/per day	$200.00
Certificate of Status	$40.00

Complete your application online then print and send.

Form Name	Form
Application for a Business Authorization	Form 26
Application to Amend a Business Authorization	Form 27
Annual Business Return	Form 28
Consent to Examinations	Form Z1
Instructions for Form 28	Instructions

Effective May 1, 2020, the Companies Office became responsible for the registry of cooperative corporations (co-ops) in Manitoba. The Companies Office is also responsible for updating articles of incorporation and dissolution of co-ops in Manitoba. The Financial Institutions Regulation Branch remains responsible for reviewing securities offerings and facilitating housing cooperative appeals. Click here to learn more.

Filing Offering Statements

Starting a Cooperative

Forms

Cooperatives raise capital for their development and operations by offering to sell securities to co-op members and non‑members. By definition, securities include shares issued by the co-op, loans made to the co-op, and other instruments, such as bonds or debentures.

Some offers are free from the requirements of The Cooperatives Act and Regulations if they meet the requirements for exemption from offering statements. However, if an exemption is not available, the co-op must prepare an offering statement and deliver it to each prospective purchaser. The co-op must also submit the offering statement to the Superintendent of Cooperatives at Financial Institutions for approval. If the Superintendent of Cooperatives approves the offering statement, it will then issue a receipt for the offering statement. That receipt is required before the co-op may begin selling securities.

The regulatory process in Manitoba for co-op securities is designed to allow prospective purchasers to make informed investment decisions while also ensuring that co-ops can raise capital from their members and other supporters without undue cost.

In 1999 the Manitoba Securities Commission issued an exemption order allowing co-ops to sell securities to non-members without being registered under The Securities Act. The order sets certain conditions and limitations.

The offering statement is roughly similar to a prospectus, for which the Manitoba Securities Commission issues a receipt to allow business corporations to make public offerings of securities.

When Is a Co-op Exempt from Offering Statement Requirements?

Co-ops do not need to prepare offering statements in the following situations:

The co-op issues shares or accepts member loans for a total price of not more than $1,000 per member.
The co-op has decided, through its bylaws, to issue shares or loan certificates for part or all of a patronage return*.
The co-op has filed a prospectus for the securities with the Manitoba Securities Commission (which oversees the offering of securities for business corporations). A very large co-op might use this process to access capital in the public markets or to create a market for the resale of its shares. Neither of these options would be available through the offering statement process.

*Patronage Return – “patronage return” means an amount that under this Act is allocated among and credited or paid by a cooperative to its members, or to its members and non-member patrons, based upon the business done by each of them with or through the cooperative.

What Needs to be Included in the Offering Statement?

The Cooperatives Act states:

Offering Statement

89(1) Before a cooperative issues any shares or other securities, it shall send to the Superintendent, and receive a receipt from the Superintendent for, an offering statement in a form approved by the Superintendent

(a) that provides a full, true and plain disclosure of all the material facts relating to the shares or securities and the purposes for which the funds to be raised by their issue are to be used;

(b) that complies as to content with, and otherwise is in accordance with, this Act and the regulations; and

(c) that is accompanied by such documents, reports and other materials as are required by this Act and the regulations.

This means that the co-op needs to provide sufficient information to investors to allow them to make a reasonably informed decision about whether or not to invest.

For assistance writing an offering statement, co-ops can also review the requirements under The Cooperatives Act and Regulations or talk to a consultant, lawyer, or accountant with relevant experience.

A Co-op’s offering statement must include the following:

