TERMS AND CONDITIONS OF THE RBC INVESTEASE WINTER 2024 CASH BONUS OFFER
The ‘Winter 2024 Cash Bonus’ offer (the ““Offer”) is only available to Canadian residents over the age of majority, subject to the following terms and conditions:
1. The Offer Period
To qualify, the following conditions must be met:
- You must have an RBC InvestEase Account (“Eligible Account(s)”) on or before the last day of the Offer Period (defined below). The account type must be a Tax Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP), First Home Savings Account (FHSA) or a Non-Registered Account (sole account holder only). For additional information please visit: https://www.rbcinvestease.com/investment-accounts/index.html
- You must deposit a minimum of C$15,000 either directly or as a transfer from a financial institution that is not affiliated with RBC (“Qualifying Assets”) into an Eligible Account between January 4, 2024, and April 3, 2024, inclusive (the “Offer Period”). Transfers must be initiated within the Offer Period and received into the Eligible Account(s) on or before April 15, 2024. Funds received into the Eligible Account(s) after April 15, 2024 will not be eligible for a cash bonus award.
- You must maintain the minimum amount of Qualifying Assets required in your Eligible Account(s) until March 1, 2025, inclusive, to receive a cash bonus award.
2. Transferred Assets
- You must deposit or transfer a minimum of $15,000 into an Eligible Account.
- RBC InvestEase cannot accept a transfer of securities “in kind”, and can only accept transfers “in cash”.
- Transfers received from existing investment accounts held at an affiliate of RBC do not qualify for a cash bonus award. Transfers must originate from a financial institution that is not affiliated with RBC. Financial institutions that are affiliated with RBC include but are not limited to: Royal Bank of Canada, RBC Direct Investing Inc., RBC InvestEase Inc., RBC Dominion Securities Inc., Philips, Hager & North Investment Funds Ltd. and RBC Philips, Hager & North Investment Counsel Inc, Royal Trust Corporation and the Royal Trust Company.
- Cash deposits originating from a chequing or savings account held with RBC or another financial institution will qualify for a cash bonus award.
- Transfers must be initiated within the Offer Period to qualify for the cash bonus award and received into the Eligible Account(s) on or before April 15, 2024.
- Multiple deposits and transfers may be made into your Eligible Account(s) during the Offer Period, and the total cumulative amount deposited into each Eligible Account during the Offer Period will constitute the total Qualifying Assets per account.
- Deposits and transfers made into separate Eligible Accounts will not be considered cumulatively.
3. Net Qualifying Assets
- Deposit or transfer a minimum of C$15,000 in Qualifying Assets into your Eligible Account(s) during the Offer Period, and maintain the minimum amount of Qualifying Assets required in the Eligible Account until March 1, 2025, inclusive.
- The cash bonus award will be determined on March 1, 2025, based on the Qualifying Assets in the Eligible Account(s), less any withdrawals, de-registrations, and transfers from your Eligible Account(s) (“Net Qualifying Assets”) between January 4, 2024, and March 1, 2025 (the "Holding Period").
- If you withdraw, deregister, or transfer assets from your Eligible Account(s) during the Holding Period, such amounts will be subtracted from the amount of your Qualifying Assets in order to determine your Net Qualifying Assets. If such withdrawals, de-registrations, or transfers reduce the amount of your Qualifying Assets below $15,000 on or before March 1, 2025, no cash bonus award will be granted.
- A reduction in the value of the Eligible Account(s) due to market fluctuations or deductions made in respect of management fees or taxes will not be considered a withdrawal and will not impact the determination of the Net Qualifying Assets.
- Any assets that are received into your Eligible Account(s) after April 15, 2024, do not form part of the Qualifying Assets and the value of those assets may be withdrawn without affecting the amount of the Net Qualifying Assets.
4. Cash Bonus
- The cash bonus award will be paid in Canadian dollars to the Eligible Account(s) holding the minimum Qualifying Assets after the end of the Holding Period and will subsequently be invested according to our regular investment process.
- Cash bonuses are limited to one award per type of Eligible Account (i.e., TFSA, FHSA, RRSP, Non-Registered). The maximum cash bonus award amount per Eligible Account is C$1,000.
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The cash bonus award will be determined on March 1, 2025, based on the Net Qualifying Assets held in each Eligible Account in accordance with the following table:
Responsive Table Example NET QUALIFYING ASSETS CASH BONUS $15,000 - $24,999 $75 $25,000 - $49,999 $100 $50,000 - $74,999 $250 $75,000 - $99,999 $375 $100,000 - $149,999 $500 $150,000 - $199,999 $750 $200,000+ $1,000 - Please allow up to six to eight weeks after March 1, 2025, for any cash bonus to be deposited into your Eligible Account(s). To receive the cash bonus, your Eligible Account(s) must remain open at the date of payout.
5. Other Terms
- The cash bonus award is non-transferable and cannot be combined with any other RBC InvestEase offer or promotion.
- If you cease to qualify for the cash bonus award, RBC InvestEase reserves the right not to pay the cash bonus award.
- Terms and conditions applicable to the Winter 2024 Cash Bonus Offer are subject to change without notice at the sole and absolute discretion of RBC InvestEase. RBC InvestEase further reserves the right to withdraw the Offer without notice.
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RBC InvestEase will reimburse up to C$200 in applicable transfer fees when you transfer C$15,000 or more from a financial institution not affiliated with RBC to your Eligible Account(s).
Clients must provide proof of transfer fee payment to RBC InvestEase within three months of the transfer to be eligible for reimbursement. Please contact an RBC InvestEase representative for more details at 1-800-769-2531. - RBC InvestEase general Pricing Terms and Conditions apply. You will be solely responsible for any applicable fees, penalties, charges or other amounts associated with or connected to the cash bonus award or with the transfer of any assets to an RBC InvestEase Account.
- You are responsible for reviewing the contribution room available in registered plan accounts (i.e., TFSA, FHSA and RRSP) you hold before effecting any transfer into an RBC InvestEase account. You are solely responsible for any excess contribution penalty or other tax consequence that may arise from the transfer of assets into your RBC InvestEase account(s). Please consult your personal tax advisor for advice.
- There may be tax implications associated with the payment of the cash bonus award into your RBC InvestEase Account(s). You will be solely responsible for any tax consequences associated with such payment(s). Please consult your personal tax advisor for more information.
- You may opt out of the Offer at any time by notifying RBC InvestEase at 1-800-769-2531.
RBC InvestEase is a restricted portfolio manager providing access to model portfolios. Other products and services may be offered by one or more separate corporate entities that are affiliated to RBC InvestEase Inc., including without limitation: Royal Bank of Canada, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Global Asset Management Inc., Royal Trust Corporation of Canada and The Royal Trust Company. RBC InvestEase Inc. is a wholly-owned subsidiary of Royal Bank of Canada and uses the business name RBC InvestEase. RBC and Royal Bank are registered trademarks of Royal Bank of Canada. Used under licence.
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