Ways to save on trading commissions

Account holders who have a Scotia iTRADE account (except for corporate and non-personal Scotia iTRADE accounts) qualify to be credited with the commissions associated with their first 10 online commissionable trades of equities, options, debentures ($24.99 per debenture trade) or ETFs (“Eligible Securities”) placed across all account holder(s)’ Scotia iTRADE accounts within the calendar year when they open the Ultimate Package account. In the second calendar year and thereafter, account holders qualify to be credited with the commissions associated with their first 5 online commissionable trades of Eligible Securities placed across all their Scotia iTRADE accounts during each year. Both the Ultimate Package account and Scotia iTRADE accounts must be in good standing on the last day of every month. Credits will be applied to the account holder’s non-registered Scotia iTRADE account, and, in its absence, to the account holder’s registered Scotia iTRADE account in CAD currency (converted from USD to CAD for trades executed in USD, using the applicable foreign exchange rate) within the first 10 business days of the month following the trades. To be eligible, the primary or joint account holder of the Ultimate Package account can be either the primary or joint account holder of the Scotia iTRADE account. Credits will appear as $4.99 or $9.99 per trade depending on the account trading activity: standard commissions are $9.99, if more than 150 trades are placed per quarter commissions are valued at $4.99 per trade, debenture commissions are valued at $24.99 per trade. Trades executed by a Trading Authority in the Scotia iTRADE account are also eligible. To qualify you must not be in a disallowed debit position in your Scotia iTRADE accounts and not have any outstanding margin calls due in your Scotia iTRADE accounts. No cash redemption value. Free trades are limited to one per client. Only one account holder per each joint Ultimate Package account will be entitled to receive the credits for 10 or 5 free trades, as applicable, into their Scotia iTRADE account.

As of January 1, 2023, new and existing Preferred Package bank account holders who open a new Scotia iTRADE account for the first time qualify for the following benefit:

• Trade one get one free using the Scotia iTRADE Mobile App: Receive a rebate for the commissions incurred for every second eligible commissionable trade placed through the Scotia iTRADE Mobile App (up to a maximum of 20 in the first calendar year, and 10 in the second calendar year and thereafter while the Scotia iTRADE customer is a Preferred Package bank account holder).  The rebate relating to options will be applied to base commissions only.

As of January 1, 2023, new and existing Preferred Package bank account holders who have an existing Scotia iTRADE account qualify for the following benefit:

• Trade one get one free using the Scotia iTRADE Mobile App: Receive a rebate for the commissions incurred for every second eligible commissionable trade placed through the Scotia iTRADE Mobile App (up to a maximum of 10 in the first calendar year and thereafter while the Scotia iTRADE customer is a Preferred Package bank account holder).  The rebate relating to options will be applied to base commissions only.

Trade one get one free rebates: The rebate will be applied to the account holder’s non-registered Scotia iTRADE account, or in its absence, their registered Scotia iTRADE account, in CAD currency (converted from USD to CAD for trades executed in USD, using the applicable foreign exchange rate) within the first 10 business days of the month following the month that the trades were executed.

Eligibility & Exclusions:

• Eligible commissionable trades include stocks, ETFs, options placed across all Preferred Package account holder(s)’ Scotia iTRADE accounts within the calendar year since the later of January 1, 2023 and the time when a client opens a Scotia iTRADE account.
• Corporate and non-personal Scotia iTRADE accounts are not eligible.
• Joint Preferred Package account holders are collectively entitled to the rebates for the total of the first 10 or 20 (as applicable) eligible trades fulfilled within their Scotia iTRADE accounts as between joint Preferred Package account holders regardless of whether or not such Scotia ITRADE accounts are sole or joint with other people.
• Both the Preferred Package bank account and Scotia iTRADE accounts must be in good standing on the last day of every month.
• The Scotia iTRADE account must not be in a disallowed debit position and must not have any outstanding margin calls due.
• No cash redemption value.
• This offer can be combined with other Scotia iTRADE programs (excluding Student Banking Advantage Plan offer) and campaigns unless otherwise specified. Should free trade rebates be awarded for the other programs and campaigns, those free trades will be applied first until fully consumed before applying Preferred Package free trades rebate.

