^♢♢Terms and Conditions

1. The Tangerine Investment Bonus Offer (the “Offer”) is available between November 27, 2025 and March 16, 2026 (the “Offer Period”) to new and existing Tangerine Investment Funds Limited (“Tangerine Investments”) clients.

2. Subject to the conditions below, clients are eligible for a 2% bonus of up to a maximum of $20,000 per Eligible Account (the “Bonus”) on all Eligible Contributions or Transfers with a Net Investment Amount of $25,000 or more to new or existing Eligible Account(s) at Tangerine Investments.

3. Definitions:

i. “Eligible Contributions or Transfers”: All new contributions and/or transfers to your new or existing Eligible Account(s) at Tangerine Investments, provided that:

• Eligible Contributions are funded from a non-registered account at Tangerine Bank (e.g. Tangerine Chequing to Eligible RSP; Tangerine Savings to Eligible TFSA etc.) and/or from a Canadian financial institution other than Tangerine Bank; and

• Eligible Transfers are made from a registered account of the same registered account type at Tangerine Bank (e.g. Tangerine RSP Savings to Eligible RSP; Tangerine TFSA Savings to Eligible TFSA etc.) and/or from a Canadian financial institution other than Tangerine Bank (e.g. TFSA to Eligible TFSA; RRSP to Eligible RSP etc.).

ii. “Net Investment Amount”: The combined sum of all Eligible Contributions or Transfers initiated within the Offer Period and successfully funded in your Eligible Account(s) by May 29, 2026, minus any transfers out or redemptions from the Eligible Account(s) within the same period. For the purposes of calculating the Net Investment Amount, the market value upon the receipt of each Eligible Contribution or Transfer will be used to determine eligibility.

iii. “Eligible Accounts”: RSP Investment Fund Accounts (including Spousal RSPs) (each an “Eligible RSP”), LIRA Investment Fund Accounts (each an “Eligible LIRA”), Tax-Free Investment Fund Accounts (each an “Eligible TFSA”), Non-Registered Investment Fund Accounts (including Joint -Accounts) (each an “Eligible Non-Registered Account”), RIF Investment Fund Accounts (including Spousal RIFs) (each an “Eligible RIF”) and LIF Investment Fund Accounts (each an “Eligible LIF”) held with Tangerine Investments.

iv. “Eligible Portfolios”: Tangerine Balanced Income Portfolio, Tangerine Balanced Portfolio, Tangerine Balanced Growth Portfolio, Tangerine Dividend Portfolio, Tangerine Equity Growth Portfolio, Tangerine Balanced Income ETF Portfolio, Tangerine Balanced ETF Portfolio, Tangerine Balanced Growth ETF Portfolio, Tangerine Equity Growth ETF Portfolio, Tangerine Balanced Income SRI Portfolio, Tangerine Balanced SRI Portfolio, Tangerine Balanced Growth SRI Portfolio, Tangerine Equity Growth SRI Portfolio, and Tangerine Money Market Funds.

v. “Total Portfolio Amount”: The Net Investment Amount plus any existing balances held in your Eligible Account(s) at the start of the Offer Period.

4. To Qualify for the Bonus: 

i. During the Offer Period, initiate one or more Eligible Contributions or Transfers with a Net Investment Amount of $25,000 or more in your new or existing Eligible Account(s).

ii. Maintain your Total Portfolio Amount until June 15, 2026.

For example, if you successfully funded $500,000 into your new or existing Eligible RSP Account(s) before March 16, 2026, and redeemed or transferred-out $25,000 within the same period, your Bonus will be based on the remaining Net Investment Amount of $475,000 ($500,000 - $25,000).

5. How the Bonus will be Calculated and Paid Out:

i. The Bonus will be calculated as 2% of the Net Investment Amount held in your Eligible Account(s) as of June 15, 2026, up to a maximum bonus of $20,000 per Eligible Account.

ii. The Bonus will be paid in equal monthly payments over thirty (30) months (the “Bonus Payout Period”) to your Eligible Account(s) in the case of Eligible RSPs, Eligible TFSAs, and Eligible Non-Registered Accounts. In the case of Eligible LIRAs, Eligible RIFs, and Eligible LIFs, you must have an open Tangerine Chequing or Savings Account, in good standing, into which the Bonus will be deposited. Payments will be made within five (5) business days following the 15th of each month, commencing June 15, 2026.

