You can transfer and invest into any of the following HIFC accounts that invest only in WSP or WSDF to participate in this bonus offer:
- RRSP account (including spousal RRSP)†
- RRIF account†
- TFSA account†
- Non-registered Accounts (sole or joint)
- Non-personal Accounts (business, partnership or trust)
(RESP and locked-in registered accounts do not qualify for this bonus offer.)
† You are solely responsible for knowing your contribution limits for your TFSA, RRSP or other Registered Plan account(s).
When must I transfer and invest my money by?
- Complete and provide us the bonus offer form and, if applicable, the transfer in authorization or transaction form by August 14, 2021 for any of the above listed HIFC accounts and you’ll be eligible to receive our special bonus*.
- Amounts transferred from an HSBC Bank account must be invested by August 14, 2021.
- Any transfer in amount from an external financial institution must be received by HIFC and invested by September 14, 2021.
- The investment amount must remain invested in each applicable bonus eligible account until at least August 13, 2022 (inclusive).
Am I able to withdraw any of my money during the offer period?
- If you withdraw, deregister, or transfer any assets out of your bonus eligible account(s), these amounts will be subtracted from the value of your assets used to qualify for the bonus offer, and if reduced below $50,000, before August 13, 2022, you will not qualify for the Initial Investment Bonus.
How is the Bonus Amount calculated?
- We group together all amounts invested in HIFC non-registered accounts (sole and joint) and calculate the bonus amount against the net total investment amount at the end of the offer period.
- For amounts invested in registered accounts and non-personal accounts, we pay the bonus amount against the amount invested in each of these accounts.