Automatic Withdrawal Plan

An Automatic Withdrawal Plan lets you receive regular payments from your non-registered Scotia Securities Inc. (SSI) Account.

How it works:
  • You determine the amount (subject to the applicable minimum withdrawal amounts) and which ScotiaFund(s) you would like to redeem.
  • You can choose to receive payments monthly, quarterly, semi-annually or annually.
  • We'll automatically sell the necessary number of units to make payments by cheque or deposit to your bank account.
  • If you sell units within 31 days of buying them, you may have to pay a short-term trading fee.
  • You may realize a capital gain or loss - capital gains are taxable.
  • You can change the funds and the amount or frequency of your payments, or cancel the plan by advising us in writing.
  • SSI can change or cancel the plan, or waive the minimum amounts at any time
More information that may interest you

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