Pre-authorized contributions

Save automatically and watch your money grow

Is it right for me?

It’s perfect if you want an effortless way to save money.

Tell me about it

It’s easy. Just choose the amount you want to save and how often you want to save it. That amount will be automatically deducted from your chequing account and deposited in your savings account, RRSP or RESP.

You’ll save money on a regular basis without even thinking about it. It’s the easiest way to save.

Skip the last-minute RRSP scramble 

Use pre-authorized contributions and save automatically for your RRSP all year round. You’ll avoid the stress of the RRSP deadline and help maximize your contribution.

Pay less tax 

Just let Canadian Revenue Agency know that you’re making regular contributions to your RRSP. They’ll tell your employer to take less tax from your paycheque. To get that started, pick up a Tax Deduction Waiver form from Scotiabank or from your local tax office.

You might also be interested in:

Bank-to-Bank Transfer
Transfer funds for free into your Scotiabank account. You’ll consolidate your savings and make it easier to manage your money.

More Details

Interac e-Transfer
When you’re looking for a quick and secure way to send money to a Canadian bank account, Interac e-Transfer is your answer.

More Details

Where do I start?

Phone

Customer Service 

1-800-472-6842
In Branch

Find a Scotiabank branch

Find a Local Branch