Scotia Essentials Portfolios™

¹ The minimum initial investment to Scotia Essentials Portfolios will be waived when a pre-authorized contribution (PAC) into the fund/series of $25 or more is established.

²All numbers reported as at October 31, 2024. Assets Under Management (AUM) represents assets managed by Scotiabank (through its Global Wealth management division) on a discretionary basis and in respect of which the Bank earns investment management fees. AUM are beneficially owned by clients and are therefore not reported on the Bank’s Consolidated Statement of Financial Position. AUM in $CAD.

Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Please read the fund’s simplified prospectus before investing. Mutual funds are not guaranteed or insured by the Canada Deposit Insurance Corporation or any other government deposit insurer, their values change frequently, and past performance may not be repeated.

ScotiaFunds® are managed by 1832 Asset Management L.P., a limited partnership the general partner of which is wholly owned by The Bank of Nova Scotia. ScotiaFunds are available through Scotia Securities Inc. and from other dealers and advisors, including ScotiaMcLeod® and Scotia iTRADE® which are divisions of Scotia Capital Inc. Scotia Securities Inc. and Scotia Capital Inc. are wholly owned by The Bank of Nova Scotia. Scotia Capital Inc. is a member of the Canadian Investor Protection Fund and the Canadian Investment Regulatory Organization.

Scotia Global Asset Management® is a business name used by 1832 Asset Management L.P. a limited partnership, the general partner of which is wholly owned by Scotiabank.

*  The Scotiabank Investment Transfer Offer (the “Offer”) is available between June 3, 2025 and October 31, 2025 (the “Offer Period”) to new and existing Scotiabank clients. Subject to the conditions below, clients are eligible for a 1.5% cash bonus of up to $3,750 (the “Cash Bonus”), when they transfer a Net Transfer-in Amount of $15,000 or more (either in cash or as an in-kind transfer of existing assets) to a new or existing Eligible Registered Account with either The Bank of Nova Scotia or Scotia Securities Inc. (together, “Scotiabank”), complete certain qualifying transactions, and meet all other Offer conditions set out below.

 

Definitions:

 

“Eligible Registered Accounts”: Scotia Registered Retirement Savings Plans (excluding Locked-in plans such as LIRAs and LRSPs) (each an “Eligible RRSP”), Tax-Free Savings Accounts (each an “Eligible TFSA”), First Home Savings Accounts (each an “Eligible FHSA”) and Registered Education Savings Plans (each an “Eligible RESP”). Scotia RRIFs, RDSPs, and non-registered Scotia Investment Accounts are not eligible for the Offer.

 

“Enrollment Period”: Begins from the date the first transferred asset is successfully funded under step 1 below and lasts for 60 consecutive days.

 

“Net Transfer-in Amount”: The combined sum of all transfers (either in cash or as an in-kind transfer of existing assets) successfully funded in your Eligible Registered Account of the same registered account type (E.g., TFSA to Eligible TFSA, RRSP to Eligible RRSP, etc.) within the Enrollment Period minus any transfers out or withdrawals from the Eligible Registered Account within the Enrollment Period. For the purposes of calculating the Net Transfer-in Amount, the market value upon the receipt of transfer will be used to determine eligibility. For clients holding investments in non-Canadian dollar currencies, the Net Transfer-in Amount will be calculated in the Canadian dollar equivalent at the Scotiabank conversion rate.

 

“Total Investment Amount”: The total book value balance in the Eligible Registered Account at the end of the Enrollment Period, which includes the Net Transfer-in Amount plus any existing balances held in the Eligible Registered Account(s). For clients holding investments in non-Canadian dollar currencies, the Total Investment Amount will be calculated in the Canadian dollar equivalent at the Scotiabank conversion rate.

 

To qualify for a Cash Bonus:

1. During the Offer Period, initiate at least one transfer (either in cash or as an in-kind transfer of existing assets ) to your new or existing Eligible Registered Account(s), which must be successfully funded within the Enrollment Period.

 

2. Within the Enrollment Period, successfully fund the remaining of the Net Transfer-in Amount of $15,000 or more to your new or existing Eligible Registered Account(s).

 

3. Maintain your Total Investment Amount for six (6) consecutive months after the Enrollment Period ends.

For example, if a client successfully funded $25,000 into an Eligible TFSA and made a withdrawal of $5,000 before the end of the Enrollment Period, the client will be eligible for this Offer as long as the remaining of the Net Transfer-in Amount of $20,000, plus any existing balances at the end of the Enrollment Period, are maintained within the same Eligible TFSA for (6) consecutive months after the Enrollment Period ends.

 

4. Within the Enrollment Period, set up and clear one recurring pre-authorized contribution (PAC) from any personal bank account with a minimum value of at least $100 monthly into your new Eligible Registered Account that will recur for a minimum total of six (6) consecutive months.

 

Calculation of Cash Bonus: The Cash Bonus will be calculated as 1.5% of the Net Transfer-in Amount held in your Eligible Registered Account after the six (6) months maintenance period set out in Step 3 above ends, up to a maximum Cash Bonus of $3,750.

 

Eligibility and Exclusions: For a transfer-in to be eligible, assets must be transferred from a registered account held at a Canadian financial institution other than The Bank of Nova Scotia or any of its subsidiaries or affiliates (including Scotia Securities Inc.) and must be transferred to the Eligible Registered Account from an account of the same registered account type (i.e., TFSA to Eligible TFSA, RRSP to Eligible RRSP, etc.).

 

The assets that are transferred in from another Canadian financial institution must be processed through a transfer form and the transfer must be initiated and submitted by a Scotiabank Advisor or Scotia Financial Planner; clients who initiate and complete their own transfers will not be eligible. A client can complete multiple transfers to reach the minimum $15,000 Net Transfer-in Amount as long as the assets are transferred to the same registered account type. Transfers across multiple registered account types cannot be aggregated to reach the $15,000 minimum.

 

General Terms: Provided all Offer conditions have been met, the Cash Bonus will be deposited to your Eligible Registered Account within approximately eight (8) months from the end of the Enrollment Period. For the Cash Bonus to be paid, the applicable Eligible Registered Account must be open and in good standing until the time of payout of the Cash Bonus. For purposes of this Offer, an Eligible Registered Account is not in 'good standing' if the account holder is in breach of the Eligible Registered Account’s client account agreement.

 

If you qualify, you will receive only one (1) Cash Bonus per Registered Eligible Account type (e.g., an Eligible RRSP or an Eligible TFSA), regardless if there are multiple transfers to the same Eligible Registered Account and regardless of the number of Eligible Registered Account types qualified. If multiple Eligible Registered Accounts of the same registered account type meet the qualifying conditions (e.g., 2 Eligible RRSPs), the Cash Bonus will only be paid on the first Eligible Registered Account that has met the Offer conditions.

 

Clients are responsible to confirm their contribution limits noted on their most current Notice of Assessment issued by the Canada Revenue Agency prior to making any contribution to their Eligible Registered Account(s). The Cash Bonus will not be considered a contribution and therefore will not impact a client’s applicable registered plan contribution limit. Scotiabank is not responsible for any contribution over a client’s limit in connection with this Offer. Clients should consult with a tax advisor to discuss any tax implications in connection with this Offer and clients are responsible for any required tax reporting.

 

This Offer is non-transferable, non-saleable, may not be exchanged for cash and may not be duplicated. Offer may be changed, cancelled, or extended at any time without prior notice.