What’s a PAC?
A Pre-Authorized Contribution (PAC) is a flexible and convenient way to start building up savings for your goals.
When you set up a PAC, money is automatically withdrawn from your chequing or savings account and deposited into your investment account.
You can choose the amount you’d like to contribute and how often, whether that’s weekly, bi-weekly, or monthly, and what frequency.
Once a PAC is set up, you’ll be saving money without thinking about it.