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TD Waterhouse Systematic Investment Plan (SIP)
With a TD Waterhouse 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 Waterhouse 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 Waterhouse 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 Waterhouse account, contact our Investment Representatives at 1-800-465-5463 or (416) 982-7686, 24 hours a day, 7 days a week.
Dividend Reinvestment Plan (DRIP)
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 Waterhouse handles everything directly for you — from dividend collection to reinvestment and safekeeping.
To set up a DRIP for securities in your TD Waterhouse account, contact our Investment Representatives at
1-800-465-5463 or (416) 982-7686, 24 hours a day, 7 days a week.
Systematic Withdrawal Plan (SWiP)
The Systematic Withdrawal Plan lets you automatically redeem a prearranged amount of your mutual fund holdings (minimum $100/month) each month.
A TD Waterhouse 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 Waterhouse account, contact our Investment Representatives at 1-800-465-5463 or (416) 982-7686, 24 hours a day, 7 days a week.
Income Generation Account (IGA)
(also known as a Sweep Account)
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 our Investment Representatives at 1-800-465-5463 or (416) 982-7686, 24 hours a day, 7 days a week.
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