SPECIAL OFFER

Earn up to $3,750 with a new eligible registered account*

How to earn up to $3,750

Step 1

Open one or more new eligible Scotia registered accounts*
by March 2, 2026

Step 2

Contribute a Qualifying Investment Amount into one or more new eligible Scotia registered accounts. Maintain it for a minimum of three (3) consecutive months.*

Step 3

Set up and clear a recurring pre-authorized contribution of at least $100 a month to a new eligible Scotia registered account. Maintain it for a minimum total of three (3) consecutive months.*

You can earn one of the following cash bonuses*

Cash Bonus (in CAD) Qualifying Investment
Amount (in CAD)
$150 $10,000 - $19,999
$300 $20,000 - $49,999
$750 $50,000 - $99,999
$1,500 $100,000 - $249,999
$3,750 $250,000 and above

STEP 1 OF 3

Open one or more new eligible Scotia registered accounts

Between November 1, 2025 to March 2, 2026

Eligible Scotia registered accounts include:

  • Tax-Free Savings Account (TFSA)
  • Registered Retirement Savings Plan (RRSP)
    (excluding locked-in plans; such as LIRAs and LRSPs)
  • First Home Savings Account (FHSA)

First Home Savings Accounts (FHSA) can only be opened in branch. Book an appointment to set one up with one of our Scotia advisors.

Tax-Free Savings Account (TFSA)

Grow your savings
tax-free1

Withdraw your money 
whenever you need to2

Save for multiple goals 
in one account
Learn more >

Registered Retirement Savings Plan (RRSP)

Contribute to your retirement savings 
on a tax deferred basis

Reduce your taxable income 
while your investments grow tax-free

Transfer your funds 
to programs that help you buy your first home or pay for your education
Learn more >

First Home Savings Account (FHSA)

Save up to $40,000 
towards your first home3

Grow your savings
tax-free4

Reduce your taxable income 
while your investments grow
Learn more >

STEP 2 OF 3

Contribute a qualifying investment amount

Complete this step by March 2, 2026

  • Contribute a Qualifying Investment Amount into one or more of your new eligible Scotia registered accounts.
  • A Qualifying Investment Amount ranges from a minimum of $10,000 to a maximum of $250,000.
    (See full terms for how the Qualifying Investment Amount is calculated)
  • Maintain that Qualifying Investment Amount for a minimum of three (3) consecutive months.

STEP 3 OF 3

Set up and clear an eligible pre-authorized contribution

Complete this step by March 2, 2026. 

Whether you open one or more eligible Scotia registered accounts, you can only set up and clear a pre-authorized contribution to one of your new eligible Scotia registered accounts.

The contribution must:

  • Be for a total of at least $100 each month.
  • Recur for at least three (3) consecutive months
    (at least one recurring PAC must be recieved by March 2, 2026)

Tools and calculators

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Frequently asked questions

Get smarter with your money. Get Advice+

How you could use the new Tax-Free First Home Savings Account (FHSA)

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Not sure about selecting an RRSP or a TFSA? We dive into what you need to know about how they work.

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*

The Scotiabank Investment Tiered Offer (the “Offer”) is available between November 1, 2025 and March 2, 2026 (the “Offer Period”) to individuals who open one or more new Eligible Registered Account(s) (defined below) with either The Bank of Nova Scotia or Scotia Securities Inc. and complete certain qualifying transactions.

For the purposes of this Offer, the following “Eligible Registered Accounts” are eligible for the Offer: Scotia Registered Retirement Savings Plans (excluding Locked-in plans such as LIRAs and LRSPs) (each an “Eligible RRSP”), Tax-Free Savings Accounts (each an “Eligible TFSA”), and First Home Savings Accounts (each an “Eligible FHSA”). Scotia RRIFs, RESPs, RDSPs, and non-registered Scotia Investment Accounts are not eligible for the Offer.  In order to qualify for a Cash Bonus (defined below), the individual cannot currently or in the 6 months preceding the Offer Period have held the same Eligible Registered Account type with either The Bank of Nova Scotia or Scotia Securities Inc. (together, “Scotiabank”) as the Eligible Registered Account they opened during the Offer Period.

