Registered Transfer-In Fee Reimbursement Offer Terms & Conditions

General:

1. The Tangerine Registered Transfer-In Fee Reimbursement Offer (the “Offer”) is available to Clients (collectively “Eligible Clients”) of Tangerine Bank and Tangerine Investment Funds Limited (together, “Tangerine”) who successfully transfer in a single transaction at least $15,000 held in an RSP, TFSA or RIF account at another Canadian financial institution (a “Transferring Institution”) to their Tangerine RSP, TFSA or RIF Savings or Investment Fund Account (“Applicable Tangerine Account”) by means of a T2033 Direct Transfer Form (“Eligible Registered Transfers”).

2. Eligible Registered Transfers must be between accounts of the same type. For example, funds from a TFSA at a Transferring Institution must be transferred to a Tangerine Savings or Investment Fund TFSA.

Fee Reimbursement Conditions:

3. Tangerine will reimburse Eligible Clients the amount of any eligible transfer fee (see Section 5) charged to the Eligible Client by the Transferring Institution to make an Eligible Registered Transfer, up to a maximum of $150 (the “Reimbursement Amount”). 

4. The Reimbursement Amount will be based upon the fee schedule for registered transfers published on the Transferring Institution’s publicly accessible website at the time of reimbursement. Where Tangerine is unable to obtain applicable fee information from a Transferring Institution’s website, the Eligible Client may be required to provide evidence (as deemed satisfactory at Tangerine’s sole discretion) of the fee amount that was charged by the Transferring Institution to make the Eligible Registered Transfer. If the Eligible Client is unable to provide satisfactory evidence, Tangerine will determine what is a reasonable Reimbursement Amount at its sole discretion. 

5. Transfer fees eligible for reimbursement under this Offer include only the administrative fee charged by a Transferring Institution to transfer out registered funds and excludes all other fees charged by the Transferring Institution, such as deferred sales charges, trading fees, commissions, or account closure fees.

6. This Offer does not apply to transfers of funds between Tangerine Bank and Tangerine Investment Funds Limited or to Tangerine from any subsidiaries or affiliates of The Bank of Nova Scotia, as such transfers should be completed without fees being charged.

7. The Reimbursement Amount will be paid to the Eligible Client’s Applicable Tangerine Account as additional units of their existing Fund within approximately 5 days of receipt of the Eligible Registered Transfer in the Applicable Tangerine Account. The Reimbursement Amount will be considered a sheltered transfer and won’t impact the Eligible Client’s contribution limits for the applicable registered account. All Canada Revenue Agency (“CRA”) contribution rules apply.

Limitations:

8. The maximum Reimbursement Amount per Eligible Registered Transfer is $150. 

9. Minimum $15,000 Eligible Registered Transfer amount must be processed in one transaction and can’t consist of multiple smaller transfers combined.

10. TFSA and RSP contributions 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 harmless in respect of any penalties or charges imposed upon you as a result of these imposed limits.

11. If Tangerine 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 which corrupt or affect the administration, security or proper conduct of this Offer, Tangerine 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 fee reimbursement being paid to you.

12. Tangerine 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.

13. Tangerine 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.