First some background. Many times we talk of getting or signing an Equity contract. And indeed there are actual Equity contracts. The Independent Artists Projects Policy, Small Scale Theatre Addendum or Guest Artist Policy contracts are a few examples. The main agreement is the Canadian Theatre Agreement that is negotiated every three years by P.A.C.T {Professional Association of Canadian Theatres} and Equity {Canadian Actors Equity Association}. If you have your copy of the CTA handy take a look at the back cover and see how the word “Professional” is misspelled. Simple typo or editorial commentary? Who knows.
Once you willingly or forcibly join Equity you can never really leave. Until it was changed a few years back Equity used your S.I.N. as your RRSP Contribution number. So theoretically if you resigned they would have to cancel your RRSP which would in effect stop them ever using your S.I.N. again as an identifier if you ever re-joined. I’m not sure the S.I.N. was ever intended to be used in such a way but there you have it. I think that then a decision was made that even if you resigned you could not completely collapse your RRSP. 10% always had to be left in. That way it stayed open, your S.I.N was still linked and operational and you were still an Equity member. Thus whatever your life choices were after that you were still supposed to operate under the rules of the organization. Real life Hotel California.
In recent years the S.I.N. was de-linked and everyone was issued an Equity# but I am still not sure if you can withdraw 100% of your RRSP upon resigning.
More on this in C.T.A. Part 2
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