Important information for personal banking customers.Details

2.5% on new deposits until March 31, 2015. Earn more and keep more of it with a TFSA. With a PC Financial® Tax Free Interest Plus™ account, every dollar of interest earned is tax-free.

Get a President’s Choice Financial® Tax-Free Interest PlusTM savings account (TFSA) and start saving more with a great promotional rate.

There are no fees, no fixed term and no minimum deposit, and you can withdraw money at any time without tax penalty and re-contribute, up to your personal contribution limit, the following calendar year. And like the name says, every dollar of interest is tax free.

*Tax Free Savings Account Deposit Promotional Rate Offer

The following Terms and Conditions explain in detail how a 2.5% combined regular and promotional annual interest rate ("Promotional Rate") can be earned on the Additional Balance (as defined below) in an Eligible Account. "Eligible Account" means:

• An existing President’s Choice Financial® Tax Free Interest PlusTM savings account and any new President’s Choice Financial Tax Free Interest PlusTM savings account that is opened during the Offer Period (as defined below).

a. This promotional interest offer (the "Offer") begins on November 1, 2014 and continues until March 31, 2015 (the "Offer Period").

b. The Promotional Rate is a combination of the current annual interest rate set by President’s Choice Financial services payable on an Eligible Account balance ("Regular Interest"), plus promotional interest ("Promotional Interest") that is calculated during the Offer Period. For each Eligible Account, the Promotional Rate of 2.5% annually will be calculated on the portion of the Eligible Account’s average daily closing balance during the Offer Period that exceeds the closing balance as at October 31, 2014 (the "Additional Balance"). The daily closing balance in any Eligible Account opened during the Offer Period will be deemed to be $0.00 until the date a deposit is made in the Eligible Account. If an Eligible Account is overdrawn as at October 31, 2014, the October 31, 2014 closing balance is deemed to be $0.00. Promotional Interest will not be paid on funds that are transferred from an existing Eligible Account to another existing or new Eligible Account.

c. Eligible Accounts will continue to earn Regular Interest on balances, calculated daily and paid monthly.

d. The Promotional Interest will be paid in April 2015 to the account holder’s Eligible Account(s). If an account holder has multiple Eligible Accounts, the Promotional Interest for each Eligible Account will be paid separately into such Eligible Account. Promotional Interest will not be paid into any Eligible Account that is not active and in good standing as at March 31, 2015.

e. Promotional Interest will not be earned on any Additional Balances in excess of $250,000 in the aggregate, across all of an account holder’s Eligible Accounts, during the Offer Period.

f. The provider of President’s Choice Financial personal banking services (the direct banking division of CIBC), reserves the right to cancel or change the terms of the Offer at any time, and revoke the Offer for any customer who appears to be manipulating or abusing the Offer, or is engaged in any suspicious/fraudulent activity.

g. Promotional Interest as well as regular rates are subject to change at any time; visit for current regular rates or speak to a President’s Choice Financial personal banking representative for current rates of registered Eligible Account investment Tax Free Interest PlusTM savings account.

h. Additional terms, conditions and limitations apply to opening and making deposits in an Eligible Account. Individuals must meet the criteria of President’s Choice Financial services to open or hold an Eligible Account in order to qualify for the Promotional Rate offer. Promotional Interest recipient is solely responsible for any tax consequences associated with the Promotional Interest. . Promotional interest may be subject to income tax if paid on amounts that are deliberately over-contributed. Contributions in excess of the Promotional Interest recipient’s personal contribution room will be subject to a penalty tax. Contributions withdrawn are added to the Promotional Interest recipient’s contribution room for the next calendar year, except for withdrawals to correct over-contributions. The Promotional Interest cannot be substituted or transferred to a third party. Offer is non-transferable and cannot be combined with other promotional rate offers. Details are available upon request.

®/TM PC, President’s Choice, PC Financial, President’s Choice Financial and Interest Plus are trademarks of Loblaws Inc. CIBC is a licensee of the marks.

President’s Choice Financial personal banking services are provided by the direct banking division of CIBC.