Invest automatically and save.

Pre-Authorized Contributions (PAC) make investing for long-term goals easy and affordable.

Pre-Authorization Contributions (PACs) are an easy and convenient way to start building up savings for retirement. They are contributions toward reaching your retirement goals quickly and easily that you can control in terms of both frequency and dollar amount. That means you can choose how much money you’re saving, and how often, as well as which accounts or investments you’re using to save.


Once you’ve set your preferences, you’ll be saving money without even thinking about it.

How setting up a PAC benefits your investments:

  • Eliminate the guesswork of when to invest.
  • Avoid RRSP deadline scramble.
  • Compound growth potential.
  • Get started with as little as $25 per month.

Find out how quickly
your savings can add up

Use our dynamic video to see just how much more you can save by investing regularly with a pre-authorized contribution plan, or PAC.

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Investing on a regular basis can help you reach retirement faster and easier. If you invest just once a month, you’ll have after ten years, after twenty years, and after thirty years. Look what happens if you invest the same monthly amount in instalments every two weeks, using a pre-authorized contribution plan. You’ll have after ten years, after twenty years, and after thirty years. It’s a small change that can really add up. Don’t simply set your PAC and forget it. Look at the difference regular increases to your monthly contributions can make to your nest egg. If you increase your deposits by 10% every three years, you’ll have after ten years, after twenty years, and after thirty years. And if you invested every two weeks instead of once a month, you’d have after ten years, after twenty years, and after thirty years. That would amount to more when you retire. When you invest regularly with a pre-authorized contribution plan, you can see a big difference in your savings – not your budget. Talk to a Scotiabank Financial Advisor and get on the fast track to reaching your goals.

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