Match150 Terms and Conditions

MD Management Limited (MDM) will match an eligible MDM client’s deposit into his/her registered or non-registered investment account with MDM, up to a maximum amount of $150.00 (the “MD Match Amount”).

The MD Match Amount is available only to new MD Management Limited clients who are medical residents in 2019 (“Participant”). A Participant must open or have opened a tax-free savings account (TFSA), registered retirement savings plan (RRSP) or non-registered investment account with MDM between January 1, 2019, and September 30 2019 (“Eligible Account”).

The MD Match Amount will apply to all pre-authorized contributions or lump-sum contributions made by a Participant to an Eligible Account up to September 30, 2019.

The MD Match Amount will be distributed in April 2019, July 2019 or October 2019 (depending on Participant eligibility) to Participants who have deposited or invested the maximum amount of $150.00 by September 30, 2019.

The MD Match Amount will be deposited to his/her bank account on file with MDM, and then credited to his/her TFSA, RRSP or non-registered investment account. The MD Match Amount as credited to his/her TFSA, RRSP or non-registered investment account will be held as cash within the Participants account until the Participant provides further investment instruction.

Only one MD Match Amount to an Eligible Account will be received by a Participant.

If a Participant opens more than one Eligible Account with MDM, he/she is advised to speak with his/her MD MedEd Counsel Advisor or MD Financial Consultant to determine the account to which his/her MD Match Amount will be credited. If a Participant fails to notify MDM of the choice of Eligible Account to which to credit the MD Match Amount, MDM will credit the Participant’s Eligible Account as follows:

1. to the Participant’s TFSA; if no TFSA, then

2. to the Participant’s RRSP; if no RRSP, then

3. to the Participant’s non-registered investment account.

As a Participant in the MD Match150 Program, he/she agrees to be solely responsible for ensuring that any MD Match Amount as may be credited by MDM to his/her registered investment account does not result in any over-contribution to such account. He/she expressly acknowledge 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 have over-contributed to his/her registered account.

MDM may at its sole discretion extend the MD Match150 Program past September 30, 2019, or terminate the MD Match150 Program prior to September 30, 2019.

All Participants who have opened an Eligible Account prior to the effective date of termination of the MD Match150 Program will be entitled to the MD Match Amount regardless of the termination of the MD Match150 Program.

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