New clients get up to $10,000 cash and $4.99 stock and ETF commission pricing when they open and fund a Scotia iTRADE account*.
Scotia iTRADE offers a range of accounts to meet your investment goals
Registered accounts
Defer tax payments, compound investments, earn tax-free income, and save for your child's post-secondary education.
Non-registered accounts
Can play an important role in your overall investment strategy, especially if you’ve maxed out a registered accounts.
Non-personal accounts
Lets you manage your business's financial needs by choosing from a wide variety of investment products and service.
Practice account
Build your investing skills and test our trading platforms without using real money.
Need help opening an account?
Want to open an account in person?
To meet with us in person, bring your documentation and drop by to speak with a Relationship Manager from our dedicated Scotia iTRADE team.
In branch
Visit a Scotiabank branch near you.
Scotia iTRADE Investor Information Centre
Scotia Plaza
44 King Street West - Lower Concourse
Toronto, Ontario
M5H 1H1
Hours of Operation:
Mon-Fri
9:00am-5:00pm EST
*Conditions apply. Offer valid for new Scotia iTRADE® clients and applies to new accounts.
How to Qualify for the tiered cash offer of up to $5,000
If you
(i) open and enroll in this offer with one or more new Scotia iTRADE account(s) (each, a “New Account”) by March 31,2025 and fund the New Account(s) by April 30,2025 with at least the equivalent of CAD $1,000/$5,000/$10,000/$25,000/$50,000/$100,000/$250,000/
$500,000/$1,000,000 with net new value in cash or/and assets (cheque deposit, electronic funds transfer or transfer of assets) (“Qualifying Amount”) from an account that is held outside of Scotia iTRADE but within the Scotiabank Group of Companies, as defined below (the “Scotiabank Transfer-in”) and
(ii) then maintain the Qualifying Amount in assets that you deposited in your New Account(s) (subject to the Qualifying Amount calculation condition) during the entire period between April 30,2025 and April 30, 2026, then
CAD $25/$25/$50/$125/$250/$500/$1,250/$2,500/$5,000 (respectively, based on the Qualifying Amount funded, subject to the Qualifying Amount calculation condition) will be deposited directly into your applicable account by May 30, 2026. The cash reward will be deposited into your non-registered account, and if you don’t have non-registered accounts then into your registered account.
If you fund your New Account with the equivalent of CAD $1,000 or more by April 30, 2025, then in addition to the cash reward, you will also receive commission pricing of $4.99 flat per Canadian or U.S. equities/ ETF trade and $4.99 + $1.25/contract for each options trade in your New Account(s) until April 30, 2026. New qualification status will be effective weekly on the first business day of each week (from November 11, 2024 to May 5, 2025) after you satisfy all the eligibility requirements for this offer. If you already qualify for the commission of $4.99 per trade, your entitlement will not be affected by this offer.
“Scotiabank Group of Companies” means The Bank of Nova Scotia and all of its subsidiaries and affiliates (including, but not limited to, Scotiatrust®, ScotiaMcLeod®, Private Investment Counsel, 1832 Asset Management L.P., MD Financial Management, Jarislowsky, Fraser Limited and Tangerine).
Qualifying Amount calculation condition for this tiered cash offer (unless this offer is combined with the 1 percent cash offer, in which case the Combined Qualifying Amount calculation condition will apply, as described below): Qualification will be based on the combined net new assets in all eligible accounts held by a client that were transferred in Scotiabank Transfers-in. If you withdraw or transfer out assets from any of your Scotia iTRADE accounts at any time during the period between November 4, 2024 and April 30, 2026 (“Qualifying Period”), the amounts of such assets will be subtracted from the value of your Qualifying Amount for the purposes of determining your entitlement for the specific tier of cash reward and for the $4.99 commission pricing on stock and ETF trades.
