RBC Direct Investing^® ‘Start Trading Commission-Free’ — Terms and Conditions of 2-year offer

1. Open a new Eligible Account

• Open a new RBC Direct Investing account (”Eligible Account”) using a qualifying offer code (‘Offer Code’) between July 13, 2021 and July 13, 2022 inclusive (“Offer Period”). You must not have an existing RBC Direct Investing Account as of the day before the first day of the Offer Period;

2. Eligible Account

• The Offer is limited to one (1) Eligible Account for each client. In the event that multiple accounts are opened during the Offer Period, the Offer will be applied only to the first Eligible Account approved by RBC Direct Investing;

3. Commission-Free Trades

• You will receive a rebate of trade commission fees (“Qualifying Commissions”) of up to 100 trades of exchange-listed securities (which includes trades in equities and ETF products and excludes trades in options) placed in your Eligible Account via the RBC Direct Investing online investing site or the RBC Mobile¹ app (“Qualifying Trades”). The rebates of Qualifying Commissions will be available for you to use for up to two years as set out in the confirmation email you will receive from RBC Direct Investing (the “Commission-Free Trade Period”). Any unused trades will expire if not used within the two year period;
• Rebates of Qualifying Commissions charged to your Eligible Account during the Free Trade Period will be deposited into your Eligible Account within 3 to 5 business days of your Qualifying Trade.
• For registered plans, rebates are not considered contributions and do not impact your contribution limits;
• Rebates of Qualifying Commissions for Qualifying Trades will be paid in the currency in which you settle the trade– up to a maximum of $9.95 per trade;
• In the event that you cease to qualify for the Offer at any time, RBC Direct Investing reserves the right to require you to repay any rebates previously received in connection with the Offer in which case you agree that such repayments may be applied against the respective Eligible Account;

4. Other Terms

• The Offer is non-transferable, and cannot be combined with any other RBC Direct Investing offer or promotion;
• RBC Direct Investing reserves the right, in its sole and absolute discretion, to amend or withdraw the Offer or to disqualify, limit or revoke the Offer in respect of any RBC Direct Investing client who it determines or believes is abusing or manipulating the Offer;
• You will be solely responsible for the payment of any applicable fees, penalties, charges or other amounts associated with or connected to the Offer or with the transfer of any assets to your Eligible Account;
• You will be solely responsible for any tax consequences associated with the Offer, including any consequences resulting from the Canada Revenue Agency assessing an Eligible Account that is a registered plan for carrying on a business, and/or the transfer of any assets into the Eligible Account;
• You may opt out of the Offer at any time by notifying RBC Direct Investing at 1-800-769-2560;