PRE-AUTHORIZED CONTRIBUTION (PAC)
1. The Offer
Open a new Qtrade Direct Investing registered account and start pre-authorized contributions by March 31, 2022, and you may be eligible to receive a CAD$50 cash bonus as set out below (the “Offer”). This Offer is only available to new accounts for both new and existing clients who set up pre-authorized contributions of at least $200 monthly, $100 bi-weekly, or $50 weekly when opening a Qualifying Account.
2. This Offer is subject to the following Terms and Conditions:
This Offer commences on Wednesday, November 24, 2021, at 12:00 am ET and concludes on Tuesday March 1, 2022, at 11:59 pm ET. A qualifying account must be opened by March 1, 2022, and a PAC must be started, and first initial deposit made, by March 31, 2022. (Note that a PAC and an EFT cannot be set up on the same day).
Qualifying Account Criteria
The account application form associated with the Qualifying Account must have OFFER50 or BONUS50 or PAC50 (the “Offer Code”) applied to it and must be submitted during the Offer Period.
Qualifying Accounts must be a RESP, RRSP, U.S. RRSP, Spousal RRSP, U.S. Spousal RRSP, or TFSA Account.
Clients must also have or open a non-registered cash account to be eligible to receive the cash bonus. The cash bonus will be paid into the non-registered account.
Delivery Against Payment (DAP) accounts are ineligible for this Offer.
New accounts must meet Qtrade Direct Investing’s account opening requirements and related documentation requirements and be approved by Qtrade Direct Investing, at its sole and absolute discretion.
The Offer is only applicable to a maximum of one (1) eligible account per client. In the event that a client opens multiple eligible accounts, the Offer will only be applied to the first eligible account approved by Qtrade Direct Investing.
Qualifying Accounts must be in good standing throughout the Offer Period and remain in good standing until October 31, 2022.
Your Qualifying Account must not have encountered a debit position during the Offer period.
Qualifying Transfer Criteria
Pre-authorized contribution (PAC) must be set up with a minimum PAC amount of $200 per month, $100 bi-weekly or $50 weekly. The minimum PAC amounts specified in this Offer can be made in CAD or USD (currency conversion will not be applied; i.e., a minimum PAC amount of CAD $200 or USD $200 per month is required). The $50 cash bonus paid in accordance with this Offer is CAD only. The PAC must be set up by March 31, 2022, to qualify.
PAC set up must remain in your Qualifying Account until 11:59 pm ET on September 30, 2022. Any changes to the PAC that do not qualify above, withdrawals or transfers out prior to this date will decrease the eligible assets that qualify for the Offer.
Qualifying Transfer funds may originate from an investment or banking account at any Canadian financial institution or broker, excluding Aviso Wealth Inc. or any of its subsidiaries.
The Offer is only available to new Qtrade Direct Investing registered accounts with pre-authorized contributions for both new and existing Qtrade Direct Investing clients.
You must apply the Offer Code on the new account application form.
The Qualifying Account must be opened during the Offer Period.
This Offer is non-transferable and will not be valid in conjunction with any other offer or promotion from Qtrade Direct Investing.
This Offer can only be used once per client.
The cash bonus will be delivered to the primary Qualifying Account holder in a non-registered single or joint cash account on record with Qtrade Direct Investing, on or about October 31, 2022.
Clients who qualify for this Offer will not be eligible for any other offers or promotions from Qtrade Direct Investing until October 31, 2022.
You are solely responsible for any tax consequences arising from or in connection with this Offer and / or the transfer of any assets into the Qualifying Account.
All dollar amounts mentioned in relation to this Offer are in Canadian dollars unless otherwise specified.
The amount of any transfer-in fee charged by another Canadian broker or financial institution will be credited to your account in the currency (either CAD or USD) in which your transfer was made (up to a maximum of CAD/USD $150 per client when you transfer $15,000 or more), subject to Qtrade’s receipt of the documentation evidencing such transfer-in fee. This is part of the OFFER50 or BONUS50 or PAC50 offer for new clients and does not constitute a combining of offers from Qtrade Direct Investing.
Qtrade Direct Investing reserves the right, at its sole and absolute discretion, to modify, suspend, disqualify, limit or revoke this offer to any person or account holder for any reason, including but not limited to manipulation or abuse of the process, fairness, integrity or operation of the Offer.
You may opt out of the Offer at any time by notifying us at 1.877.787.2330 or firstname.lastname@example.org, in which case the cash bonus pursuant to the Offer will be cancelled or reversed.
Online brokerage services are offered through Qtrade Direct Investing, a division of Credential Qtrade Securities Inc. Qtrade is a registered trademark owned by Aviso Wealth Inc.