Scotiabank subsidiaries file to shrink stated capital, seeking regulator approval for up to C$170 million return to shareholder
Three Canadian trust and banking entities, including The Bank of Nova Scotia Trust Company, published notices in the Canada Gazette on October 24, 2026, saying they intend to apply for regulatory approval to reduce stated capital. The moves would permit transfers totaling up to C$170 million to their sole shareholder if approved by the Office of the Superintendent of Financial Institutions.