Form RC7259X Cancel Business Consent or Delegated Authority for Certain Selected Listed Financial Institutions - Canada

Form RC7259X is used in Canada to cancel business consent or delegated authority for certain selected listed financial institutions. This form allows individuals to revoke their consent or authority given to these institutions for various financial purposes.

The Form RC7259X Cancel Business Consent or Delegated Authority for Certain Selected Listed Financial Institutions in Canada can be filed by the financial institution itself.

FAQ

Q: What is Form RC7259X?A: Form RC7259X is a form used in Canada to cancel the business consent or delegated authority for certain selected listed financial institutions.

Q: Who uses Form RC7259X?A: This form is used by individuals or businesses in Canada who want to cancel their business consent or delegated authority with specific listed financial institutions.

Q: What is the purpose of canceling business consent or delegated authority?A: Canceling business consent or delegated authority allows individuals or businesses to revoke their authorization for specific listed financial institutions to act on their behalf.

Q: Are there any requirements to use Form RC7259X?A: Yes, you must meet certain conditions and provide relevant information about the financial institution and your authorization in order to use Form RC7259X.

Q: Is there a fee to submit Form RC7259X?A: No, there is no fee associated with submitting Form RC7259X.

Q: How long does it take to process Form RC7259X?A: Processing times may vary, but generally, it takes a few weeks for the cancellation to be processed.

Q: Can I cancel my business consent or delegated authority with any financial institution using Form RC7259X?A: No, Form RC7259X can only be used to cancel business consent or delegated authority with specific listed financial institutions.

Q: What should I do after submitting Form RC7259X?A: After submitting Form RC7259X, it is recommended to keep a copy of the form for your records and follow up with the relevant financial institution to ensure the cancellation is processed.

Q: Can I revoke the cancellation of business consent or delegated authority in the future?A: Yes, you can submit a new authorization form in the future if you wish to reinstate the business consent or delegated authority.