The co-op’s name and the date of incorporation as set out in its Articles of Incorporation.
The address of its head office.
The name and place of residence of each of its directors and officers and the title of each officer.
A description of the business carried on by the co-op and its subsidiaries, if any, and the business each of them intends to carry on.
A summary of the co-op’s most recent business plan, if available.
A description of the co-op’s capital structure (including its authorized capital and issued capital) and the rights, privileges, conditions and material characteristics of the securities being offered.
A description of all the rights, privileges, conditions, and material characteristics of the securities being offered.
A description of how the proceeds from the sale of the securities will be used. If the proceeds will be used for investment purposes, the co-op must provide a description of its investment policy. If the proceeds will be invested in specific businesses, a description of the nature of the businesses, their management, and their capital structure is required.
If the offering is being made in connection with a plan of reorganization, a purchase and sale, or an amalgamation, the co-op must submit a description of the general effect of these proposed changes and when they will be made. Details are to be provided on the method of selling the securities and of any commission payable or discount allowable on the sale.
A description of how the securities will be redeemed. (For many co-ops, the securities offered are not available on any market. They are available only through the offering statement process.)
A statement of the maximum and minimum amount of the offering and, where applicable, the maximum or minimum amount of any subscription. The co-op must also provide a description of what will happen to the proceeds if the minimum amount of the offering is not raised (e.g., the money raised will not be spent until the minimum is raised or it will be given back to the investors if the minimum is not raised).
The amount and particulars of any securities, mortgages, bonds, debentures, or other debt obligations that must be paid back before the securities are issued.
A description of any material legal proceedings to which the co-op or its subsidiaries are a party.
A description of any material interest of any director, officer, or employee of the co-op or its subsidiaries in the operations of the co-op generally or in the securities being issued.
A description of every material contract entered into within two years before the date of the offering statement.
A description of the risk factors of the co-op or the particular project that the securities will be financing and the risks associated with the securities being offered.
The amount of dividends, patronage returns, or other distributions if they were paid out, or declared and not paid out, at any point in the five years before the date of the offering statement, or since the co-op’s date of incorporation, whichever is the shorter period.
The name and address of the auditor of the co-op, if applicable.
The co-op’s financial statements if it has completed a financial year, along with an auditor’s report (if required) and interim unaudited financial statements dated within 90 days of filing the offering statement.
A description of any other material facts.

Other Requirements

The following statement must appear in conspicuous type on the top of the first page of every offering statement.

The Superintendent under The Cooperatives Act of Manitoba has not in any way passed upon the merits of the securities offered in this offering statement. Any representation to the contrary is an offence under the laws of Manitoba. Investors should not rely on any information other than what is contained in this offering statement. The information in any projections or pro forma statements contained in this offering statement may vary materially from actual results.

If the offering statement is for issue of securities that may be sold to persons other than members of the co-op, the following statements must also appear in conspicuous type on the top of the first page of every offering statement.

This offering is being made in reliance on an order exempting the offering from the requirements of The Securities Act (Manitoba). The Manitoba Securities Commission has not in any way passed upon the merits of the securities offered and has not reviewed this offering statement. Investors do not have the rights and protections provided in The Securities Act.

The following must appear in conspicuous type on the top of a separate page of every offering statement.

RISK FACTORS

The purchase of Shares is subject to a number of risk factors, including but not limited to:

1. Past Performance. The Cooperative has been in operation since __________. Past performance is not a guarantee of future success. For a greater understanding of the Cooperative’s operation to date, consult the audited (or other quality) financial statements for the year ending _____________, which forms part of and is a Schedule to this Offering Statement.

2. No Market. There is no active market for the Shares. There are resale restrictions under The Cooperatives Act. In addition, the Shares may not be readily accepted as collateral for a loan and the disposition of Shares may result in tax consequences. There are restrictions on the transfer and redemption of Shares as described elsewhere in this Offering Statement.

3. Speculative Investment. The Shares are speculative securities. An investment in Shares may not be suitable for all investors. An investment in Shares should be considered a long-term investment. There is no guarantee that the Purchaser will earn a specified rate of return or any return in the short- or long-term.

4. No Guaranteed Redemption. There is no guarantee that the Cooperative will be in a financial position to redeem any Shares at any time. The Cooperative is under no obligation to redeem the Shares to the Purchaser. These Shares are risk capital.

5. No Guaranteed Dividends. There is no guarantee that the Purchaser will be paid a dividend. The Cooperatives Act prohibits a Cooperative from paying a dividend on Shares if there are reasonable grounds to believe that the Cooperative is, or would after the payment be, unable to pay its liabilities as they become due; or the realizable value of its assets after payment of the dividend would be less than the total of its liabilities and the stated capital of all its issued Shares.

6. Management Track Record and Experience. The Purchaser will be relying on the business judgment, expertise and integrity of the Board and management of the Cooperative. Purchasers who are unwilling to rely on the discretion of management should not purchase Shares. Purchasers should review the Cooperative’s projections herein and the attached financial statements.

Lastly, a certificate (usually the last page of the offering statement) must include the following conspicuous type. This statement must be signed by the chair of the board, or the president, as well as, the treasurer – and it must indicate when the certificate was signed by each of them:

The foregoing constitutes full, true and plain disclosure of all material facts relating to the securities offered by this offering statement as required by section 89 of The Cooperatives Act.

Please refer to Manitoba Economic Development and Training for information on how to start a cooperative.

Complete your application online then print and send.

Form Name	Form
Notice of Appeal	Form 19
Offering Statement	Form 23