Refers to Scotia iTRADE's brokerage commission for online trade execution only. Does not take into account fees, charges, expenses or commissions imposed by the fund companies, all of which can be associated with ETF investments. You should carefully consider the fund's investment objectives, risks, fees, charges, expenses and commissions before investing. The prospectus contains this and other important information about the fund. Please read the prospectus carefully before investing. Funds are not guaranteed, their values change frequently and past performance may not be repeated. In order to qualify for our "commission-free ETFs" offer ("Eligible ETFs") trades of Eligible ETFs must be placed online or by phone via Teletrader. You will be charged our regular equity commission depending on the pricing tier for which you qualify (see online fee schedule) on the sale of any Eligible ETFs held for less than 1 business day. Add $65.00 for telephone representative-assisted trades. Scotia iTRADE reserves the right to modify or cancel this offer at any time without notice.

Please note that this list of Eligible ETFs is subject to change without notice. The links to the ETF issuers’ websites are provided as a convenience only and are not to be construed as investment advice or as a recommendation to buy, sell or hold any particular security or to follow any particular investment strategy. No ETF product, or any information provided by or available through any ETF provider, or through any of their respective websites, has been endorsed, validated or approved by Scotia Capital Inc. or its affiliates, and neither Scotia Capital Inc. nor any of its affiliates is responsible or liable therefore, or for any third-party products, services, opinions, information or prospectus content of any ETF providers. Scotia iTRADE does not provide investment advice or recommendations, and you are responsible for your own investment decisions.

Conditions apply. Offer valid for new Scotia iTRADE® accounts, excluding Cash Optimizer Investment accounts, opened by new Scotia iTRADE clients who do not already have an existing account with Scotia iTRADE. If you open one or more NEW Scotia iTRADE account(s) (each, a "New Account") and fund the New Account(s) within 60 days of opening the New Account(s) with at least CAD $1,000 in cash or in Net Equity (cheque deposit, electronic funds transfer or transfer of assets) ("Minimum Amount"), from an account that is not held at Scotia iTRADE, (1) the commissions associated with the first 10 online commissionable trades of Equities, Options and ETFs placed within 365 days of the date when you funded your New Account(s) with the Minimum Amount will be credited back to the corresponding New Account within 30 days of each order fill, to a maximum amount of $9.99 per trade in the currency of the account (maximum total commission rebate of $99.90), (2) the amount of the transfer-in fee charged by another Canadian broker will be credited to your New Account (up to $150 per client) subject to Scotia iTRADE's receipt of the documentation evidencing such transfer-in fee. Scotia iTRADE reserves the right to charge you all or part of the commissions associated with the first 10 online trades completed within 365 days of funding your New Account(s) (when such commissions were previously credited back to your New Account(s)) if the conditions of the offer 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. Clients must enter the promotional code SRPE15 (English) or SRPF15 (French) when submitting the New Account application to qualify. To qualify for this offer, you must satisfy Scotia iTRADE's Canadian residency requirements, have a valid Social Insurance Number, be eligible to open a Scotia iTRADE account, 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 any other promotional offer (excluding Refer-a-Friend). Limited to one offer per client. In case of joint account only one account holder will be entitled to receive free equity trades.

If you ("Referring Friend") choose to refer our services to your friends (each, a "Referred Friend"), we will indicate in our communication to your Referred Friend that we are contacting the Referred Friend as a result of your referral and that you will be eligible to (i) receive a referral fee of $50 or $100 (depending on the amount funded in the Referred Friend(s)' account(s)) from Scotia iTRADE, credited to your Scotia iTRADE brokerage account or mailed as a cheque to you as described below or (ii) have the commissions associated with your first 10 or 50 trades (depending on the amount funded in the Referred Friend(s)' account(s)) placed within 60 days of the first business day of the calendar month after the account of the Referred Friend is activated and funded with at least $10,000 in net equity), waived by Scotia iTRADE to a maximum of $9.99 per trade in the currency of the account (maximum total amount of waived commissions from this offer is $499.50, maximum number of free equity trades during any 60-day period is 250 trades) in the event that your eligible and qualifying friend whom you have referred, who does not already have a Scotia iTRADE account and did not have a Scotia iTRADE account in the previous 6 months, chooses to open his/her new Scotia iTRADE account(s) (other than Cash Optimizer Account)2016within 180-days of the receipt of the referral, funds the account(s) with at least $10,000 in net equity (transfer of assets must come from outside of Scotia iTRADE) within 60 days of opening such account(s) and maintains a minimum balance of $10,000 in net equity in the account(s) for 60 days after funding the account(s).

