Ontario Cemetery And Funeral Services Regulations Practice Test

Under the transition, older maintenance funds automatically become funds under the new Act.

They automatically become funds under the new Act They are dissolved They stay under the old Act They are returned to the fund owners

Correct Answer:

They automatically become funds under the new Act

Explanation:

During the transition to the new Act, maintenance funds established under the old regime are automatically transferred to the new Act’s framework. This ensures ongoing protection for beneficiaries who rely on the fund for perpetual care and guarantees the funds are managed under the current regulatory standards with proper oversight and reporting. Dissolving the funds, keeping them under the old Act, or returning them to fund owners would create gaps or undermine the updated safeguards, so the automatic transfer aligns with the transition’s intent.

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