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Agnew Pension Surplus
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Re: The Agnew Group Inc. Retirement Plan ("the
Plan")
Re: PricewaterhouseCoopers Inc. v. Paul LeBlanc et al Ontario Superior Court
File No. 02-CV-241040
On May 28, 2004 the Superintendent of Financial Services approved the proposed
surplus distribution.
The surplus shares were distributed by the Plan Administrator Morneau Sobeco in
July 2004.
As has been explained previously in Report #3, surplus shares have been
distributed to members in the form of a lump sum cash payment and are therefore
subject to federal income tax withholding rules. The exception to this is with
respect to members whose entitlements are equal to or exceed $5,000 who were
given the option to transfer their share of the surplus on a tax-deferred basis
to an RRSP account, subject to individual contribution and age limits.
If you have not received your surplus share or have any questions or concerns,
please do not hesitate to contact us by faxing your information to us at
416-204-2897 or by mail at Koskie Minsky 20 Queen Street West, Suite 900 Box
52, Toronto, Ontario, M5H 3R3.
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