How to Qualify for the 1% cash offer
If you
(i) open and enroll in this offer with one or more new Scotia iTRADE account(s) (each, a “New Account”) by March 31, 2025 and fund the New Account(s) by April 30, 2025 with at least the equivalent of CAD $1,000 with net new value in cash or/and assets (cheque deposit, electronic funds transfer or transfer of assets) (“Qualifying Amount”) from an account held at a financial institution outside of the Scotiabank Group of Companies, as defined above (“External Transfer-in”) and
(ii) then maintain the Qualifying Amount in assets that you deposited in your New Account(s) (subject to the Qualifying Amount calculation condition) during the entire period between April 30, 2025 and April 30, 2026, then an amount equal to 1% of the Qualifying Amount (subject to the Qualifying Amount calculation condition) will be deposited directly into your applicable account by May 30, 2026 (a minimum of CAD $25 and a maximum CAD $10,000). The cash reward will be deposited into your non-registered account, and if you don’t have non-registered accounts then into your registered account.
If you fund your New Account with the equivalent of CAD $1,000 or more by April 30, 2025, then in addition to the cash reward you will also receive commission pricing of $4.99 flat per Canadian or U.S. equities/ ETF trade and $4.99 + $1.25/contract for each options trade in your New Account(s) until April 30, 2026. New qualification status will be effective weekly on the first business day of each week (from November 11, 2024 to May 5, 2025) after you satisfy all the eligibility requirements for this offer. If you already qualify for the commission of $4.99 per trade, your entitlement will not be affected by this offer.
Qualifying Amount calculation condition for this 1% cash back offer (unless this offer is combined with the tiered cash offer, in which case the Combined Qualifying Amount calculation condition will apply, as described below): Qualification will be based on the combined net new assets in all eligible accounts held by a client that were transferred in External Transfers-in. If you withdraw or transfer out assets from any of your Scotia iTRADE accounts at any time during the period between November 4, 2024 and April 30, 2026 (“Qualifying Period”), the amounts of such assets will be subtracted from the value of your Qualifying Amount for the purposes of determining your entitlement for the specific amount of cash reward and for the $4.99 commission pricing on stock and ETF trades.
Example
Client deposits $100,000 in External Transfers-in before April 30, 2025 and then withdraws $40,000 during the Qualifying Period from any Scotia iTRADE accounts.
External Transfer In | $100,000 |
Transfer Out | -$40,000 |
Qualification Amount | |
$60,000 | |
Cash Reward | |
1% cash back | $600 |
Combined Qualifying Amount calculation condition for combined tiered cash offer and 1% cash back offer:
a. Qualification will be based on the combined net new assets in all eligible accounts held by a client transferred in from accounts held outside of Scotia iTRADE. If you withdraw or transfer out assets from any of your Scotia iTRADE accounts at any time during the period between November 4, 2024 and April 30, 2026 (“Qualifying Period”), the amounts of such assets will be subtracted from the value of your Qualifying Amount for the purposes of determining your entitlement for the specific tier/amount of cash reward and for the $4.99 commission pricing on stock and ETF trades.
Example
Client transfers in $50,000 in External Transfers-in, then transfers in $40,000 in Scotiabank Transfers-in
Deposits from another Financial Institution | Deposits from Scotiabank Group of Companies | |
Transfer In | $50,000 | $40,000 |
Qualification Amount (subject to Combined Qualifying Amount calculation condition) | ||
$50,000 | $40,000 | |
Cash Reward | ||
1% cash back $500 |
Tiered cash back $125 |
b. The combined amounts transferred out during the Qualifying Period to any accounts held outside of Scotia iTRADE but within the Scotiabank Group of Companies ("Scotiabank Transfers-out") will be subtracted from the combined net new assets of Scotiabank Transfers-in for the purposes of calculating the Qualifying Amount.
Example
Client transfers in $50,000 in External Transfers-in and $40,000 in Scotiabank Transfers-in and then transfers out $10,000 in Scotiabank Transfers-out during the Qualifying Period.
Deposits from and withdrawals to another Financial Institution | Deposits from and withdrawals to Scotiabank Group of Companies | |
Transfer In | $50,000 | $40,000 |
Transfer Out | -$10,000 | |
Qualification Amount | ||
$50,000 | $30,000 | |
Cash Reward | ||
1% cash back $500 |
Tiered cash back $125 |
c. The combined amounts transferred out during the Qualifying Period to any accounts held with any financial institutions outside of the Scotiabank Group of Companies ("External Transfers-out”) will be subtracted from the combined net new assets of External Transfers-in for the purposes of calculating the Qualifying Amount.
d. If the combined amount of Scotiabank Transfers-out is greater than the combined amount of Scotiabank Transfers-in, then the difference will be subtracted from the combined amount of External Transfers-in for the purposes of calculating the Qualifying Amount.
