Pre-Authorized Contributions (PAC)

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What is a Pre-Authorized Contribution (PAC)

Pre-Authorized Contributions (PACs) will allow you to decide the amount you'd wish to periodically contribute to your TFSA, RRSP, and RESP plans. You will also be able to decide when these contributions should be made (weekly, biweekly, or monthly).

How it works

Choose the amount you want to regularly contribute — even putting $25 away each month can help you reach your financial goals.

Select the date and frequency you wish to have money deposited into your investment account from a Scotia savings or chequing account.

Select the investment account you want to open — if an RRSP isn’t the right account for you, you can also set up pre-authorized contributions online for your TFSA. For an RESP, FHSA, and a non-registered investment account, you will need to set one up through an advisor.1

Tip

Contributions into an RRSP are tax-deductible, meaning the money you put into your RRSP is taken away from your taxable annual income amount, reducing the tax you owe on your current income.2

Reminder

The deadline to contribute to your RRSP is March 1, 2027 to have your contribution amount deducted from your 2026 taxable income.2

Steps to set up a Pre-Authorized Contribution on your own

Step 1

Log into your Scotiabank online banking account.

Step 2

Scroll down and select your investment account.

Step 3

From your list of product holdings, select the three-dot action menu next to your preferred product, and choose Set up PAC.


Start your PAC today

Online investing
 

Already have a Scotiabank investment account? Log in to set up your Pre-Authorized Contribution (PAC) in just a few steps.

scotiabank branch

Online appointment booking

Set up your Pre-Authorized Contribution (PAC) with an Advisor.

Guided investing with Scotia Smart Investor

Don’t have an investment account yet? If you’re a Scotiabank client, you can open one online, set your goals, and get personalized investment recommendations through Scotia Smart Investor. You can also set up pre‑authorized contributions (PACs).

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1
For more information on annual contribution limits, please visit the Canada Revenue Agency Website. Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed or insured by the Canada Deposit Insurance Corporation or any other government deposit insurer, their values change frequently, and past performance may not be repeated.
2
The information provided is not intended to be investment or tax advice. Investors should consult their own professional advisor for specific investment and/or tax advice tailored to their needs when planning to implement an investment strategy to ensure that individual circumstances are considered properly, and action is taken based on the latest available information.