MD Management Limited (MDM) will match an Eligible MDM Client’s ongoing pre-authorized contribution (a “PAC”) into his/her registered or non-registered investment account with MDM, with a minimum of $25 up to a maximum amount of $250 (the “MD Match Amount”) for each Eligible MDM Client, subject to the terms below (the “MD Early Career Investment Program” or the “Program”).

The Program is available only to MDM clients who are medical residents or fellows in 2021; physicians in their first or second year of practice (completed residency or fellowship in 2019 or 2020 or 2021); or spouses/partners of any of the foregoing (each an Eligible MDM Client). An Eligible MDM Client must have a tax-free savings account (TFSA), registered retirement savings plan (RRSP) or non-registered investment account opened, active and in good standing with MDM on September 9, 2021 or by October 7, 2021 (each an “Eligible Account”).

The program is open to all Eligible MDM Clients who set up a new PAC of at least $25 with ExO Direct.

The MD Match Amount must be deposited exclusively into a TFSA, RRSP or non-registered investment account.

The MD Match Amount will apply to all PACs that have been set-up from the commencement date of the Match Program up to October 7, 2021 inclusive, where pre-established client and account eligibility requirements, as specified above, have been met and a scheduled deposit has been made by October 15, 2021.

The MD Match Amount credited to the Eligible Account will be held in cash until instructions on how to invest the funds are received from the account holder or a person whom the client has designated as having trading authority for the account. The MD Match Amount will be distributed by November 15, 2021. The MD Match Amount must remain invested in the client account for a minimum of 90 Days before the MD Match can be withdrawn by the client.

There is a limit of one (1) MD Match Amount per Eligible MDM Client regardless of the number of Eligible Accounts or PACs he/she holds. If an Eligible MDM Client has more than one Eligible Account with a new or increased PAC, he/she must contact his/her MD Advisor* before October 15, 2021 to determine the account to which the MD Match Amount will be credited, failing which MDM will credit The Eligible Account in the following order:

1. to the Eligible MDM Client’s TFSA; if no TFSA, then
2. to the Eligible MDM Client’s RRSP; if no RRSP, then
3. to the Eligible MDM Client’s non-registered investment account.

Each Eligible MDM Client agrees to be solely responsible for ensuring that any match amount credited to his/her registered investment account does not result in any over-contribution to such account and he/she expressly acknowledges that MDM will not be in any way liable or responsible for any tax consequences or liability incurred by him/her should it be determined by the Canada Revenue Agency or any tax authority that he/she has over-contributed to his/her registered account.

MDM may at its sole discretion and at any time change, cancel or extend the MD Early Career Investment Program. In the event of an early termination of the MD Early Career Investment Program, all Eligible MDM Clients who have or open an Eligible Account and set up an eligible PAC or PAC increase prior to the effective date of termination will still receive the MD Match Amount.