Using the example above, if your Net Investment Amount is $500,000, and you have maintained your Total Portfolio Amount until June 15, 2026, you will be eligible for a $10,000 Bonus, paid out at $333.33 per month ($500,000 x 2% / 30).

iii. If during the Bonus Payout Period you redeem or transfer out funds from your Eligible Account(s), reducing your Total Portfolio Amount, future monthly Bonus payments will be reduced proportionally based on the amount redeemed or transferred out. A snapshot of the balances of your Eligible Account(s) will be taken on the 15th of every month to determine any adjustments to future monthly Bonus payments. Once monthly Bonus payments have been adjusted, subsequent contributions or transfers into your Eligible Account(s) will not increase the remaining Bonus payments. Previous installments will not be clawed back. For example:

If you successfully funded a Net Investment Amount of $500,000 into your Eligible RSP during the Offer Period, you qualify for a $10,000 Bonus, paid out in monthly installments of $333.33. If you redeem or transfer out $25,000 during the Bonus Payout Period, your future monthly Bonus payments will be adjusted to $316.67 ($475,000 x 2% / 30). Please note that subsequent purchases or sheltered transfers in during the Bonus Payout Period would not increase this reduced Bonus payout.

iv. In the case of Eligible RSPs, Eligible TFSAs, and Eligible Non-Registered Accounts, the monthly Bonus payments will be issued as additional units of the Eligible Portfolio(s) that you own as of the date the Bonus payments are processed. In the case of Eligible LIRAs, Eligible RIFs, and Eligible LIFs, the monthly Bonus will be made in cash and deposited directly into your Tangerine Chequing or Savings Account. It may take up to 3 business days after the Bonus payment for the transaction to be reflected in your account. v. If you make Eligible Contributions or Transfers to more than one Eligible Account of the same account type (e.g. more than one Eligible RSP), in the case of Eligible RSPs, Eligible TFSAs, and Eligible NonRegistered Accounts, your Bonus payment will be made to the Eligible Account with the lowest account number.

v. If you make Eligible Contributions or Transfers to more than one Eligible Account of the same account type (e.g. more than one Eligible RSP), in the case of Eligible RSPs, Eligible TFSAs, and Eligible NonRegistered Accounts, your Bonus payment will be made to the Eligible Account with the lowest account number.

6. General Terms:

i. You can initiate and complete multiple Eligible Contributions or Transfers to reach the minimum $25,000 Net Investment Amount. Eligible Contributions and Transfers across multiple account types cannot be aggregated to reach the $25,000 minimum.

ii. Each client is eligible for only one (1) Offer per Eligible Account type. The maximum Bonus amount is $20,000 for Eligible RSP(s), $20,000 for Eligible LIRA(s), $20,000 for Eligible TFSA(s), $20,000 for Eligible RIF(s), $20,000 for Eligible LIF(s), and $20,000 for Eligible Non-Registered Account(s).

For example, if you successfully funded $1,000,000 into your Eligible Non-Registered Account(s), $100,000 into your Eligible TFSA Account(s), $500,000 into your Eligible RSP Account(s) and $250,000 into your Eligible LIRA Account(s), the Total Portfolio Amount to maintain during the Bonus Payout Period will be $1,000,000 into your Eligible Non-Registered Account(s), $100,000 in your Eligible TFSA Account(s), $500,000 in your Eligible RSP Account(s) and $250,000 into your Eligible LIRA Account(s). You will be eligible for a $20,000 Bonus paid out in monthly installments of $666.67 ($1,000,000 x 2% / 30), a $2,000 Bonus paid out in monthly installments of $66.67 ($100,000 x 2% / 30) into your Eligible TFSA Account, a $10,000 Bonus paid out in monthly installments of $333.33 ($500,000 x 2% / 30) into your Eligible RSP Account and, for your Eligible LIRA Account, a $5,000 Bonus paid out in monthly installments of $166.67 into your Tangerine Chequing or Savings Account.

