Registered Contract Disclosure

Dollar Limit Minimums:

RRSP/RRIF/FHSA/RESP

Variable No minimum balance required

Fixed Rate Term Minimum deposit of $1000

RDSP

Variable $25

Fixed Rate Term Minimum deposit of $1000

TFSA

TFSA Savings: No minimum balance required

Fixed Rate Term Minimum deposit of:

$500 for students aged 18-25

$1,000 for all others

Market Linked

Product Type Available as TFSA, RSP or RIF

Term Minimum deposit of $1000

Fees:

  • Registered Transfer Out Fee - $100 per disbursement
  • TFSA Savings - Total of one free debit per month – additional debit transactions are $5.00 each
  • Pre-approved redemption of non-redeemable term prior to maturity - $100 Early Redemption Fee plus 50% of the interest that would have been earned over the life of the term.

Interest:

  • Interest is paid in accordance with the length of term and applicable rate.
  • Variable interest is accrued daily and paid monthly based on the rate per annum
  • Non-Redeemable Term - Interest is compounded & paid annually on the anniversary date for fixed rate terms. Interest rates are expressed as an annual percentage & are guaranteed for the term of the deposit. Terms one year or longer, for interest calculation, a year is based on 365 days.
Market Linked

Investment Options - review current options as outlined in the Market Link terms and conditions

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