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Terms and Conditions of the RBC Direct Investing Summer Cash Back Plus Offer

The ‘Summer Cash Back Plus’ Offer (the “Offer”) is subject to the following terms and conditions:

Only the following individuals are Eligible to participate in the Offer. You must –

  • be a new RBC Direct Investing client. A new client is a client that has not had an RBC Direct Investing Account before the first day of the Offer Period (defined below);
  • open one or more eligible RBC Direct Investing account(s) (defined below) using the Offer code (WNK11) during the Offer Period (defined below); and
  • be a Canadian resident and at least the age of majority in your province/territory at the time of opening the Eligible Account(s).

You could receive up to 100 Commission-Free Trades and/or a 1% Cash Reward if you satisfy the following Qualifying Requirements under the Offer:

Qualifying Requirements to receive up to 100 Commission-Free Trades

1. Open an Eligible Account during the Offer Period

  • Open one or more new RBC Direct Investing account(s) (“Eligible Account(s)”) using the Offer code (WNK11) between July 25th, 2024 and September 26th, 2024 inclusive (the “Offer Period”).
  • Eligible Accounts include:
    • Cash (single or joint account holder)
    • Margin (single or joint account holder)
    • Tax-Free Savings Account (single account holder) (TFSA)
    • Registered Retirement Savings Plan (single account holder) (RRSP)
    • First Home Savings Account (single account holder) (FHSA)
    • For joint account(s), all accountholders must not have had an RBC Direct Investing Account before the first day of the Offer Period.
  • Accounts not eligible for the offer include:
    • Non-Personal (e.g. Corporate)
    • Collateral Pledge (single/joint/3rd Party)
    • Locked-in Registered
    • Registered Education Savings Plans (RESPs)
    • Retirement Income Funds (RIFs)
    • Spousal Registered Retirement Savings Plan (Spousal RRSPs)
    • Group Retirement Savings Plans (Group RSPs)
    • Life Income Funds (LIFs)

2. Receiving up to 100 Commission-Free Trades in your Eligible Account(s)

  • Trade commission fees paid on up to 100 Qualifying Trades, that are placed within two years of the date of opening your first Eligible Account, will be rebated.
  • For a trade to qualify as a ‘Qualifying Trade’ it must be –
    • placed via the RBC Direct Investing online investing site or the RBC Mobile† app;
    • a trade in a Canadian or US exchange-listed security or option; and
    • placed in your new Eligible Account(s) opened using the Offer code.
  • No rebate will be granted for trade commission fees that are paid on Qualifying Trades placed after the two-year period, or if you have placed more than 100 Qualifying Trades in your Eligible Accounts collectively during this two-year period.
  • For trades in Canadian or US exchange-listed options, you will only receive a rebate in respect of the flat trade commission fee. Commission fees applicable to the option contract and other applicable fees will not be rebated.
  • The rebate will be deposited into the Eligible Account used to place the Qualifying Trade within 3 to 5 business days after your Qualifying Trade is filled and will be paid in either C$ or US$, depending on the currency used to settle the Qualifying Trade.
  • The maximum rebate you may receive per Qualifying Trade will be $9.95 (C$ or US$).
  • For registered plans, cash rebates are not considered contributions and will not impact your contribution limits.

Qualifying Requirements to Receive the 1% Cash Reward

1. Open an Eligible Account during the Offer Period

  • Open one or more new RBC Direct Investing account(s) (“Eligible Account(s)”) using the Offer code (WNK11) between July 25th, 2024 and September 26th, 2024 inclusive (the “Offer Period”).
  • Eligible Accounts include:
    • Cash (single or joint account holder)
    • Margin (single or joint account holder)
    • Tax-Free Savings Account (single account holder) (TFSA)
    • Registered Retirement Savings Plan (single account holder) (RRSP)
    • First Home Savings Account (single account holder) (FHSA)
    • For joint account(s), all accountholders must not have had an RBC Direct Investing Account before the first day of the Offer Period.
  • Accounts not eligible for the offer include:
    • Non-Personal (e.g., Corporate)
    • Collateral Pledge (single/joint/3rd Party)
    • Locked-in Registered
    • Registered Education Savings Plans (RESPs)
    • Retirement Income Funds (RIFs)
    • Spousal Registered Retirement Savings Plan (Spousal RRSPs)
    • Group Retirement Savings Plans (Group RSPs)
    • Life Income Funds (LIFs)

