Pre-Authorized Contribution Bonus Offer - Terms and Conditions

Meridian Credit Union Limited (“Meridian”) in conjunction with Aviso Financial Inc. (“AFI”) is offering a cash bonus incentive (“Cash Bonus”) with a value of up to $250 dollars for new and existing Members who set up a Pre-Authorized Contribution (“PAC”) into an Aviso Wealth account at Meridian (the “Offer”).

About Aviso Wealth

“Aviso Wealth” is a trade name of AFI and a registered trademark of Aviso Wealth Inc (“Aviso”).

AFI is a dual-registered dealer, registered under applicable Canadian securities regulation and is a member of the Canadian Investment Regulatory Organization (“CIRO”) and a wholly owned subsidiary of Aviso. Aviso is a wholly owned subsidiary of Aviso Wealth LP, which in turn is owned 50% by Desjardins Financial Holding Inc. and 50% by a limited partnership owned by the five provincial Credit Union Centrals and The CUMIS Group Limited.

Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc.. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, cash balances, mutual funds and other securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. There can be no assurances that the money market fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Mutual funds and other securities are not guaranteed, their values change frequently, and past performance may not be repeated.

Offer Period

This Offer will be available from January 2, 2025 to March 3, 2025 (“Offer Period”).

Eligibility Criteria

The following eligibility criteria must be satisfied by the new or existing Member:

1. Be the age of majority in their province or territory.
2. Be a legal resident of Canada.
3. Be a new or existing Meridian Member in good standing (“Member”).
4. Be a new or existing account holder with Aviso Wealth.  Existing Aviso Wealth Members who have had a PAC within the last 12 months are not eligible for this Offer.

Qualifying Actions

5. If the Member is not an existing Aviso Wealth account holder, open a new account at Aviso Wealth which may be any of the following (a) registered retirement savings plan accounts; (b) spousal registered retirement savings plan accounts; (c) tax free savings accounts; (d) registered education savings plan accounts; (e) registered disability savings plan accounts; (f) first home savings accounts (“Qualifying Account”).
6. Make a minimum initial deposit of $250 (“Initial Deposit”) to the Qualifying Account.   The deposit must be initiated no earlier than January 2, 2025 at 9:00 a.m. Toronto, Canada time (the specific date of transfer is referred to as the “Transfer-In Date”) and no later than 4:00 p.m. Toronto, Canada time on the last day of the Offer Period.
7. Set up a new reoccurring PAC with a minimum monthly transfer of $25 to the Qualifying Account. The PAC must be maintained for three (3) consecutive months and any funds transferred must be held within the Qualifying Account to remain eligible for the Cash Bonus payment (“Qualifying Period”).  The PAC must be set up no later then March 3, 2025. Any additional deposits that are not part of a regular PAC will not be eligible for the Offer.

Offer Valuation

8. The Cash Bonus value will be determined based on the table below. If the Member’s PAC value is changed during the Qualifying Period, then the total Cash Bonus will be prorated accordingly. 

Offer Payment

9. If a Member qualifies to receive the Cash Bonus, the applicable Cash Bonus will be paid to the Qualifying Account in accordance with the schedule set out below:

10. The Cash Bonus must be accepted as awarded and is not transferable or assignable. No substitutes are permitted.

General Terms and Conditions

11. This Offer cannot be combined with any other Offer.
12. Only one Cash Bonus per eligible Member will be awarded during this promotion.
13. The terms and conditions of this Offer, including the overall availability of the Offer, are subject to the absolute discretion of Meridian and may be changed by Meridian at any time without further notice. Meridian reserves the right at any time without prior notice and in its sole discretion, to add, alter or modify all or any of these terms and conditions or to replace the Offer, wholly or in part, with any other offer, whether similar to the Offer or not, or to withdraw the Offer altogether.
14. Meridian reserves the right to suspend, disqualify, limit or revoke the Offer to any Member it finds or believes to be manipulating or otherwise abusing the process, fairness, or integrity of the Offer.
15. Meridian shall have the exclusive right to determine the amounts, if any, payable under this Offer.
16. All eligible accounts must be administered by Aviso Wealth and not by a third party such as a mutual fund company.
17. Meridian employees that are not registered with Aviso Wealth will not be involved in any investment decision involving a Qualifying Account held at Aviso Wealth.
18. The Aviso Wealth representative managing the Qualifying Account must be affiliated with Meridian.
19. By participating in this Offer, the Member agrees to indemnify, defend, and hold harmless Meridian, its affiliates, and their respective directors, officers, employees, agents, representatives, successors, and assigns (collectively, "Releasees") from and against any and all claims, including legal fees and expenses on a full indemnity basis, that may be brought against or incurred by any of the Releasees as a result of or in connection with this Offer, any actions or omissions of the Member, or any breach by the Member of the terms and conditions governing this Offer. This indemnity shall survive the termination, completion or expiry of the Offer between Member and Meridian.
20. Any dispute, controversy, or claim arising out of or relating to this Offer, including any question regarding its existence, interpretation, validity, breach, or termination, shall be resolved through binding arbitration in accordance with the Arbitration Act, 1991 (Ontario). Either party may initiate the arbitration process by providing written notice to the other party of their intent to arbitrate. The arbitration shall be conducted by a single arbitrator mutually agreed upon by both parties. If the parties cannot agree on an arbitrator within thirty (30) days of the notice of arbitration, the arbitrator shall be appointed by a judge of the Ontario Superior Court of Justice. The arbitration shall take place in Toronto, Ontario, and shall be conducted in English. The dispute will be resolved by arbitration at ADR Chambers using the ADR Chambers Expedited Arbitration Rules. The arbitrator shall have the authority to order pre-hearing exchanges of information and documents. The fees and expenses of the arbitrator shall be shared equally by the parties, unless otherwise determined by the arbitrator. Each party shall bear its own legal fees and costs associated with the arbitration. The decision of the arbitrator shall be final and binding on both parties. Judgment upon the arbitrator’s award may be entered in any court having jurisdiction thereof.
21. The Offer is intended for promotional purposes only and does not constitute financial or legal advice or an opinion related to the acquisition, suitability or use of any of the Initial Deposit or Qualifying Account.
22. Participation in this Offer is your acknowledgement that you have read these terms and conditions, and you agree to be bound by these terms and conditions.
23. For any questions or concerns regarding this Offer, please contact our Contact Centre Toll free at 1-866-592-2226.