TD Direct Investing 2024 Summer Offer (the “Offer”)
New TD Direct Investing clients can earn 1% cash back on cumulative eligible transfers and up to 100 core-commission rebated trades for a Cash back and Trade Award (the "Award"). This "Offer" is available starting June 4, 2024 and ends on October 31, 2024 ("Qualifying Period").
Eligibility: Only new clients are eligible for the Offer. New clients are clients who do not hold a TD Direct Investing account or TD Easy Trade™ account as of June 4, 2024.
New eligible "Account(s)" for the Offer:
- Cash (single or joint account holder)
- Margin (single or joint account holder)
- Tax-Free Savings Account (single account holder) (TFSA)
- Registered Retirement Savings Plan (single account holder) (RRSP)1
- For Joint Account(s), both clients must be New to Direct Investing.
Account(s) not eligible for the Offer:
- Locked-in registered
- Registered Education Savings Plans (RESPs)2
- Retirement Income Funds (RIFs)2
- Registered Disability Savings Plan (RDSP) 2
- Corporate
To be eligible for the Offer, a client must:
- Be a new TD Direct Investing client, with Account(s) in good standing at the time of participating in the Offer.
- Be the age of majority in their province or territory by October 31, 2024.
- Be a legal resident of Canada.
- Meet the requirements below.
How to Qualify for the Offer:
1. Open a new Account(s) using the promo code ACCELERATE or ACCELERER by October 31, 2024.
- If an account is opened in branch or over the phone, clients must request that a TD Representative register the client for the Offer using the promo code.
2. Transfer $10,000 or more in investable assets or cash from another Canadian financial institution(s) or TD Canada Trust account ("Qualifying Assets") to the new eligible Account(s) within 2 months of your Account(s) being opened ("Funding Deadline"):
- Transfers originating from TD Direct Investing, TD Easy Trade, TD Wealth Financial Planning, TD Wealth Financial Planning Direct, TD Wealth Private Investment Advice, TD Wealth Private Trust and TD Wealth Private Investment Counsel accounts are not included in the Qualifying Assets.
3. To receive the rebated trades, place up to 100 core commissionable trades in your new eligible Account(s) within 12 months of the Account(s) being opened.
- Rebates will only apply to trades placed during this period.
- Trade commissions will be rebated in the Account(s) they were placed within 10 business days of the end of the month in which the trades were placed.
- Trades will only be rebated if the Account(s) balance on the last day of the month is $10,000+.· Commission rebates will be applied to Canadian and U.S. equity, exchange traded fund, and/or option trades which incur a commission charge.
- Commission rebates will be applied to Canadian and U.S. equity, exchange traded fund, and/or option trades which incur a commission charge.
4. Each client must maintain the Qualifying Assets in their new eligible Account(s) for 6 months ("Holding Period") after their individual Funding Deadline.
- Qualifying Assets withdrawn, deregistered, or transferred out from an Account(s) before the Holding Period ends, will be subtracted from the value of Qualifying Assets.
- If the Qualifying Assets fall below $10,000 at the end of the Holding Period, no Award will be granted to the client.
- Assets transferred into the Account(s) after the Holding Period, will not be part of the Qualifying Assets
Cash back Award Details:
- Clients are eligible to receive 1% cash back on the cumulative Qualifying Assets when they qualify for the Offer.
- The book value of investable assets will be used to determine the Cash back Award.
- The Cash back Award will be calculated on the net deposit volume in the Account at the end of the Holding Period.
- The maximum Award a client can receive is $10,000.
Terms of Cash back Award Payment:
The Award will be paid in Canadian dollars to eligible Account(s) one month after the Holding Period for the Qualifying Assets ends.
2024 Summer Offer Key Dates
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Offer Timeline
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June 4, 2024 – October 31, 2024
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Funding Deadline
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2 Months after the first eligible new Account(s) is opened
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Holding Period of Qualifying Assets
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6 Months after the last day of each eligible client's Funding Deadline [total period of 8 months after the first eligible new Account(s) is opened].
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Cash back Payout on Qualifying Assets
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1 Month after the Holding Period ends, on the last day of the month.
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Clients requiring assistance to register or otherwise apply for this Offer should contact an Investment Representative at 1-800-465-5463 or ask for assistance at their TD Canada Trust branch.
Example Scenario: Cash back Award Payout
Account Open Date
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Funding Date
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Funding Activity
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Deadline to Fund
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Holding Period Ends
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Cash back Payout Date
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Cash back Amount
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05-Jul-24
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10-Jul-24
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$10,000
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05-Sept-24
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05-Mar-25
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30-Apr-25
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$120
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10-Aug-24
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$5,000
|
|
|
|
|
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01-Sep-24
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($3,000)
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|
|
|
|
|
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$12,000
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|
|
|
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Example Scenario: Trade Rebate Payout
Account Open Date
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Month of Trades Placed
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Account Balance
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Trades Placed
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Trade Rebate
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Date of Rebate
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05-Jul-24
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July 2024
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$10,000
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10 Trades
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Yes
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Mid-August
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Dec 2024
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$5,000
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5 Trades
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No
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N/A
|
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March 2025
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$12,000
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10 Trades
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Yes
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Mid-April
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Note: The client has until 05-Jul-2025 to receive trade commission rebates. The client does not receive a trade commission rebate in Dec 2024, because the account balance falls below the minimum threshold of $10,000 for the Offer.
Further Terms and Conditions:
- To receive the Award, a client must keep the Account in good standing until the Award payout date. This requires the Account to not go into a debit position or into a margin call. Debit positions on margin accounts are acceptable.
- Employees of TD Bank Group are eligible for the Offer.
- This Offer may be changed, extended, or withdrawn at any time without notice.
- The Offer cannot be used in conjunction with any other TD Direct Investing offer.
- The Offer is not transferrable.
- Investable assets exclude any securities that are restricted, subject to a cease trade order or that are non-listed and without independent evidence of current value acceptable to TD Direct Investing
- Where a client opens multiple Accounts, the Qualifying Assets will be calculated by combining the value of the assets transferred into the Accounts.
- An Account that is a joint account refers to the cash or margin account that has more than one owner. The Award is paid in full into the joint account and does not get allocated to each joint account owner. TD Direct Investing is not responsible for how the payout is distributed amongst joint account owners once the award is paid out.
- For members of the same household who open Accounts that include one or more joint accounts, a single Award will be (a) calculated based on the total of Qualifying Assets deposited into the Accounts and (b) paid into the Accounts in proportion to the value of the Qualifying Assets deposited into each of the Accounts.
- Qualifying Assets will be measured according to the combined value of Canadian and U.S. denominated assets deposited in that currency component of an Account(s). U.S. dollar balances will be converted into Canadian dollars to determine eligibility.
- For options trades, the flat trade commission will be rebated, but the commission per contract will still apply.
- Fixed income, mutual funds, trades placed on markets which are not in the U.S. or Canada, and new issues are excluded from this Offer.
- There may be tax implications associated with the cash award. Clients may wish to consult with their personal tax advisor for more information. For registered plans, the cash award is paid directly to the plan and is not considered a contribution.
- Interest, dividends, standard market fluctuations, and account fees will be excluded from calculations used to qualify accounts.