Bank of Montreal investment Banking
1 Subject to contribution limits. Please speak to your tax advisor for advice regarding TFSAs.
2 Any individual who is 18 years of age or older and who has a valid Social Insurance Number (SIN) is eligible to open a TFSA. For some provinces and territories, you must be age 19, the age of majority, to open a TFSA. In these jurisdictions, a person turning 18 years of age who would otherwise be eligible accumulate TFSA contribution room for that year and carries it over to the following year. Visit the Canada Revenue Agency website at cra.gc.ca for details.
3 Assumes you are a Canadian resident from 2009 to 2017 and eligible to contribute each year to a TFSA and have not made any redemptions. The contribution limits vary as follows: 2009 – 2012: $5, 000 per year; 2013 and 2014: $5, 500 per year, 2015: $10, 000; 2016 and 2017: $5, 500 per year.
4 BMO Market Plus GICs are issued by Bank of Montreal Mortgage Corporation and guaranteed by Bank of Montreal. The principal amount of a BMO Market Plus GIC is guaranteed and is repayable upon maturity, but there is no guarantee of earning any return linked to the performance of the underlying securities more than a minimum guaranteed rate of return of 2.25% (the “Guaranteed Rate of Return”). The rate of return for the term payable will be the return on the S&P/TSX Composite Low Volatility Index (the “Reference Portfolio”) multiplied by the Participation Rate and it will not be less than the Guaranteed Rate of Return for the term. The return on the Reference Portfolio, if any, is determined without reference to any dividends or distributions paid on the securities and is the simple average of the percentage changes in (i) the value of the index in the Reference Portfolio as of the market close two business days after the issue date of the GIC, and (ii) the closing value of the index on the calculation date set out in the Terms and Conditions for the GIC. The rate of return for the term: (i) is not compounded; and (ii) is not an annual rate but is the rate of return over the entire term of the BMO Market Plus GIC. If market disruptions or other special circumstances affect the calculation of the return, the calculation agent may adjust or delay the calculation or payment of interest, estimate the value of the underlying index or a security in the underlying index, replace a security or the underlying index and/or determine the amount of interest, if any, that may be payable in an alternate manner. The rate of return, if any, is based on a price return index, not a total return index. The Terms and Conditions for BMO Market Plus GICs are available at your local BMO branch. BMO Market Plus GICs are only offered for purchase in a BMO Tax-Free Savings Account.
The indices comprising the Reference Portfolio are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and TSX Inc., and have been licensed for use by Bank of Montreal. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Bank of Montreal. TSX® is a registered trademark of TSX Inc., and has been licensed for use by SPDJI and Bank of Montreal. The BMO Market Plus GIC is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, or TSX Inc. and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the indices comprising the Reference Portfolio.
