Remittance Advice forms

  • A Remittance Advice form must accompany every payment. No other forms are necessary.
  • Do not staple cheques to the Remittance Advice form as this damages the cheque.
  • Follow the instructions on the forms carefully.

Form RA1
For levies, undistributed assets, registration fees, interest or other (not sufficient funds (NSF), closed account, untraceable cheque or court costs)

  • Please note that Form RA1 has new restrictions and requires more information.
    • You may select only one remittance type. For example, you may not remit both levies and fees using the same form. You must use a separate form for each remittance type. 
    • Cheque numbers must be listed for all cheques mailed with this form to the OSB.

E-Remittance

The Office of the Superintendent of Bankruptcy (OSB) has developed an electronic process for submitting Remittance Advice forms (e-remittance). The move to e-remittance offers significant benefits over the paper-based system. Because data are sent directly from the Licensed Insolvency Trustee’s (LIT) practice–management software to the OSB, the potential for data-entry errors is greatly reduced. It also lowers LITs’ paper consumption and postage costs, and enables LITs to consolidate more payments into a single remittance.

Deadline established for levy payments

  • With the creation of the new Trustee Statement of Outstanding Balances for fees and levy payments, the OSB has introduced a deadline for levy payments.
  • From the date Form 11, 15 or 58 (Notice of Application/Deemed Discharge) is filed with the OSB, the LIT will have 45 calendar days to pay the levy. The objection period falls within the 45-day period.
  • There is no change to the date that registration fees are due to the OSB.

Form RA2
For unclaimed dividends

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