New Investment Client Offer - Terms & Conditions

General

1. This New Investment Client Offer (the “Offer”) is available to new Tangerine Investment Clients who open their first Tangerine Investment Fund Account between December 15, 2022 and March 1, 2023 (the “Offer Period”). For the purposes of this Offer, a new Tangerine Investment Client is someone who has not had a Tangerine Investment Fund Account for at least 12 months before the start of the Offer Period.

2. Tangerine Investments will pay eligible new Clients a Bonus as outlined in the table below (the “Bonus”) on new purchases or sheltered transfers (“Contributions”) made during the Offer Period to all of their Eligible Accounts combined (as defined in section 3 below), up to a maximum Bonus amount of $1,000. Contributions must remain invested in the Eligible Account until May 2, 2023 to be eligible for the Bonus.

* These amounts reflect the combined total of Contributions to all of the Client’s Eligible Accounts.

3. Eligible Accounts are: Tangerine Investment Fund Account (“Non-Registered Account”), Tangerine Tax-Free Investment Fund Account (“TFSA Account”), Tangerine RSP Investment Fund Account (“RSP Account”) and Tangerine RIF Investment Fund Account (“RIF Account”). Locked-in Accounts aren’t eligible for the Bonus.

4. For Transfers of RSP, TFSA, or RIF funds from another financial institution, a T2033 form must be received by Tangerine Investments by March 1, 2023. The other financial institution must deliver the transferred funds to Tangerine Investments by May 2, 2023. If the funds aren’t delivered to Tangerine Investments within that period, the Bonus won’t be paid. Please note that transferring a portion or all of your TFSA, RSP or RIF funds from another financial institution to Tangerine Investments may result in your current financial institution charging you a fee.

5. The Bonus will be paid by June 15, 2023 to you in the following order of priority:

   1. First, in cash to your Tangerine Savings Account with the lowest Account Number, if any;

   2. Second, in cash to your Tangerine Chequing Account with the lowest Account Number, if any; and

   3. Third, to the Eligible Account at Tangerine Investments with the lowest Account Number, as additional units of the Tangerine Investment Fund you own.

   One of these Account types must remain open until that day to receive the Bonus.

6. All Bonus payments to RSP Accounts, TFSA Accounts or RIF Accounts will be considered sheltered transfers and won’t impact your contribution limits. All Canada Revenue Agency (“CRA”) contribution rules apply.

7. Contributions to TFSA Accounts and RSP Accounts are subject to the limits imposed by the CRA. The TFSA and RSP contribution limits are as noted on the Client’s most recent Notice of Assessment issued by the CRA. You’re responsible for monitoring your individual contribution limits and ensuring any and all contributions fall within these set CRA limits. By accepting this Offer, you agree to at all times indemnify and hold Tangerine Investments harmless in respect of any penalties or charges imposed upon you as a result of these imposed limits.

Limitations

8. Limit of one Offer per Client. Maximum Bonus amount is $1,000 per Client.

9. Only new Clients to Tangerine Investments are eligible for the Offer. Clients with dormant or inactive Accounts with Tangerine Investments don’t qualify.

10. If Tangerine Investments is unable to run the Offer as planned for any reason, including infection by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures, or any other causes beyond the reasonable control of Tangerine Investments which corrupt or affect the administration, security or proper conduct of this Offer, Tangerine Investments reserves the right at its sole discretion to, without advance notice, terminate or suspend the Offer, in whole or in part, or modify it in any way, which may result in no Bonus being paid to you.

11. Tangerine Investments reserves the right at its absolute discretion to vary, delete or add to any of these Terms and Conditions from time to time without prior notice. In the event of conflict, these Terms and Conditions will prevail over any of the contents of any brochure or other promotional materials advertising this Offer.

12. Tangerine Investments reserves the right to withdraw the Offer in whole or in part, or to vary any of these Terms and Conditions at any time and from time to time without notice at its absolute discretion. Tangerine Investments reserves the right to end the Offer earlier or to extend the Bonus Period further at its absolute discretion.

13. Tangerine Investments reserves the right, at its sole discretion, to suspend, disqualify, limit or revoke this Offer to any person that it finds or believes to be manipulating or otherwise abusing the process, fairness, or integrity of the Offer.

14. You agree that you have read and understood these Terms and Conditions and agree to be bound by them. Any notice offered by us with respect to this Offer is deemed to be provided on the day it’s posted on our website.