Expiry: Oct 23, 2026
TD has launched a new 2026 TD Direct Investing and TD Easy Trade Easy Cash Offer, and at first glance it looks very attractive. Investors can earn 3% cash back on eligible registered accounts and 1% cash back on eligible non-registered accounts by transferring assets from outside TD Bank Group.
For anyone already planning to move their TFSA, RRSP, FHSA, or taxable portfolio to TD, this could be a meaningful bonus. The maximum total reward is $15,000 CAD across all qualifying TD Direct Investing and TD Easy Trade accounts. The minimum required transfer is $2,500 CAD, and the assets must come from outside TD Bank Group.
To participate, you need to register between July 2, 2026 and October 23, 2026. Existing clients can register using an eligible account number, while new clients can open an account and use the promo code CASHBACK.
After registering, you must transfer in at least $2,500 CAD by November 30, 2026, and your first transfer must be completed within 60 days of registration or by November 30, 2026, whichever comes first. The biggest condition is the hold period: you need to maintain the qualifying assets until November 30, 2028.
TD is not paying the bonus all at once. Instead, the reward comes in two installments:
- The first payment is due by December 31, 2027 and equals 50% of the reward you qualify for, based on assets maintained through November 30, 2027.
- The final payment is due by December 31, 2028, based on what remains in the account through November 30, 2028, minus the first installment already paid.
This means the offer is best viewed as a long-term asset transfer bonus, not a quick win. If you think you might need to move the money again in the next two years, the advertised cash-back rate may be less useful than it first appears.
For investors who were already planning to move a registered account to TD and are comfortable leaving the assets there for over two years, the 3% cash back is compelling. A large TFSA, RRSP, or FHSA transfer could generate a bonus that is significantly better than the usual brokerage transfer incentives in Canada.
For non-registered accounts, the 1% cash back is less exciting but still useful, especially if TD is a platform you wanted to use anyway. The main question is whether the long lock-in effect — even if the money is not formally locked — fits your investing plans. Since withdrawals reduce the reward calculation, flexibility is limited in practice.