2. Transferred Assets

  • Transfer or deposit a minimum of C$15,000 (Fifteen Thousand Canadian Dollars), or the equivalent thereof, in cash and/or securities from another financial institution not affiliated with RBC (“Transferred Assets”) into your new Eligible Account(s) by November 29th, 2024 inclusive (the ‘Funding Deadline’)
  • Transfers originating from a financial institution that is affiliated with RBC will not qualify under the Offer. Financial institutions that are affiliated with RBC include: Royal Mutual Funds Inc., RBC Direct Investing Inc., RBC InvestEase Inc., RBC Dominion Securities Inc., RBC Dominion Securities Global Inc., Philips, Hager & North Investment Funds Ltd., Philips, Hager & North Investment Services, RBC Philips, Hager & North Investment Counsel Inc, Royal Trust Corporation and the Royal Trust Company.
  • The value of Transferred Assets and any withdrawals will be determined in Canadian dollars based on the end of day valuation on the transfer date by RBC Direct Investing in its sole discretion. Foreign currencies will be converted at RBC Direct Investing prescribed rates in effect at transfer date.
  • Transfers or deposits received into your Eligible Account(s) after the Funding Deadline will not qualify under the Offer.
  • Options and Securities not listed on a Canadian or U.S marketplace recognized by RBC Direct Investing do not qualify as Transferred Assets under the Offer.
  • Transfers from a pension plan or any type of share purchase or incentive plan offered to RBC employees including but not limited to Royal Employee Savings and Share Ownership Plan (RESSOP), DSSP and RBC pension plans are specifically excluded from this Offer.
  • You must maintain at least the minimum amount of Transferred Assets required under the Offer (i.e., C$15,000) in your Eligible Account(s) until November 14th, 2025 inclusive.

3. Net Transferred Assets

  • You will need to maintain at least the minimum amount of Transferred Assets required under the Offer (i.e., C$15,000) in your Eligible Account(s) between the Funding Deadline and November 14th, 2025 inclusive.
  • If you withdraw, deregister, or transfer out assets from your Eligible Account(s), such amounts will be subtracted from the amount of your Transferred Assets in order to determine your Net Transferred Assets.
  • Your ‘Net Transferred Assets’ are the Transferred Assets received into your Eligible Accounts on or before the Funding Deadline, less any withdrawals, de-registrations, or transfer-outs between July 25th, 2024 and November 14th, 2025.
  • Any assets that are deposited or transferred into your Eligible Account(s) after the Funding Deadline do not form part of the Transferred Assets and the value of those assets may be withdrawn without affecting the calculation of your Net Transferred Assets.
  • If your Net Transferred Assets drop below the minimum C$15,000 required on or before November 14th, 2025, no Cash Reward will be granted.
  • Your Net Transferred Assets will be determined on November 14th, 2025.
  • The calculation of your Net Transferred Assets will be based on the market value of the assets as of the transfer date and determined in Canadian Dollars. Market fluctuations will not impact the calculation of your Net Transferred Assets.

4. Receiving the 1% Cash Reward

If you satisfy all 3 Qualifying Requirements listed above -

  • You will receive a 1% Cash Reward, being 1% of your Net Transferred Assets as determined on November 14th, 2025.
  • The Cash Reward will be paid in Canadian dollars in December 2025 (the “Payout Date”).
  • Where your Transferred Assets are deposited or transferred to a single Eligible Account, the Cash Reward will be deposited into that account.
  • Where you open multiple Eligible Accounts, the Net Transferred Assets will be calculated by combining the value of the Net Transferred Assets in all your Eligible Accounts. The Cash Reward will be divided and deposited to each Eligible Account in proportion to the value of the Net Transferred Assets in each account.
  • The maximum Cash Reward payable to a client under the Offer is C$10,000 (Ten Thousand Canadian Dollars).
  • Only one Cash Reward will be granted per client. Only one client per account with multiple account holders (e.g., joint account holders) may participate in this Offer.
  • For registered plans, Cash Rewards are not considered contributions and will not impact your contribution limits.

