Pre-Authorized Contribution Offer - Terms and Conditions

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

ABOUT AVISIO WEALTH

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

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 AWI. AWI 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. Online brokerage services are offered through Qtrade Direct Investing. Aviso Wealth and Qtrade Direct Investing are divisions of AFI. 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.

ELIGIBILITY CRITERIA

The following criteria must be satisfied by the new or existing Meridian Member to qualify for the Offer.

New and existing Meridian Members

To be eligible for this offer, new or existing Meridian Members must:

1.  Be the age of majority in Ontario.

2.  Reside in Ontario.

3.  Be a new or existing Meridian Member in good standing (“Member”).

4.  Be a new or existing account holder with Aviso Wealth. Existing Meridian Members who have had a PAC into an Aviso Wealth account within the last 12 months are not eligible for this Offer.

QUALIFYING ACTIONS

5.  If the Meridian 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 (g) non-registered accounts. (“Qualifying Account”).

6.  Make a minimum initial deposit of $250 (“Initial Deposit”) into the Qualifying Account that will be used to fund a Qualifying Investment (“Qualifying Investment” defined in Section 9). The Initial Deposit must come from a source other than an investment account held by Aviso Wealth or Qtrade Direct Investing.

7.  Set up a new reoccurring PAC with a minimum monthly contribution of $25 to the Qualifying Account that will used to fund a Qualifying Investment. The PAC must be maintained for three (3) consecutive months and any funds contributed must be held within the Qualifying Account for three (3) consecutive months to remain eligible for the Cash Bonus payment (“Qualifying Period”). Any additional deposits that are not part of a regular PAC will not be eligible for the Offer.

8.  Initial Deposit and reoccurring PAC must fund the Qualifying Investments within the Qualifying Account.

9.  Qualifying Investments include all investments held in a Qualifying Account but exclude Non-Qualifying Investments. Non-Qualifying Investments are the following: cash, premium savings accounts, GICs, options, personal mortgages, fixed income securities with a duration of less than six months, shares of CCPCs, units of limited partnerships, securities that are not listed on a recognized exchange or quoted on a recognized quotation or trade reporting system or other market recognized by Meridian Credit Union in its sole discretion (collectively, “Non-Qualifying Investments”).

OFFER VALUATION

10.  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

11.  If a Meridian Member qualifies to receive the Cash Bonus, the applicable Cash Bonus will be paid into the Qualifying Account no later than 31 days after the third monthly pre-authorization payment is received into the Qualifying Account. e.g. If the Initial Deposit is paid on July 4th, 2025, the first PAC is received in July 2025, the second PAC is received in August 2025 and the third PAC is received in September 2025, then the Cash Bonus will be paid by Meridian by October 31, 2025.

12.  Payment Schedule

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

GENERAL TERMS

14.  This offer can only be bundled with the $300 New Member offer if applicable, see Terms and Conditions - Terms and Conditions for the Chequing offer.

15.  Only one Cash Bonus per eligible Member will be awarded during this promotion.

16.  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 this Offer, wholly or in part, with any other offer, whether similar to this Offer or not, or to withdraw this Offer altogether.

17.  Meridian reserves the right to suspend, disqualify, limit or revoke this Offer to any Member it finds or believes to be manipulating or otherwise abusing the process, fairness, or integrity of the Offer.

18.  Meridian shall have the exclusive right to determine the amounts, if any, payable under this Offer.

19.  All Qualifying Accounts will be administered by Aviso Wealth and not by a third party such as a mutual fund company.

20.  Only Meridian employees registered with Aviso Wealth will advise on investment decisions involving a Qualifying Account at Aviso Wealth. 

21.  The Aviso Wealth representative managing the Qualifying Account must be affiliated with Meridian.

22.  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.

23.  Any dispute, controversy, or claim arising out of or relating to this Promotion, including any question regarding its existence, interpretation, validity, breach, or termination, shall be governed by the laws of the Province of Ontario and shall be resolved exclusively in the courts of Toronto, Ontario. By participating in this Promotion, the Member irrevocably submits to the jurisdiction of such courts and waives any objection to the venue or jurisdiction of such courts.  

24.  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.

25.  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.

For any questions or concerns regarding this Offer, please contact our Contact Centre Toll free at 1-866-592-2226.  

Published Date: May 22, 2025