By participating in this Refer-A-Friend Program, (i) you are deemed to consent to the payment by Scotia iTRADE to you of the aforementioned referral fee or waiver of the trade commissions and to the collection, use and disclosure of your personal information in accordance with the Scotiabank Group Privacy Agreement ("Policy"), as such Policy may be amended, a copy of which can be found at www.scotiaitrade.com, and (ii) you confirm that you have received the consent of each friend whom you are referring, to provide his/her name and contact information to Scotia iTRADE.

Offer not valid for residents of Quebec or Manitoba, non-Canadian residents, or for employees of Scotia Capital Inc. or its affiliates.

Offer not valid if the Referred Friend resides at the same address as the Referring Friend.

Offer not valid if the Referring Friend completed the referral lead capture form after the Referred Friend opened Scotia iTRADE account(s).

The Referring Friend will be eligible to (i) receive a $50 or $100 credit (depending on the amount funded in the Referred Friend(s)' account(s)) in his/her existing Scotia iTRADE brokerage account or, if the Referring Friend only has a registered account with Scotia iTRADE, have a cheque in the amount of the cash incentive mailed to him/her (ii) have the commissions associated with the Referring Friend's first 10 or 50 trades (depending on the amount funded in the Referred Friend(s)' account(s)) placed within 60 days of the first business day of the calendar month after the account of the Referred Friend is activated and funded with at least $10,000 in net equity), waived by Scotia iTRADE to a maximum of $9.99 per trade in the currency of the account (maximum total amount of waived commissions from this offer is $499.50, maximum number of free equity trades during any 60 day period is 250 trades) for each eligible and qualifying friend (who is not already a customer of Scotia iTRADE and was not a customer of Scotia iTRADE in the previous 6 months) who is referred by the Referring Friend and who opens his/her new Scotia iTRADE account(s)(other than Cash Optimizer Account) 2016within 180-days of the receipt of the referral, funds the account(s) with at least $10,000 in net equity (transfer of assets must come from outside of Scotia iTRADE) within 60 days of opening such account(s) and maintains a minimum balance of $10,000 in net equity in the account(s) for 60 days after funding the account(s).

If the net equity in the Referred Friend's account(s) falls below $10,000 during the 60 days after funding the account(s) due to market fluctuations, the Referring Friend and the Referred Friend still qualify for the incentive. If the net equity in the Referred Friend's account(s) falls below $10,000 during the 60 days after funding the account(s) due to withdrawals, the Referring Friend and the Referred Friend will not qualify for the incentive.

Cash incentive payments will be deposited in the accounts of the Referring Friend (unless the Referring Friend only has a registered account with Scotia iTRADE) and Referred Friend in the calendar month after the Referred Friend meets the qualification criteria. If the Referring Friend only has a registered account with Scotia iTRADE, a cheque in the amount of the cash incentive will be mailed to the Referring Friend in the calendar month after the Referred Friend meets the qualification criteria.

No more than one Referring Friend may be eligible to receive the $50 or $100 referral fee or 10 or 50 free equity trades in respect of any Referred Friend's account to which this offer applies. Referring Friends may only refer up to 100 Referred Friends under this offer.

The qualifying new account holder: (a) who has been referred to Scotia iTRADE by a current Scotia iTRADE customer as set out above and in accordance with Scotia iTRADE's criteria, (b) who does not already have a Scotia iTRADE account and did not have a Scotia iTRADE account in the previous 6 months, and (c) who opens his/her new Scotia iTRADE account(s) (other than Cash Optimizer Account) 2016within 180-days of the receipt of the referral, funds the account(s) with at least $10,000 in net equity (transfer of assets must come from outside of Scotia iTRADE) within 60 days of opening such account(s) and maintains a minimum balance of $10,000 in net equity in the account(s) for 60 days after funding the account(s), will be eligible: (i) to have the commissions associated with such new account holder's first 10 or 50 trades (depending on the amount funded in such new account(s)) placed within 60 days of the first business day of the calendar month after the date the account is activated and funded with at least $10,000 in net equity), waived by Scotia iTRADE to a maximum of $9.99 per trade in the currency of the account (maximum total amount of waived commissions from this offer is $499.50) or (ii) receive $50 or $100 (depending on the amount funded in such new account(s)) deposited directly into such new account holder's Scotia iTRADE account, other than Cash Optimizer Account (collectively "Program Reward").

