NOVA CORP \GA\
SC 13G, 1999-02-16
MISCELLANEOUS BUSINESS SERVICES
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                             SECURITIES AND EXCHANGE
                                   COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934


                                   NOVA CORP.
                                (Name of Issuer)


                                  Common Stock
                         (Title of Class of Securities)

 
                                    669784100
                                 (CUSIP Number)


                                December 31, 1998
             (Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

     [X]   Rule 13d-1(b)
     [ ]   Rule 13d-1(c)
     [ ]   Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).


<PAGE>


CUSIP No.                             13G                    Page 2 of 12 Pages


________________________________________________________________________________
1.   NAME OF REPORTING PERSON
     SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     RT Investment Management Holdings Inc.
________________________________________________________________________________
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  [_]
                                                                 (b)  [_]
________________________________________________________________________________
3.   SEC USE ONLY


________________________________________________________________________________
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
     The jurisdiction of organization is Canada (federally incorporated company)


________________________________________________________________________________
              5.   SOLE VOTING POWER                                            
                   
                   
NUMBER OF     _________________________________________________________________ 
SHARES        6.   SHARED VOTING POWER                                          
BENEFICIALLY                                                                    
OWNED BY EACH      4,995,776                                                    
REPORTING     _________________________________________________________________ 
PERSON WITH   7.   SOLE DISPOSITIVE POWER                                       
                                                                                
                   
              _________________________________________________________________
              8.   SHARED DISPOSITIVE POWER
                   
                   4,995,776
________________________________________________________________________________
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     4,995,776
________________________________________________________________________________
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                          [_]
________________________________________________________________________________
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     5.42%
________________________________________________________________________________
12.  TYPE OF REPORTING PERSON*
     Foreign Parent Holding Company which received SEC no-action relief to file 
     on Schedule 13G as a "Qualified Institutional Investor"
________________________________________________________________________________

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>

Item 1(a). Name of Issuer:

     Nova Corp.

Item 1(b). Address of Issuer's Principal Executive Offices:

     Nova Corp.
     One Concourse Parkway
     Suite 300
     Atlanta, Georgia 30328

Item 2(a). Name of Person Filing:

     1.   RT Investment Management Holdings Inc. ("RTIM")
 
Item 2(b). Address of Principal Business Office or, if None, Residence:

     1.   RT Investment Management Holdings Inc.
          Royal Trust Tower, P.O. Box 97
          77 King Street West, Suite 3900
          Toronto, Ontario  M5K 1G8

Item 2(a). Citizenship:

     Canada

Item 2(d). Title of Class of Securities:

     Common Stock

Item 2(e). CUSIP Number:
     
     669784100

 
<PAGE>


Item 3. If this statement is filed pursuant to Rules 240.13d-1(b) or
        240.13d-2(b) or (c), check whether the person filing is a:

     1.   RT Investment Management Holdings Inc. is a Foreign Parent Holding
          Company which received SEC no-action relief to file on Schedule 13G as
          a Qualified Institutional Investor.

Item 4. Ownership.

     (a)  Amount beneficially owned:

          1.   RTIM - 4,995,776

     (b)  Percent of class:

          1.   RTIM - 5.42%
 
     (c)  Number of shares as to which such person has:

          (i)  Sole power to vote or to direct the vote

          (ii) Shared power to vote or to direct the vote

               1.   RTIM - 4,995,776
 
          (iii) Sole power to dispose or to direct the disposition of

          (iv) Shared power to dispose or to direct the disposition of

               1.   RTIM - 4,995,776
 
Item 5. Ownership of Five Percent or Less of a Class.

     If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].


<PAGE>


Item 6. Ownership of More than Five Percent on Behalf of Another Person.
 
1.   RT Investment Management Holdings Inc., a foreign parent holding company
     which received SEC no-action relief to file on Schedule 13G as a Qualified
     Institutional Investor, is reporting holdings over which it is deemed to be
     a beneficial owner by virtue of the fact that the holdings belong to client
     accounts managed on a discretionary basis by RT Investment Management

Item 7. Identification and Classification of the Subsidiary Which Acquired the
        Security Being Reported on by the Parent Holding Company.

     Please see attached Exhibit A, Disclosure Respecting Subsidiaries.

Item 8. Identification and Classification of Members of the Group.

     N/A

Item 9. Notice of Dissolution of Group.

     N/A

Item 10. Certification.

     By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and are held in the ordinary
course of business and were not acquired and are not held for the purpose of and
do not have the effect of changing or influencing the control of the issuer of
such securities and were not acquired and are not held in connection with or as
a participant in any transaction having such purpose or effect.


<PAGE>



                                    SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

                                                        February 15, 1999      
                                                  -----------------------------
                                                             (Date)
                                                  
                                                  
                                                  
                                                  /s/ Jennifer Lederman
                                                  -----------------------------
                                                           (Signature)
                                                  
                                                  
                                                  
                                                  Jennifer Lederman/Senior
                                                  Vice-President, Compliance,
                                                  RT/Investment Management
                                                  Holdings Inc.
                                                  -----------------------------
                                                           (Name/Title
                                                  
                                                  
                                                  


                            EXHIBIT A TO SCHEDULE 13G
                    ITEM 7 DISCLOSURE RESPECTING SUBSIDIARIES


RT Investment Management Holdings Inc, ("RTIM") is a parent holding company as
that term is defined by Rule 13d-1(b)(1)(ii)(G) of the Securities Exchange Act
of 1934 (the "Act") and is eligible to file on Schedule 13G pursuant to an SEC
no-action relief application. RTIM's aggregation holdings represent securities
that are beneficially owned by its subsidiaries which manage these securities on
behalf of their respective clients. RTIM's subsidiaries include, Royal Bank
Investment Management, RT Capital Management Inc., and RT Investment Counsel
Inc.

Royal Bank Investment Management Inc. ("RBIM") is a wholly-owned subsidiary of
RTIM. RBIM is a foreign investment adviser that has received SEC no-action
relief to file on Schedule 13G.

RT Capital Management Inc. ("RT Capital") is a wholly-owned subsidiary of RTIM.
RT Capital is a foreign investment adviser that has received SEC no-action
relief to file on Schedule 13G.

RT Investment Counsel Inc. ("RTIC") is a wholly-owned subsidiary of RTIM. RTIC
is a foreign investment adviser that has received SEC no-action relief to file
on Schedule 13G.

RTIM, RBIM, RT Capital and RTIC are federally incorporated Canadian corporations
whose business addresses are as follows:

RT Investment Management                Royal Bank Investment
Holdings Inc.                           Management Inc.
Royal Trust Tower, P.O. Box 97          Royal Trust Tower, P.O. Box 97
77 King Street West, Suite 3900         77 King Street West, Suite 3800
Toronto, Ontario                        Toronto, Ontario
M5K 1G8                                 M5K 1G8

RT Capital Management Inc.              RT Investment Counsel Inc.
Royal Trust Tower, P.O. Box 97          Royal Trust Tower, P.O. Box 97
77 King Street West, Suite 3700         77 King Street West, Suite 3900
Toronto, Ontario                        Toronto, Ontario
M5K 1G8                                 M5K 1G8




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