Registered Retirement Income Funds (RRIF)

If the Dealer of your Scotia RRIF is The Bank of Nova Scotia, funds in the cash portion of your account are eligible to be insured by the Canada Deposit Insurance Corporation. If the Dealer of your Scotia RRIF is Scotia Securities Inc.(SSI), funds in the cash portion of your account are held in trust by SSI. SSI accounts, except accounts held by residents of Quebec, are eligible for protection by the Mutual Fund Dealers Association of Canada Investor Protection Corporation. The cash in an SSI account is not eligible for deposit insurance offered through the Canada Deposit Insurance Corporation.

The government requires that everyone with an RRSP, including Locked-in Retirement Savings Plans (LRSPs) and Locked-in Retirement Accounts (LIRAs), convert to one or more retirement income sources by December 31 of the year they turn 71.

GIC Investment Campaign Offer T&Cs

The Scotiabank GIC Bonus Scene+ Points Offer (the “Offer”) is available to individuals who purchase a Canadian Dollar Non-Redeemable GIC with a term of at least 2 years (“Eligible GIC”) between December 1, 2022, and March 31, 2023 (the “Offer Period”) and meet all other Offer conditions.

All other Scotiabank GICs, including non-redeemable GICs with terms less than 2 years, Market Linked GICs, Personal Redeemable GICs, Cashable GICs, and Guaranteed Income Optimizers are not eligible for the Offer. Eligible GICs can be purchased within either non-registered account or registered plans such as RRSP, TFSA, etc.

To qualify for a Scene+ point bonus (the “Points Bonus”):

1. Purchase a new or renew an existing investment into an Eligible GIC during the Offer Period.
2. The sum of Eligible GIC principal amounts purchased during the Offer Period must be equal to or greater than $5,000.
3. By or on May 1, 2023, hold a Scotiabank debit or credit card that earns Scene+ Rewards (click here for eligible products) in good standing. 

The Points Bonus you qualify for (Tier 1-4) will depend on the sum of Eligible GIC principal amounts purchased during the Offer Period under step 2 above, as follows:

	Tier 1	Tier 2	Tier 3	Tier 4
Sum of Eligible GIC Principal Amounts	$5,000 - $49,999	$50,000 – $249,999	$250,000 - $999,999	≥$1,000,000
Points Bonus	1,500	3,000	9,000	15,000

 

The Points Bonus will be credited to the Scene+ membership account connected to your Scotiabank debit or credit card by July 31, 2023, provided all Offer conditions outlined above have been satisfied.  Your Eligible GIC(s) must be open at the time of the Points Bonus payout. If more than one (1) Eligible GIC is purchased and each qualifies for the Offer, the Points Bonus will be credited based on the sum of the Eligible GIC principal amounts purchased during the Offer Period. If the Eligible GIC(s) is purchased in a joint investment plan, only the primary joint account holder will be eligible to receive the Points Bonus. If an eligible customer has multiple Scene+ membership accounts, only one account will be credited. All other terms and conditions of the Eligible GIC(s) purchased/renewed continue to apply, including any minimum amounts.

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

SCENE LP in its sole discretion, reserves the right to revoke any Scene+ points issued in connection with this Offer and/or cancel Scene+ membership accounts, if SCENE LP feels the Scene+ points were issued or used fraudulently or not in accordance with these Terms and Conditions. Any discrepancies with Scene+ points must be addressed with the SCENE Help Centre at support@sceneplus.ca.

™ Scene+ and the Icon Design are trademarks of Scene Plus IP Corporation, used under license.