 

To qualify for a cash bonus (the “Cash Bonus”):

1.      Open one or more new Eligible Registered Account(s) during the Offer Period.

2.      By March 2, 2026, contribute a Qualifying Investment Amount (as set out in the table below) into one or more of your new Eligible Registered Account(s) and maintain that Qualifying Investment Amount for a minimum of three (3) consecutive months to qualify for the following applicable Cash Bonuses:

 

Cash Bonus (in CAD)

Qualifying Investment Amount (in CAD)

$150

$10,000 - $19,999

$300

$20,000 - $49,999

$750

$50,000 - $99,999

$1,500

$100,000 - $249,999

$3,750

$250,000 and above

 

3.      By March 2, 2026, set up one recurring pre-authorized contribution (PAC) from any personal bank account with a minimum total monthly value of at least $100 into any of your new Eligible Registered Accounts. The PAC must recur for a minimum total of three (3) consecutive months and at least one recurring PAC must be received during the Offer Period to qualify.

 

Calculation of Cash Bonus:

The qualifying Cash Bonus will be determined by the Qualifying Investment Amount, which is calculated based on the book value of all contributions made to the client’s Eligible Registered Account(s) combined during the Offer Period. For clients making contributions in non-Canadian dollar currencies, the Qualifying Investment Amount will be calculated based on the Canadian dollar equivalent at the Scotiabank foreign currency exchange rate in effect on the contribution date.

 

For example, a client who deposits CAD$5,000 into a new FHSA and CAD$15,000 into a new TFSA during the Offer Period, will qualify for a Cash Bonus of CAD$300 based on the combined contribution amount of CAD $20,000.

 

The Cash Bonus will be paid in Canadian dollars.

 

General Terms:

Clients are responsible to confirm their contribution limits prior to making any contribution to their Eligible Registered Account(s).  Scotiabank is not responsible for any contributions over a client's limit in connection with this Offer. The Cash Bonus is not considered a contribution and therefore will not impact contribution limits.  Clients should consult with a tax advisor to discuss any tax implications in connection with this Offer and clients are responsible for any required tax reporting.

 

Provided all Offer conditions have been met, the Cash Bonus will be paid to your Eligible Registered Account(s) within approximately three (3) months from May 31, 2026. For the Cash Bonus to be paid, the client’s new Eligible Registered Account(s) must be open and in good standing until the time of payout of the Cash Bonus. For purposes of this Offer, an Eligible Registered Account is not in 'good standing' if the account holder is in breach of the Eligible Registered Account’s client account agreement.

 

If multiple Eligible Registered Accounts are opened, the Cash Bonus will be paid into the Eligible Registered Accounts on a pro rata basis as a percentage of the total Qualifying Investment Amount. For example, if you invest $15,000 into an Eligible TFSA and $10,000 into an Eligible FHSA, you will qualify for a Cash Bonus of CAD$300, which will be paid as follows: CAD$180 (60%) in the Eligible TFSA and CAD$120 (40%) in the Eligible FHSA.

 

If multiple Eligible Registered Accounts of the same type are opened, the Cash Bonus (or the pro rata portion of the Cash Bonus, if applicable) will be paid to the first Eligible Registered Account of the same type that is opened during the Offer Period. For a spousal RRSP, the Cash Bonus will be paid into that plan and not paid to the contributor.

 

This Offer is non-transferable, non-saleable, may not be exchanged for cash and may not be duplicated. Limit of one (1) Cash Bonus per client, regardless of the number of Eligible Registered Accounts opened. Offer may be changed, cancelled or extended at any time and cannot be combined with any other offers except as otherwise specified. 

 

Earn up to $3,750 with a new eligible registered account 

Min deposit required. Conditions apply.*

 

 Earn a cash bonus with at least one eligible registered account. Bonus up to $3,750

Min deposit required. Conditions apply.*

1
The amount you withdraw can be put back into your TFSA starting the following year without impacting your contribution room. Specific product restrictions may also apply. Annual contribution limits: $5,000 for 2009-2012; $5,500 for 2013-2014; $10,000 for 2015; $5,500 for 2016-2018; $6,000 for 2019 – 2022, $6,500 for 2023 and $7,000 for 2024-2025. For complete information on your contribution room, please visit the Canada Revenue Agency website. 
2
If you over-contribute to your TFSA, then the excess amount will be taxed at 1% for every month it’s in your TFSA.
3
If you remove funds from the FHSA for any reason other than for a qualifying home purchase, you will have to pay taxes. You will be considered to be a first time home buyer if you did not, at any time in the current calendar year before the account is opened or at any time in the preceding four calendar years live in a qualifying home as your principal residence that either you or your spouse or common law partner owned or jointly owned.
4
If you over-contribute to your FHSA, then the excess amount will be taxed at 1% for every month it’s in your FHSA.
®
Registered trademarks of The Bank of Nova Scotia, used under license.
†
Full terms and conditions can be found here: https://www.scotiabank.com/ca/en/personal/investing/direct-investing.html
™
Trademark of Scene IP LP, used under license.