With a TD Direct Investing SIP, you can purchase mutual fund units from many of the leading fund companies in Canada, including TD Mutual Funds, and avoid the higher minimum investment amounts frequently required by these companies.
Invest a fixed amount each month using funds drawn automatically from your TD Direct Investing Direct Trading or Registered Account, or from your chequing account at any Canadian financial institution.
Take advantage of "dollar-cost averaging." By purchasing mutual fund units over time, you automatically buy more units when prices are lower and fewer units when prices are higher, which may result in a lower average cost per unit over time.
Combine a SIP with a TD Direct Investing SDRSP or SDRESP, and your mutual fund assets will accumulate in a tax-deferred plan, enhancing your portfolio's long-term growth potential.
To set up a SIP in your TD Direct Investing account, contact an Investment Representative:
A Dividend Reinvestment Plan (DRIP) allows you to purchase additional shares or mutual fund units automatically from the cash dividends paid on eligible securities, without incurring commission costs. TD Direct Investing handles everything directly for you — from dividend collection to reinvestment and safekeeping.
To set up a DRIP in your TD Direct Investing account, contact an Investment Representative:
The Systematic Withdrawal Plan lets you automatically redeem a prearranged amount of your mutual fund holdings (minimum $50). A TD Direct Investing SWiP allows you to:
Supplement your monthly cash flow,
Meet minimum RIF withdrawal requirements, and
Move assets between mutual funds in conjunction with your Systematic Investment Plan (SIP).
To set up a SWiP in your TD Direct Investing account, contact an Investment Representative:
For your convenience, interest and dividend income can be automatically transferred from your non-registered account to your Income Generation Account (IGA). Then, on the 5th and the 20th day of each month, the money in your IGA is transferred to the bank account of your choice at TD Canada Trust or another Canadian financial institution.
To set up an IGA Account contact an Investment Representative: