Expired Hot Deals

[TD Bank] Free $100 when you open a new investment product

  • Last Updated:
  • Dec 10th, 2019 1:30 pm
[OP]
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Mar 22, 2012
235 posts
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Toronto

[TD Bank] Free $100 when you open a new investment product

For a limited time, invest $1000 and get $100.
Conditions apply.
Offer ends February 9, 2020.

Here’s how you can get $100.
Open an account
Open a New RRSP or Open a New TFSA .

Contribute
Contribute or transfer-in (from another Canadian financial institution) $1,000 or more into a New RRSP or New TFSA, and invest in one or more of Qualifying Product, as defined below, by February 9, 2020.

You must be a Canadian resident who is of the age of majority in your respective province or territory by February 9, 2020.

Maintain the assets
Maintain $1,000 minimum contribution/transfer-in to the New RRSP or New TFSA until April 30, 2020.


Qualifying Product(s)
TD Canada Trust non-cashable Guaranteed Investment Certificate (GIC) with a maturity of 1 year or more.
An eligible TD Mutual Fund or TD Managed Assets Program portfolio; and a Pre-Authorized Purchase Plan ("PPP") in the New RRSP or New TFSA, with a minimum monthly investment of $25 by February 9, 2020. The first PPP transaction must be made by March 2 , 2020, and the PPP must be maintained until April 30, 2020.

Ready for your Award?
The Award will be paid, on or before June 30, 2020
The maximum and only award amount is $100 per individual. The Award will be calculated based on the aggregate balance within the New RRSP or New TFSA, as of February 9, 2020, of all contributions or transfers-in made during the Campaign Offer Period (Nov 1, 2019 – Feb 9, 2020) and held in the Qualifying Product(s) until April 30, 2020, with a balance equal to, or greater than, $1,000.
The New RRSP or New TFSA must remain open until June 30, 2020 to receive the Award.


Link to the offer
https://www.td.com/ca/en/personal-banki ... offer-100/
Last edited by TomRFD on Nov 8th, 2019 10:12 am, edited 9 times in total.
Reason: updated retailer name
41 replies
Sr. Member
Mar 6, 2006
732 posts
550 upvotes
GTA
Link to the offer


Here’s how you can get $100.
Open an account

Open a New RRSP or Open a New TFSA .
Contribute
Contribute or transfer-in (from another Canadian financial institution) $1,000 or more into a New RRSP or New TFSA, and invest in one or more of Qualifying Product, as defined below, by February 9, 2020.

You must be a Canadian resident who is of the age of majority in your respective province or territory by February 9, 2020.

Maintain the assets
Maintain $1,000 minimum contribution/transfer-in to the New RRSP or New TFSA until April 30, 2020.

Click here for complete offer Terms and Conditions.

Qualifying Product(s)
TD Canada Trust non-cashable Guaranteed Investment Certificate (GIC) with a maturity of 1 year or more.
An eligible TD Mutual Fund or TD Managed Assets Program portfolio; and a Pre-Authorized Purchase Plan ("PPP") in the New RRSP or New TFSA, with a minimum monthly investment of $25 by February 9, 2020. The first PPP transaction must be made by March 2 , 2020, and the PPP must be maintained until April 30, 2020.
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Feb 8, 2014
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So if one buys a non guaranteed investment for $1000 or more and it falls below $1000 they no longer qualify?
In fact in Rand McNally they wear hats on their feet and hamburders eat people
Sr. Member
Oct 24, 2009
884 posts
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Vancouver
Has anyone got their $100 back for TFSA promo earlier this year? I got the RRSP $100 bonus but not for TFSA yet.
[OP]
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Mar 22, 2012
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Toronto
Quentin5 wrote: So if one buys a non guaranteed investment for $1000 or more and it falls below $1000 they no longer qualify?
You will still qualify if your initial $1000 investment drops below $1000 as long as it's not because of a withdrawal
taya1214 wrote: Has anyone got their $100 back for TFSA promo earlier this year? I got the RRSP $100 bonus but not for TFSA yet.
i think you can only qualify for 1 or the other, not both
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Feb 8, 2014
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Dbang86 wrote: You will still qualify if your initial $1000 investment drops below $1000 as long as it's not because of a withdrawal
I would think so but the wording implies otherwise
In fact in Rand McNally they wear hats on their feet and hamburders eat people
Sr. Member
Oct 24, 2009
884 posts
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Vancouver
Dbang86 wrote: i think you can only qualify for 1 or the other, not both
There were two separate promos earlier this year, different than the current promo.
Sr. Member
May 6, 2007
779 posts
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Might as well do this one in late January
Public Mobile, Tangerine
Sr. Member
Apr 7, 2019
880 posts
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So this time, this deal is not on RRSP?
:)
[OP]
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Mar 22, 2012
235 posts
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Toronto
Quentin5 wrote: I would think so but the wording implies otherwise
It says maintain minimum "contribution" not "balance" so you should be good by wording.

