iTrade Winter Offer Triage | Investing | Discussion forum

If I open a TFSA iTrade account, and funding the account from my bank cheque account, it it eligible for the reward ?

or I need direct funding from my existing the other financial institution TFSA direct investing account ? That mean I need submit the CRA transfer form and takes time ?

The Scotia iTRADE offer allows cash funding of the accounts:

… Offer valid for new Scotia iTRADE® clients and applies to new accounts.

If you

(i) open and enroll in this offer with one or more new Scotia iTRADE account(s) (each, a “New Account”) by March 1, 2024 and fund the New Account(s) by March 31, 2024 with at least the equivalent of CAD $1,000/$5,000/$25,000/$50,000/$100,000/$250,000/$500,000/$1,000,000/$2,000,000 with net new value in cash or/and assets (cheque deposit, electronic funds transfer or transfer of assets) (“Qualifying Amount”) from an account that is not held at Scotia iTRADE and

(ii) then maintain the Qualifying Amount in assets that you deposited in your New Account(s) (subject to the Qualifying Amount calculation condition) during the entire period between March 31, 2024 and June 30, 2024

then

CAD $50/$100/$150/$200/$500/$500/$1,200/$2,300/$4,000 (respectively, based on the Qualifying Amount funded, subject to the Qualifying Amount calculation condition) will be deposited directly into your applicable account by July 31, 2024. The rebate will be deposited into your non-registered account, and if you don’t have non-registered accounts then into your registered account.

If you fund your New Account with the equivalent of CAD $1,000 or more by March 31, 2024 then in addition to the cash reward you will also receive commission pricing of $4.99 flat per Canadian or U.S. equities/ ETF trade and $4.99 + $1.25/contract for each options trade in your New Account(s) until June 30, 2024. New qualification status will be effective weekly on the earlier of every Monday starting on November 20, 2023 to April 3, 2024 after you satisfy all the eligibility requirements for this offer. If you already qualify for the commission of $4.99 per trade, your entitlement will not be affected by this offer. …

Slightly different offer of existing clients:

… Offer valid for new and existing Scotia iTRADE® clients and applies to new or existing accounts.
If you

(i) open and enroll in this offer with one or more new Scotia iTRADE account(s) (each, a “New Account”) by March 1, 2024 and fund the New Account(s) by March 31, 2024 with at least the equivalent of CAD $1,000/$5,000/$25,000/$50,000/$100,000/$250,000/$500,000/$1,000,000/$2,000,000 with net new value in cash or/and assets (cheque deposit, electronic funds transfer or transfer of assets) (“Qualifying Amount”) from an account that is not held at Scotia iTRADE
OR enroll your existing account(s) in this offer by March 1, 2024 and transfer cash and/or assets with net value equal to the Qualifying Amount into your existing Scotia iTRADE account(s) from an account that is not held at Scotia iTRADE by March 31, 2024 and

(ii) then maintain the Qualifying Amount in assets that you deposited in your New Account(s) or in your existing account(s) (subject to the Qualifying Amount calculation condition) during the entire period between March 31, 2024 and June 30, 2024

then CAD $50/$100/$150/$200/$500/$1,000/$2,000/$4,000 (respectively, based on the Qualifying Amount funded, subject to the Qualifying Amount calculation condition) will be deposited directly into your applicable account by July 31, 2024. The rebate will be deposited into your non-registered account, and if you don’t have non-registered accounts then into your registered account.

If you fund your New Account or existing account with the equivalent of CAD $5,000 or more by March 31, 2024 then in addition to the cash reward you will also receive commission pricing of $6.99 flat per Canadian or U.S. equities/ ETF trade and $6.99 + $1.25/contract for each options trade in your New Account(s) or existing account(s) until June 30, 2024. New qualification status will be effective weekly on the earlier of every Monday starting on October 16, 2023 to April 3, 2024 after you satisfy all the eligibility requirements for this offer. If you qualify for the commission of $4.99 per trade, your entitlement will not be affected by this offer. …