iii. Funds transferred in from another Canadian financial institution must be processed through a transfer form and the form must be initiated and submitted online or with a Tangerine Advisor and received by Tangerine Investments by March 16, 2026. The other financial institution must deliver the transferred funds to Tangerine Investments by May 29, 2026.

iv. Your financial institution may charge fees for transferring your registered account(s) to Tangerine Investments. As part of this Offer, Tangerine Investments will reimburse administrative transfer fees up to a maximum of $150. To receive the reimbursement, you must submit a statement from your financial institution displaying the incurred transfer fees within 60 days of the Offer Period ending by emailing tangerineinvestmentfunds@tangerine.ca. The reimbursement will be issued as additional units of the Eligible Portfolio(s) that you own.

v. For the Bonus to be paid, the applicable Eligible Account must be open and in good standing at the time each Bonus payment is made. For purposes of this Offer, an Eligible Account is not in ‘good standing’ if the account holder is in breach of the Tangerine Investment Fund Account Terms. 

vi. Clients are responsible to confirm their contribution limits prior to making any contribution to their Eligible Account(s). The Bonus will not be considered a contribution and therefore will not impact a client’s applicable registered plan contribution limit. Tangerine Investments is not responsible for any contribution over a client’s limit in connection with this Offer. Clients should consult with a tax advisor to discuss any tax implications in connection with this offer and clients are responsible for any required tax reporting.

vii. The Offer is non-transferrable, non-saleable, may not be exchanged for cash and may not be duplicated. The Offer may be changed, cancelled, or extended at any time without prior notice.

viii. Tangerine Investments reserves the right, at its sole discretion, to suspend disqualify, limit or revoke this Offer to any person that it finds, suspects or believes to be manipulating or gaming the system, or otherwise abusing the process, fairness, or integrity of the Offer and reserve the right to recover the Bonus payments previously made.

¹A fund's expenses are made up of the management fee (including trailing commission), operating expenses, trading costs, and fixed administration fee. The annual management fee is 0.80% of each Tangerine Core Portfolio, 0.50% of each Tangerine Global ETF Portfolio, and 0.55% of each Tangerine Socially Responsible Global Portfolio. The fixed administration fee is the same for all Tangerine Portfolios and is 0.15% of each Portfolio’s value.

²Diversification does not guarantee a profit or eliminate the risk of loss.

**Performance, rank and category information are at October 31, 2025

The returns for the 3 year, 5 year, 10 year, and Since Inception periods are annualized

The Morningstar quartile ranking reflects performance as of October 31, 2025, and is subject to change monthly. Morningstar is an independent organization that groups mutual funds with generally similar investment objectives for comparison purposes and ranks them on a historical basis. These rankings are broken into quarters or quartiles. Within a group, the top 25% (or quarter) of the funds are in the first quartile, the next 25% are in the second quartile, the next group in the third quartile, and the bottom 25% of funds with the poorest relative performance are in the fourth quartile. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. For more details on the calculation of Morningstar, see www.morningstar.ca. © 2025 Morningstar Research Inc. All Rights Reserved.

Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments including ETFs. Please read the prospectus before investing. Mutual funds and ETFs are not guaranteed or insured by the Canada Deposit Insurance Corporation or any other government deposit insurer, their values change frequently, and past performance may not be repeated.

The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or incomes taxes payable by any securityholder that would have reduced returns.

Deposits to TFSA and RSP Accounts are subject to the limits imposed by the Canada Revenue Agency (CRA). You are fully responsible for monitoring your individual contribution limits and ensuring any and all deposits fall within these set CRA limits.

The information provided is not intended to be investment advice. Investors should consult their own professional advisor for specific investment and/or tax advice tailored to their needs when planning to implement an investment strategy to ensure that individual circumstances are considered properly and action is taken based on the latest available information. 

Tangerine Investment Funds are managed by 1832 Asset Management L.P. Tangerine Investment Funds Limited is the principal distributor of Tangerine Investment Funds. Tangerine Investment Funds Limited and 1832 Asset Management L.P. are wholly owned subsidiaries of The Bank of Nova Scotia. All banking products and services are offered by Tangerine Bank.