Pre-Authorized Contribution Plan (PAC Plan)

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Pay Yourself First

With a PAC Plan, you automatically pay yourself first every month by investing a fixed amount of money in your chosen mutual funds. Contribute as little as $100 per month, or as much as your budget allows.

Your PAC Plan keeps you headed in the right direction thanks to dollar cost averaging. That’s a fancy name for a simple idea. It means that your fixed dollar contribution naturally buys more mutual fund units when prices are lower, and fewer fund units when prices are higher. Dollar cost averaging effectively smoothes out the highs and lows of the markets. Over time, this strategy tends to lower the average cost of your mutual fund units, so you can enjoy higher potential gains.

Imagine, no more scrambling to find enough money for your RRSP contribution in February. No more worry about market volatility. And no more RRSP stress. Maintaining your PAC Plan is far easier than saving for occasional lump sum contributions, and trying to guess the best time to buy. You can relax, and watch your savings grow, a little at a time.

To read an article on how PAC plans can benefit you click Remove Emotion when Buying and Selling.

For more information on how you can invest with a PAC Plan contact Ozzie MacKay or Dave Gorman CAM, Mutual Funds Investment Specialist.

Mutual funds are offered through Credential Asset Management Inc.®  Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions.  Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Ethical Funds® are available to residents of Canada only.

Ethical®, The Ethical Funds Company® and Ethical Funds® are registered marks owned by Ethical Funds Inc.® and are used under license. Credential®  is a registered mark owned by Credential Financial Inc.® and is used under license.

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