TD Wealth Financial Planning 2024 Winter Offer
TD Wealth Financial Planning (including TD Wealth Financial Planning Direct) is offering a single award to any qualifying new or existing TD Wealth Financial Planning client, who is a Canadian resident of age of majority in their province or territory by March 1st, 2024. The award is comprised of two components – the Initial Transfer Award and an Ongoing Transfer Award. This offer begins on November 1st, 2023 and ends on March 1st, 2024.
Initial Transfer Award Details:
To qualify for the Initial Transfer Award, a client must:
1. Transfer in $150,000 (CDN) or more in investable assets from another Canadian financial institution(s) or TD Canada Trust account, to their TD Wealth Financial Planning account(s) ("Qualifying Assets") by March 1st, 2024, noting:
a. The Qualifying Assets must be in the TD Wealth Financial Planning account(s) by no later than March 1st, 2024.
b. Transfers originating from existing TD Wealth Financial Planning, TD Direct Investing, TD Easy Trade™, TD Wealth Private Investment Advice, TD Wealth Private Trust and TD Wealth Private Investment Counsel accounts are not included in the Qualifying Assets.
c. Qualifying Assets must be transferred to a new or existing personal or spousal Registered Savings Plan (RSP), or personal or spousal Retirement Income Fund (RIF), Registered Education Savings Plan (RESP), or Tax-Free Savings Account (TFSA) ("registered")1 , or non-registered account types only (together, each a "Qualifying Account"). Investable assets exclude any securities that are restricted, subject to a cease trade order or that are non-listed and without independent evidence of current value acceptable to TD Wealth Financial Planning.
d. Qualifying Assets will be measured according to the combined value of Canadian and U.S. denominated assets deposited in that account type. U.S. dollar balances will be converted into Canadian dollars to determine eligibility; and
e. Where a client transfers assets into multiple TD Wealth Financial Planning accounts, the Qualifying Assets will be calculated by combining the value of the assets transferred into those account(s) on the date the assets are deposited.
2. Withdrawals, de-registration or transfers of assets made from any qualifying TD Wealth Financial Planning account between November 1st, 2023, and May 1st, 2024 (the "Qualification Period") will be subtracted from the value of the Qualifying Assets. If such withdrawals, de-registrations, or transfers during the Qualification Period reduce the amount of the client's Qualifying Assets, the client may receive a lower award or no award based on the Initial Transfer Award description below. If the client makes contributions after March 1st, 2024, withdrawals equal or less than the amount of those contributions will not affect the value of the Qualifying Assets.
The Initial Transfer Award portion of the award for Qualifying Assets of:
- $150,000 to $299,999 is $300
- $300,000 to $499,999 is $500; or
- $500,000 or more is $800
Ongoing Transfer Award Details:
Clients are eligible to receive $200 for the Ongoing Transfer Award if they:
1. Qualify for the Initial Transfer Award portion of the award.
2. Set up or increase at least one Monthly Contribution Plan ("MCP") or Pre-Authorized Deposit ("PAD")2 for transfer into at least one TD Wealth Financial Planning account noting:
a. The minimum set up amount for a new MCP or PAD must be $25 (CDN) for MCP and $25 (CDN) for PAD; and/or
b. Existing MCPs or PADs in Qualifying Accounts can be increased by any amount.
3. Complete the first transaction under the new MCP or PAD instructions by March 1st, 2024.
Further Terms and Conditions:
- To receive a cash award, a participant must keep their account(s) in good standing with TD Wealth Financial Planning. Good standing requires that their account(s) must not go into a debit position.
- Transfers made and/or an MCP/PAD set up by a joint account holder will be attributed to the account holder who has the joint account's tax slip issued in their name.
- Non-personal, professional and locked-in registered accounts do not qualify for this offer.
- Employees of TD Bank Group are eligible for this offer.
- This offer may be changed, extended, or withdrawn at any time without notice.
- This offer cannot be combined with any other TD Wealth Financial Planning offer. If you do not wish to participate in this offer, please notify your TD Wealth Financial Planner.
- TD Wealth Financial Planning will reimburse transfer fees incurred to move funds from another financial institution to a TD Wealth Financial Planning account.
- This offer is not transferrable.
- Cancellation of MCPs and PADs require 3 months' notice.
- There may be tax implications associated with the cash award. Clients should consult with their personal tax advisor for more information. For registered plans, the cash award is paid directly to the plan and is not considered a contribution.
- The maximum award per client for the Initial Transfer Award and Ongoing Transfer Award is $1000 (CDN)
- Interest, dividends, and account fees will be excluded from calculations used to qualify accounts.
Terms of Award Payment:
TD Wealth Financial Planning will pay the cash award(s) in Canadian dollars to client account(s) by June 30th, 2024.
Where the client's Qualifying Assets are transferred to a single account, the Initial Transfer Award portion of the award will be deposited into that account. Where the client's Qualifying Assets are transferred to multiple accounts, the Initial Transfer Award Portion of the award will be divided and deposited to each account in proportion to the value of the Qualifying Assets transferred into each account.
Where a client sets up or increases an MCP and/or PAD in multiple Qualifying Accounts, the Ongoing Transfer Award portion of the award will be divided and deposited into those accounts in proportion to the value of transfers into each Qualifying Account between the day(s) the MCP and/or PAD are created or increased to qualify, and June 30th, 2024.
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