1. Qualifying Plan(s)
A new personal or spousal TD Mutual Funds Retirement Savings Plan or a new personal TD Multi-Holding Retirement Savings Plan (the "New RRSP").
or
A new TD Mutual Funds Tax-Free Savings Account or a new TD Multi-Holding Tax-Free Savings Account (the “New TFSA”).
The Award applies only to New RRSPs or New TFSAs. The Award does not apply to any type of Locked-in RRSP, including Locked-in Retirement Account (LIRA), Locked-in Registered Retirement Savings Plan (LRRSP) and Restricted Locked-in Savings Plan (RLSP). Registered Education Savings Plan (RESP), Registered Retirement Income Fund (RRIF) locked-in types of RRIF, non-personal and non-registered accounts do not qualify.
2. Qualifying Products
TD Mutual Funds or TD Managed Assets Program portfolios (excluding U.S.-denominated units of such investments) available for purchase through TD Investment Services Inc.
3. Eligibility Requirements
A $50 award (the "Award") is available if:
- A New RRSP or New TFSA, as defined above, is opened between March 13, 2023, and June 30, 2023 (the "Campaign Offer Period"); and
- A Pre-Authorized Purchase Plan ("PPP") is set up in the New RRSP or New TFSA with a minimum monthly investment amount of $50 by June 30, 2023, and invested into a Qualifying Product, as defined above; and
- The first PPP transaction occurs no later than July 31, 2023; and
- The PPP is maintained in the New RRSP or New TFSA until November 30, 2023 (the number of PPPs and fund allocation may change); and
- At least $150 is contributed to either the New RRSP or New TFSA through the PPP and invested into a Qualifying Product by November 30, 2023. The $150 must be maintained in the New RRSP or New TFSA until November 30, 2023; and
- To facilitate the payment of the Award, the New RRSP or New TFSA must remain open until November 30, 2023.
4. Deposit of the Award
For individuals with a New RRSP, the Award will be paid on or before November 30, 2023, as set out below:
For a TD Mutual Funds Retirement Savings Plan: As an investment into the same series1 of the same mutual fund in the same proportion as the PPP set up in the New RRSP.
i. For a personal TD Multi-Holding Retirement Savings Plan: As a deposit into the cash portion of the TD Multi-Holding Retirement Savings Plan.
For a spousal New RRSP, the Award will be paid into that plan and not paid to the contributor.
For individuals with a New TFSA, the Award will be paid on or before November 30th, 2023, as set out below:
i. For a TD Mutual Funds Tax-Free Savings Account: As an investment into the same series1 of the same mutual fund in the same proportion as the PPP set up in the New TFSA.
ii. For a TD Multi-Holding Tax-Free Savings Account: As a deposit into the cash portion of the TD Multi-Holding Tax-Free Savings Account.
5. Tax Implications
There may be tax implications associated with the Award. Clients should consult with their personal tax advisor for more information. For Registered Accounts, no tax receipt will be issued for the Award. Clients are solely responsible for ensuring that no contribution to their New RRSP or New TFSA exceeds their contribution limits under the applicable tax legislation.
6. Limitations and Exclusions
i. For a New RRSP, an individual is not eligible for the Award if they: (i) have a personal and/or spousal TD Mutual Funds Retirement Savings Plan, Daily Interest Savings Account (DISA) and/or personal TD Multi-Holding Retirement Savings Plan; (ii) open a New RRSP and/or DISA during the Campaign Offer Period in the same name; or (iii) had an existing personal and/or spousal TD Mutual Funds Retirement Savings Plan, DISA or personal TD Multi-Holding Retirement Savings Plan that was closed on or after March 15, 2023.
ii. For a New TFSA, an individual is not eligible for the Award if they: (i) have an existing TD Mutual Funds Tax-Free Savings Account, High Interest Savings Account (HISA) or TD Multi-Holding Tax-Free Savings Account; (ii) open a New TFSA and/or HISA during the Campaign Offer Period in the same name; or (iii) had an existing TD Mutual Funds Tax-Free Savings Account, HISA or TD Multi-Holding Tax-Free Savings Account that was closed on or after March 15th, 2023.
iii. The Offer under either a New RRSP or New TFSA is limited to one Award per individual. An individual is eligible to receive the Award under this Offer in either a New RRSP or New TFSA and cannot receive the Award for both. If an individual becomes eligible for this Award under both a New RRSP and a New TFSA, the Award will be paid into the New RRSP, as set out above.
iv. Employees and family members of TD Bank Group employees are eligible for this Offer.
v. For holders of a New RRSP, monies cannot be transferred-in from a TD Wealth RRSP² account or TD Canada Trust Retirement Savings Plan.
vi. For holders of a New TFSA, monies cannot be transferred-in from a TD Wealth TFSA² account or TD Canada Trust Tax-Free Savings Account.
vii. This Offer may be changed, extended or withdrawn at any time and without notice and cannot be used in conjunction with any other offer, other than as may be set out above.
7. Currency
All currency referenced above is in Canadian dollars.
8. Disclosures:
1. If the TD Mutual Fund(s) is no longer available for new purchases; the Award will be deposited into a Money Market Fund in the name of the customer.
2. Refers to the TD Waterhouse Self-Directed RRSP or the TD Waterhouse Tax-Free Savings Account..
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts and prospectus, which contain detailed investment information, before investing. Mutual funds are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer and are not guaranteed or insured. Their values change frequently. There can be no assurances that a money market fund will be able to maintain its net asset value per unit at a constant amount or that the full amount of your investment will be returned to you. Past performance may not be repeated.
TD Mutual Funds and the TD Managed Assets Program Portfolios are managed by TD Asset Management Inc., a wholly-owned subsidiary of The Toronto-Dominion Bank, and available through authorized dealers.
TD Bank Group means The Toronto-Dominion Bank and its affiliates, who provide deposit, investment, loan, securities, trust, insurance and other products or services.
Mutual Fund Representatives with TD Investment Services Inc. distribute mutual funds at TD Canada Trust.
® The TD logo and other trademarks are the property of The Toronto-Dominion Bank or its subsidiaries.
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