Waived trade commissions and other Scotia iTRADE offers have no cash redemption value. This offer can be combined with other promotional offer (certain limitations may apply).

You, as Referring Friend, grant Scotia iTRADE your consent to use your name and email address and disclose the fact of your referral of the Referred Friend in the process of contacting your Referred Friends by email and phone. You agree not to use any false email addresses, mailing addresses, or names for this Refer-A-Friend program.

Referring Friend must have a qualifying investment account in good standing. This offer is not valid if there are any outstanding margin calls or any outstanding documentation relating to the account of the Referring Friend.

Referred Friend has the opportunity to opt out of the Refer-A- Friend program ("Program"). If Referred Friend opts out of the Program, then Referring Friend is no longer eligible for a Program Reward for that referral.

Program participants must operate in good faith, and participants must have the intention of maintaining a brokerage relationship with Scotia iTRADE.

Scotia iTRADE reserves the right to modify and/or terminate this offer at any time without notice.

Scotia iTRADE reserves the right to disqualify any user from the Program at any time, for any reason.

Scotia iTRADE reserves the right to limit the number of referrals per client at its discretion.

Program Rewards are paid only as credits to the client's qualifying Scotia iTRADE account or, in the case of the cash incentive, mailed as a cheque to a Referring Friend who only has a registered account with Scotia iTRADE. No other forms of payment will be made. (i.e. Scotia iTRADE will not forward the amount via cheque or Electronic Funds Transfer, except mailing a cheque to a Referring Friend who only has a registered account with Scotia iTRADE, as described above).

If payment is made in error, or is determined to be the result of deceptive practices, Scotia iTRADE reserves the right to decline or reverse payment or charge the amount of waived commissions.

When a Referring Friend's qualifying account is closed, they are no longer eligible for any Program Rewards.

The Referred Friend must enter the appropriate promo code in the field "How Did You Hear About Us" during the account opening process to ensure eligibility into the Program.

The Referring Friend must choose the "Refer a Friend Cash" promo code if they wish to obtain the cash incentive and "Refer a Friend Free Equity Trades" for the free equity trades incentive during the submission of their Referred Friends' information.

The Referring Friend must use the email address associated to their Scotia iTRADE account when making referrals. The Referring Friend must be an individual who either (i) opened a Scotia iTRADE account within 24 months of referring the Referred Friend or (ii) purchased a Scotia iTRADE product or service within 24 months of referring the Referred Friend.

Any cash credits deposited into a registered account will not be considered a contribution to the registered account and Scotia iTRADE will not issue a tax receipt.

Only friends and family may be Referred Friends under this offer. For purposes hereof, "family" includes only a Referring Friend's spouse, common-law spouse, child, or parent, in each case where there is voluntary, direct, two-way communication between the Referring Friend and the family member. For purposes hereof, "friend" includes only an individual with whom the Referring Friend has voluntary, direct, two-way communications and it would be reasonable to conclude that they have a personal relationship taking into consideration any relevant factors such as the sharing of interests, experiences, opinions and information evidenced in the communications, the frequency of communication, the length of time since the parties communicated or whether the parties have met in person.

To qualify for the Platinum+ membership in Scotia iTRADE iClub you must have at least $5,000,000 in combined Scotia iTRADE account assets. To qualify for commissions of $4.99 flat per Canadian or U.S. equities trade and $4.99 + $1.25/contract for each options trade you must have at least $5,000,000 in combined Scotia iTRADE account assets within a calendar quarter. If you already qualify for the commission of $4.99 per trade, your entitlement will not be affected by this offer. Also, if you qualify for the Platinum+ membership (i) the amounts of all transfer-in fees charged by other Canadian brokers will be credited to your account, subject to Scotia iTRADE’s receipt of the documentation evidencing such transfer-in fees and (ii) the $65 dollar fee for every trade placed with a telephone representative will be waived. New qualification status will be effective on the 10^th business day after calendar quarter the requirement for asset value has been satisfied. You will also qualify in the calendar quarter subsequent to the quarter when new qualification status became effective (the “Subsequent Quarter”). If the requirements for the specific asset value ($5,000,000) are satisfied in the Subsequent Quarter, you will retain your qualification status in the quarter following the Subsequent Quarter. Otherwise, you will need to re-qualify after the end of the Subsequent Quarter. Fees for U.S. transactions are charged in U.S. dollars. Scotia iTRADE reserves the right to modify and/or cancel this offer at any time without notice in its sole discretion.