RBC Direct Investing^® ‘Start Trading Commission-Free’ — Terms and Conditions of 2-year offer

1. Open a new Eligible Account

• Open one or more new RBC Direct Investing account(s) ("Eligible Account(s)") using a qualifying offer code (“Offer Code”) between January 11, 2024 and April 3, 2024 (“Offer Period”). You must not have an existing RBC Direct Investing Account as of the day before the first day of the Offer Period;

2. Eligible Account(s)

• Once an Eligible Account is opened with an Offer Code during the Offer Period, the Offer will apply to all accounts (including any account opened without an Offer Code and/or after completion of the Offer Period) in which a Qualifying Trade (as defined in Section 3) is placed within two years of opening the first Eligible Account.

3. Commission-Free Trades

• You will receive a rebate of trade commission fees (“Qualifying Commissions”) for up to 100 trades of exchange-listed securities on a North American exchange (which includes trades in equities and ETF products only, and excludes trades in options) at $9.95 CDN or US per trade to the value of $995 when placing trades in any of your Eligible Accounts through the RBC Direct Investing online investing site, Trading Dashboard, or the RBC Mobile¹ app (“Qualifying Trades”). The Qualifying Commissions rebate will apply to your Eligible Account(s) for a period of two years from the day you open your first Eligible Account, as set out in the confirmation email you will receive from RBC Direct Investing (the “Commission-Free Trade Period”). Any unused trades will expire if not used within the Commission-Free Trade Period.
• Qualifying Commissions will be charged to your Eligible Account(s) when you place a Qualifying Trade. Rebates of your Qualifying Commissions will be deposited into the account in which the Qualifying Trade was placed within 3-5 business days after the Qualifying Trade is filled. Qualifying Commissions will be charged in the underlying currency of the security, and rebated in the currency in which the trade settles. For Qualifying Trades involving a foreign exchange, the Qualifying Commission rebate will be calculated using the average daily closing foreign exchange value in effect on the day the Qualifying Trade was filled.
• For registered plans, rebates are not considered contributions and do not impact your contribution limits;
• In the event that you cease to qualify for the Offer at any time, RBC Direct Investing reserves the right to require you to repay any rebates previously received in connection with the Offer in which case you agree that such repayments may be applied against the respective Eligible Account(s);

4. Other Terms

• The Offer is non-transferable, and cannot be combined with any other RBC Direct Investing offer or promotion;
• RBC Direct Investing reserves the right, in its sole and absolute discretion, to amend or withdraw the Offer or to disqualify, limit or revoke the Offer in respect of any RBC Direct Investing client who it determines or believes is abusing or manipulating the Offer;
• You will be solely responsible for the payment of any applicable fees, penalties, charges or other amounts associated with or connected to the Offer or with the transfer of any assets to your Eligible Account;
• You will be solely responsible for any tax consequences associated with the Offer, including any consequences resulting from the Canada Revenue Agency assessing an Eligible Account that is a registered plan for carrying on a business, and/or the transfer of any assets into the Eligible Account;
• You may opt out of the Offer at any time by notifying RBC Direct Investing at 1-800-769-2560; Additional terms and conditions may apply to opening an account with RBC Direct Investing and the transfer-in and operation of accounts at RBC Direct Investing, including without limitation, the requirements set forth in RBC Direct Investing’s Operation of Account Agreement.