Pre-Authorized Contributions


Say good-bye to the 'RSP Deadline Scramble.'

Say Hello to automatic investing.


  • You want to build your savings automatically

  • You want to enjoy the potential benefits of dollar cost averaging

  • Automatic deductions and deposits

  • Ability to contribute weekly, bi-weekly, monthly, quarterly, semi-annually, or annually

  • Choice of contribution amounts and investment options

  • Build savings easily and conveniently

  • PLUS:

    Compound savings

    Avoid the last-minute scramble

    Pay less tax now

    Scotiabank will transfer money from other selected Canadian financial institutions to the SSI Investment Savings account you choose

    Investment options include all ScotiaFunds (subject to the applicable minimum investment amount) and our Daily Interest Savings/Gain Plan Investment Savings accounts.

    When the unit price is higher, your investment buys fewer units. Over time, this can have the effect of lowering the average cost of your investments compared to lump sum investing.

    Example: $100 invested monthly for 5 month

    Total units purchased: 51.9
    Multiplied by latest price (end of May) $10
    Total current value $519
    Total invested $500
    Gain $19

    Chart is for illustration purposes only. It does not indicate the performance of any particular investment.

    In the above example, an investment of $100 per month for 5 months (total investment = $500), results in the purchase of 51.9 units of a fund, at an average cost of $9.63/unit ($500/51.9 units). If the full $500 had been invested at the beginning, the total units purchased would have been 50, at a price of $10/unit. The effect of dollar cost averaging has reduced the average cost per unit.

    When you invest regularly, you generate returns on the amount you invest each month as well as on the amount that money has earned.

    As a result of this "compounding", your portfolio has the potential to grow faster than if you made a lump sum contribution. And if you are contributing to an RSP, pre-authorized contributions help to ensure you will not have to scramble to make your contribution at the last minute.

    View our Mutual Fund Prices & More

    View our Current Rates

    Pre-authorized contributions can be set-up for the following SSI Investment Accounts:
    • Tax Free Savings Account (TFSA)
    • Registered Retirement Savings Plan (RRSP)
    • Non-Registered Investment Account
    • Registered Education Savings Plan (RESP)

    PAC Tool

    Ready to apply

    Phone

    Call one of our Personal Investment Advisors
    Mon-Fri (8am-8pm)

    1(800)268-9269
    In person

    Make an appointment at your local branch

    Find a local branch
    Online

    Set up your contribution with Scotia OnLine

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