Example:
Client transfers in $100,000 in External Transfers-in and $40,000 in Scotiabank Transfers-in and then transfers out $50,000 in Scotiabank Transfers-out.
Deposits from and withdrawals to another Financial Institution | Deposits from and withdrawals to Scotiabank Group of Companies | |
Transfer In | $100,000 | $40,000 |
Transfer Out | -$50,000 | |
Total Amount Deducted | -$40,000 | |
Qualification Amount | ||
$90,000 | $0 | |
Cash Reward | ||
New Clients | 1% cash back $900 |
Tiered cash back $0 |
e. If the combined amount of External Transfers-out is greater than the combined amount of External Transfers-in, then the difference will be subtracted from the combined amount of Scotiabank Transfers-in for the purposes of calculating the Qualifying Amount.
f. If it is unclear whether the transfer out is a Scotiabank Transfer-out or an External Transfer-out (“Neutral Transfer-out"), the amount of such Neutral Transfer-out will first be subtracted from the amount of combined Scotiabank Transfers-in, and if the amount of such Neutral Transfer-out is greater than the amount of combined Scotiabank Transfers-in, the difference will be subtracted from the amount of combined External Transfers-in for the purposes of calculating the Qualifying Amount.
General Terms and Conditions
1. New clients opening a new account must enter the promotional code WN25 for the cash and $4.99 stock and ETF commission pricing offer (if applicable) when submitting the New Account application to enroll by March 31, 2025.
2. Non-personal accounts have to be enrolled separately from personal accounts. Once you enroll one or more new personal account(s) all your Scotia iTRADE personal accounts will be considered to be enrolled for the purpose of the Qualifying Amount calculation condition. Once you enroll one or more new non-personal account(s) all your Scotia iTRADE non-personal accounts will be considered to be enrolled for the purpose of the Qualifying Amount calculation condition.
3. Any request to enroll received after March 31, 2025 will not qualify for this promotion. To qualify for this offer, you must maintain all of your accounts at Scotia iTRADE in good standing, not be in a disallowed debit position and not have any outstanding margin calls due. This offer has no cash redemption value. This offer cannot be transferred or combined with StartRight and Affinity offers.
4. For clients enrolled in two overlapping offers (the offer ending December 31, 2024 and the offer starting November 4, 2024), for the period between November 4, 2024 and December 31, 2024 only, any amounts of transfers-out will be applied to the calculation of the Qualifying Amount for the latest offer, which starts on November 4, 2024. If the amount of the transfers-out during this period is greater than the amount of transfers-in during this period then the difference will be applied to the calculation of the Qualifying Amount for the earlier promotional offer.
5. For any transfer-in of US funds or US securities, the foreign exchange rate applicable on the date of such transfer-in will be used for calculating the funded amount in Canadian dollars.
6. RESP Grants, interest, dividends, standard market fluctuations, and account fees will be excluded from calculations used to qualify accounts.
7. Limited to one offer per client for all such client’s personal accounts and one offer per client for all such client’s non-personal accounts. In case of joint account(s) only the primary account holder will be entitled to receive cash back and $4.99 commission pricing.
8. Scotia iTRADE reserves the right to charge you all or part of the reduction in the rate of commission per trade, if the conditions of the offer, including but not limited to, the requirement to maintain the appropriate Qualifying Amount in your New Account(s) during the Qualifying Period, are not complied with. Scotia iTRADE reserves the right to modify and/or cancel this offer at any time without notice in its sole discretion.
There may be tax implications associated with the payment of the cash reward into your Scotia iTRADE account(s). Scotia iTRADE will not be issuing clients a tax slip to report the cash reward paid. You will be solely responsible for any required tax reporting and any tax consequences associated with the offer. Please consult with your accountant or personal tax advisor for more information and additional guidance.