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TD Direct Investing 2023-2024 Winter Offer
December 3, 2023
9:15 pm
Loonie
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October 21, 2013
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Small minimum balance may mean this is meant to attract people making a new or first TFSA contribution in the new year. They will then be prompted to invest more and longer later.

March 27, 2024
12:45 pm
RM485
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April 15, 2023
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kesa said

I took this, and the new one, and the similar BMOIL bribes, minimum amounts give best returns, opened min accounts for kids as well, free money! 10%+ returns!  

Missed last yr's promo, but just bit at this one - set up a new cash account to be funded by end of wk, as well as put things in motion for the extra $50 PAD bonus.
I had some accounts at TD anyway and the new one will also help align holdings more similarly to how I keep my records.

So far I've not gotten consistent info on what happens for declines in market value or withdrawals of any of the money 07/02/24 - 08/31/24, but worse case I'll leave it in something like TDB2913 until Sept.

Could've waited a bit, but terms & conds say the offer can be withdrawn at any time and the opportunity cost to start funding it now vs. April was insignificant.

April 12, 2024
10:54 am
Lodown
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RM485 said
So far I've not gotten consistent info on what happens for declines in market value or withdrawals of any of the money 07/02/24 - 08/31/24, but worse case I'll leave it in something like TDB2913 until Sept.
  

I believe it is based on your "Contribution". If the stock you buy declines, it does not matter regarding the bonus - you still get it. After your contribution, do whatever you want in the account, but do not withdraw any funds, with the exception of paid out stock dividends, and you should be fine for the bonus.

April 12, 2024
11:05 am
savemoresaveoften
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Lodown said

I believe it is based on your "Contribution". If the stock you buy declines, it does not matter regarding the bonus - you still get it. After your contribution, do whatever you want in the account, but do not withdraw any funds, with the exception of paid out stock dividends, and you should be fine for the bonus.  

Thats exactly it. And to be on the safe side, dont withdraw any interest or dividend etc made. They can count it as withdrawal against ur original deposit. Not worth the hassle to argue if that drops u from receiving the bonus. They made it clear M2M fluctuation is not part of the equation, but a grey area about withdrawal of income made during the mandatory holding period.

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