Pre-Authorized Contributions (PACs) are a convenient way to help keep you on track to meet your investing goals.

You choose the amount you want to contribute and how often – for example, weekly, biweekly or monthly. You can adjust the amount and frequency at any point in time. 


Try out our interactive PAC video to find out how quickly your savings can add up

PAC Benefits

  • Helps you stick to your plan. When it comes to saving, it’s sometimes easy to get sidetracked. A PAC allows you to make saving priority number one by ensuring you automatically make contributions.
  • Minimizes scrambling to meet Registered Retirement Savings Plan (RRSP) deadline. With a PAC you’ll save automatically for your RRSP – all year round – and avoid the stress of meeting the RRSP deadline and making a yearly lump-sum contribution.
  • Eliminates the guesswork of when to invest. Research has shown that investing on a regular basis is much more effective than trying to “time the markets”– especially during periods of volatility.
  • Works with almost any budget. With a PAC, you determine what you can afford to save. Get started with as little as $25 per month.
  • Takes advantage of potential compound growth. Saving over a longer period of time allows your money more time to grow and to benefit from compound growth.

Investing on a regular basis through PACs is a great way to build your savings easily and automatically.

Speak with a Scotiabank advisor to set up a PAC that meets your needs.


Check out more tips and tools to help you get your finances on track for your future