For example:

If you open two Eligible Accounts, with C$10,000 in Account A and C$47,000 in Account B, and you do not withdraw or transfer out any amounts, on November 14th, 2025 your Net Transferred Assets will be C$57,000. Your 1% Cash Reward will be calculated on your Net Transferred Assets, being the cumulative value of C$57,000 in the two accounts, will be C$570. The C$570 will be paid proportionally into Account A and B.

Other Terms that Apply to the Offer:

  • To receive the 1% Cash Reward and/or up to 100 Commission-Free Trades, you must keep your Eligible Account(s) open, funded and in good standing with RBC Direct Investing until the Payout Date. To remain in “Good standing” an Eligible Account may not go into a debit position or into a margin call, and must be operated in accordance with the RBC Direct Investing Operation of Account Agreement.
  • This Offer is non-transferable, and cannot be combined with any other RBC Direct Investing offer or promotion.
  • In the event that you cease to qualify for the Cash Reward, RBC Direct Investing reserves the right not to pay the Cash Reward.
  • In the event that you cease to qualify for the Offer, RBC Direct Investing reserves the right to require you to repay any rebates previously received in connection with the Offer in which case you agree that such repayments may be applied against the respective Eligible Account(s);
  • Terms and conditions applicable to the Offer are subject to change without notice at the sole and absolute discretion of RBC Direct Investing.
  • RBC Direct Investing reserves the right, in its sole and absolute discretion, to amend, or withdraw the Offer, or to disqualify, limit or revoke the Offer in respect of any RBC Direct Investing client who it determines or believes is abusing or manipulating the Offer.
  • RBC Direct Investing general Pricing Terms and Conditions apply. You will be solely responsible for the payment of any applicable fees, penalties, charges or other amounts associated with or connected to the Offer or with the transfer of any assets to an Eligible Account. Visit Pricing or call 1-800-769-2560 for complete details.
  • 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 Direct Investing 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 Direct Investing account(s). Please consult your personal tax advisor for advice.
  • There may be tax implications associated with the payment of the Cash Reward and/or rebate in your RBC Direct Investing account(s). You will be solely responsible for any tax consequences associated with the Offer and/or the transfer of any assets into the Eligible Account(s). Please consult your personal tax advisor for more information.
  • The payment of a Cash Reward or rebate into an account with multiple accountholders is considered to be payment in full of sums Owed under this offer, and payment of any Cash Reward or rebate will not be allocated to individual account holders. RBC Direct Investing is not responsible for the distribution of any payment amongst joint account holders once the amount is paid.
  • You may opt out of the Offer at any time by notifying RBC Direct Investing at 1-800-769-2560.
  • Additional terms and conditions may apply to opening an account with RBC Direct Investing and the transfer-in and operation of accounts at RBC Direct Investing, including without limitation, the requirements set forth in RBC Direct Investing’s Operation of Account Agreement.

RBC Direct Investing Inc. and Royal Bank of Canada are separate corporate entities which are affiliated. RBC Direct Investing Inc. is a wholly owned subsidiary of Royal Bank of Canada and is a Member of the Canadian Investment Regulatory Organization and the Canadian Investor Protection Fund. Royal Bank of Canada and certain of its issuers are related to RBC Direct Investing Inc. RBC Direct Investing Inc. does not provide investment advice or recommendations regarding the purchase or sale of any securities. Investors are responsible for their own investment decisions. RBC Direct Investing is a business name used by RBC Direct Investing Inc. ® / ™ Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada. Used under licence.
© Royal Bank of Canada 2024.

† RBC Mobile is operated by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc.

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