Registered Retirement Savings Plans (RRSP)

The Scotiabank Savings Accelerator Account may be opened within the following registered investment accounts - TFSA, RRSP, RESP, RRIF and RDSP.

Winter Investment Campaign Offer Terms and Conditions

The Scotiabank Registered Account Welcome Offer (the “Offer”) is available between November 1, 2023 and February 29, 2024 (the “Offer Period”) to individuals who open an eligible Scotia Registered Retirement Savings Plan or Tax-Free Savings Account during the Offer Period (each an “Eligible Registered Account”) and complete certain qualifying activities.

For the purposes of this Offer, the following Scotia Registered Accounts are eligible for the Offer: Scotia Registered Retirement Savings Plans (RRSPs, excluding Locked-In Plans such as LIRAs and LRSPs) (each an “Eligible RRSP”) and Scotia Tax-Free Savings Accounts (each an “Eligible TFSA”). Scotia RRIFs, FHSAs, 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 have held the same type of Eligible Registered Account (as that opened during the Offer Period) with either The Bank of Nova Scotia or Scotia Securities Inc. (together, “Scotiabank”) in the 6 months preceding 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 February 29, 2024, contribute or transfer-in a Minimum Qualifying Investment Amount (as defined below) into your new Eligible Registered Account(s) and maintain that Minimum Qualifying Investment Amount until May 31, 2024 to qualify for either of the following Cash Bonuses:

*For purposes of calculating the Minimum Qualifying Investment Amount, the book value of the contributions and/or transfers-in will be used to determine eligibility.

3. By February 29, 2024 set up a recurring pre-authorized contribution (PAC) from any Scotiabank personal bank account of at least $50 total per month in any of your Eligible Registered Account(s), which must have recurred for a minimum of 3 consecutive months by May 31, 2024.

General Terms:

Customers are responsible to confirm their contribution limits noted on their most current Notice of Assessment issued by the Canada Revenue Agency prior to making any contribution to their Eligible Registered Account(s).  Scotiabank is not responsible for any contribution over a customer’s limit in connection with this Offer.  The Cash Bonus is not considered a contribution and therefore will not impact contribution limits.

As applicable, the Cash Bonus will be paid into your new Eligible Registered Account on or around July 31, 2024 provided all Offer conditions outlined above have been satisfied.  Your Eligible Registered Account(s) must be open and in good standing at the time of the Cash Bonus payout. 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 agreements.  If more than one Eligible Registered Account is opened and each qualifies for the Offer, the Cash Bonus will be paid into only one of the Eligible Registered Account(s) in the following order: (1) Eligible RRSP, then (2) Eligible TFSA.  In the case where multiple Eligible Registered Accounts of the same type are opened (e.g., where multiple Eligible RRSPs are opened), the Cash Bonus will be paid into only one of the new Eligible Registered Accounts.  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 customer, 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 permitted.