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Learn more about Pre-Authorized Purchase Plans.
Ready to Invest?
Get $50 in 3 simple steps
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1
Start by opening a new FHSA, new RRSP or new TFSA1 by June 30, 2024.
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2
Set up a Pre-Authorized Purchase Plan (PPP) within a TD Mutual Fund in the new FHSA, new RRSP or new TFSA with a minimum monthly recurring investment amount of $100.
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3
Maintain the PPP in the new FHSA, new RRSP or new TFSA until November 30, 2024 (or longer).
Pre-Authorized Purchase Plans make it convenient to invest regularly
Let's take take a look at how much your investment could grow with regular contributions over 10 years. The chart below shows how much you could save with $100 or $150 monthly contributions at an 8% compounding annual rate of return.
|
Scenario 1 |
Scenario 2 |
|
|---|---|---|
|
Total |
$17,798 |
$26,697 |
|
Estimated Return |
$5,898† |
$8,847† |
|
PPP/Month Amt and Total |
$100/Month $11,900† |
$150/month $17,850† |
|
Durations |
10 years |
10 years |
This chart is intended for illustrative purposes only, and does not constitute, nor should be relied upon as, financial advice.
† Based on an 8% annual return rate, PPP contributions of $100/month and $150/month for 10 years
|
|
Scenario 1 |
Scenario 2 |
|
|---|---|---|---|
|
Total |
$17,798 |
$26,697 |
|
|
Estimated Return |
$5,898† |
$8,847† |
|
|
PPP/Month Amt and Total |
$100/Month $11,900† |
$150/month $17,850† |
|
|
Durations |
10 years |
10 years |
This chart is intended for illustrative purposes only, and does not constitute, nor should be relied upon as, financial advice.
† Based on an 8% annual return rate, PPP contributions of $100/month and $150/month for 10 years
Make investing part of your every day
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Automate your contributions to invest conveniently and regularly. Recurring contributions that may help you reach your financial goals faster, even during market downturns.
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Set the amount of your contributions (to as little as $25 per week) and the frequency (weekly, biweekly, monthly, quarterly, semi-annually or annually). Change either as often as you like or pause and restart the PPP anytime – it’s completely flexible because life and situations can change quickly.
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No set up, pause or change fees.
How to choose between an FHSA, RRSP and TFSA
FHSAs, TFSAs and RRSPs are all great options for saving. This section can help you decide which may be the right one for you.
Let’s figure out where you’re starting, where you want to be, and how to connect those dots
Saving for your financial goals is all about your personal situation. What do you want to achieve, when you want to achieve it, and how much do you need to save? A TD Personal Banker using TD Goal Builder can help you answer these questions, work towards your goals with TD Goal Builder. Here’s how it all works.
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1
Get clarity on where you stand today. A TD Personal Banker will help set up your financial goals in TD Goal Builder and map out a path to help you reach them. You’ll get personalized advice to help you feel confident and informed about the road ahead.
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2
Track your progress. Access your TD Goal Builder dashboard any time by logging into EasyWeb. You can view your financial goals and track your progress in real time.
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3
Change it up. We know that life changes, and your financial goals might change too. You can always adjust your financial goals with a TD Personal Banker.