Maintain the assets
Maintain $1,000 minimum contribution/transfer-in to the New RRSP or New TFSA until April 30, 2020.
mr2711 wrote:
So this time, this deal is not on RRSP?
It is on RRSP or TFSA, either or.
dilligafeh wrote: If it's even worth doing at all...
Free $100 bucks(10%) for keeping your money there 3 monthsish, don't see why this wouldn't be a great deal?
opening account promotions for most banks require you to keep $5000 to waive fees for $300 bucks keeping account 3 monthsish and other conditions that you need to keep track of, % wise this is even better
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Jul 30, 2013
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Dbang86 wrote: It says maintain minimum "contribution" not "balance" so you should be good by wording.

Maintain the assets
Maintain $1,000 minimum contribution/transfer-in to the New RRSP or New TFSA until April 30, 2020.


It is on RRSP or TFSA, either or.



Free $100 bucks(10%) for keeping your money there 3 monthsish, don't see why this wouldn't be a great deal?
opening account promotions for most banks require you to keep $5000 to waive fees for $300 bucks keeping account 3 monthsish and other conditions that you need to keep track of, % wise this is even better
The only way it's worthwhile is if you keep it in cash in a TFSA, with the additional hassle of opening an account and potentially closing it after April. If you wanted to make trades in an RRSP or the TFSA, it's $10 to buy, $10 to sell (and withdrawl afterwards), and/or $75 to transfer out.
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Feb 9, 2009
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so i guess the easiest way to make money is put 1000$ in TFSA on Feb 1st or so and then withdraw them April 30th ? Then wait and deposit the 1100$ in TFSA (different bank :) ) for 2021 , when you space is available .
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Feb 9, 2009
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smackioio wrote: so i guess the easiest way to make money is put 1000$ in TFSA on Feb 1st or so and then withdraw them April 30th ? Then wait and deposit the 1100$ in TFSA (different bank :) ) for 2021 , when you space is available .
quoting myself....I was wrong, it says AND you have to invest in a GIC for 1yr....so no, thank you, I ll pass
Newbie
Dec 21, 2011
26 posts
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smackioio wrote: quoting myself....I was wrong, it says AND you have to invest in a GIC for 1yr....so no, thank you, I ll pass
Qualifying Product(s)

TD Canada Trust non-cashable Guaranteed Investment Certificate (GIC) with a maturity of 1 year or more.
An eligible TD Mutual Fund or TD Managed Assets Program portfolio; and a Pre-Authorized Purchase Plan ("PPP") in the New RRSP or New TFSA, with a minimum monthly investment of $25 by February 9, 2020. The first PPP transaction must be made by March 2 , 2020, and the PPP must be maintained until April 30, 2020.
Just buy an E-Series fund for low MER.
1000 initial deposit + 4 months of min 25$ monthly payments = 1100$ total

Since the award would be deposited to your TFSA, would that count as free TFSA growth room? Or would it be counted towards your max TFSA contribution?

=edit=
Answered my own question:
Tax Implications:

The Award is paid directly into the New RSP or New TFSA, as applicable, and is not considered to be a contribution and is not tax deductible.
Yes please, I'll take two
[OP]
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User avatar
Mar 22, 2012
235 posts
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Toronto
smackioio wrote: quoting myself....I was wrong, it says AND you have to invest in a GIC for 1yr....so no, thank you, I ll pass
you can purchase a mutual fund and keep it until april instead of 1 year GIC
techkid wrote: The only way it's worthwhile is if you keep it in cash in a TFSA, with the additional hassle of opening an account and potentially closing it after April. If you wanted to make trades in an RRSP or the TFSA, it's $10 to buy, $10 to sell (and withdrawl afterwards), and/or $75 to transfer out.
it's not a direct investing account, there's no fees to buy/sell
Deal Addict
Jun 18, 2018
1337 posts
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The forced investment hurts this deal imo.

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