TD Direct Investing Offer: Earn Aeroplan Points on Transfers Into a New or Existing Account
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TD Direct Investing is launching an attractive promotional offer for Canadian investors and TD co-branded Aeroplan credit card holders.
From May 1 to July 31, 2025, new and existing customers can earn up to one million Aeroplan points by funding their TD Direct Investing account.
An excellent opportunity to grow not only your investment portfolio, but also your Aeroplan points balance!
TD Offers Available in September 2026
TD Direct Investing's Aeroplan offer ended on July 31, 2025. TD now lists it among its past offers.
As of September 2026, TD is not advertising an Aeroplan points offer on transfers. Instead, two separate TD divisions offer a cash reward:
- TD Direct Investing (Easy Cash Offer): 3% cash back on transfers to a TFSA, RRSP, FHSA, LIRA or LRSP, and 1% on transfers to a cash, margin or corporate account. The minimum transfer is $2,500 and the maximum reward is $15,000. Register by October 23, 2026, transfer by November 30, 2026, and keep the assets until November 30, 2028.
- TD Canada Trust, in branch (2% Award): 2% on a transfer of $10,000 to $150,000 into a TFSA, FHSA, RRSP or RRIF, up to $3,000. Register with a TD Personal Banker by October 30, 2026, invest in an eligible TD GIC or mutual fund (or keep cash in a TD Canada Trust high interest TFSA), then hold until October 30, 2027.
Keep in mind that the 2% Award excludes TD Direct Investing (TD Waterhouse) accounts. In addition, transfers you initiate yourself, without a TD Personal Banker, do not qualify. TD Canada Trust does not reimburse transfer fees. TD Direct Investing reimburses up to $150 per account (up to 4 accounts) on a transfer of $25,000 or more to a new account, with proof of the fees.
Full terms are on TD's official pages for the TD Direct Investing offer and the TD Canada Trust 2% Award.
TD Direct Investing's Aeroplan Offer – Details
From May 1 to July 31, 2025, TD Direct Investing is offering an attractive offer that allows you to earn bonus Aeroplan points when you transfer your assets to their platform.
The offer is structured according to a tier system, so the higher the amount transferred, the higher the number of Aeroplan points offered.
Here is the detailed chart:
| Transfer Amount | Aeroplan Points Offered |
|---|---|
| $10,000 – $49,999 | 10,000 |
| $50,000 – $99,999 | 25,000 |
| $100,000 – $249,999 | 75,000 |
| $250,000 – $499,999 | 150,000 |
| $500,000 – $999,999 | 300,000 |
| $1,000,000 – $1,999,999 | 500,000 |
| $2,000,000 or more | 1,000,000 |
In our semi-annual evaluation of reward points, we estimate that one Aeroplan point is worth an average of 2 cents, although this value may vary depending on your redemption.
A bonus of 10,000 Aeroplan points represents a value of approximately $200 in travel, or a 2% return on a $10,000 transfer.
TD Direct Investing's Aeroplan Offer – Eligibility Requirements
To take part in the offer, you must:
- Be a legal resident of Canada,
- Have reached the age of majority in your province,
- Be an Aeroplan member in good standing,
- Hold an active TD Aeroplan Credit Card by July 31, 2025,
- Transfer a minimum of $10,000 in eligible assets,
- Initiate the transfer from one or more financial institution(s) that are unassociated with TD Bank Group (internal transfers from one TD account to another are not eligible) within 30 days of registering for the offer.
TD Direct Investing's Aeroplan Offer – How to Participate?
The special offer from TD Direct Investing is open to both existing and new platform customers. To take advantage of the offer as a new customer, you must :
- Open an eligible TD Direct Investing account before July 31, 2025
- Use promotional code AEROPLAN2025 when opening
- For account opening in-branch or by phone, ask the representative to enter the promotional code.
- Initiate the transfer within 30 days of account opening
If you are already a customer, you must:
- Register for the offer via the registration form before July 31, 2025
- If you are opening a new eligible account, use code AEROPLAN2025
- For multiple accounts, all your eligible accounts will be automatically registered for the promotion.
- Initiate the transfer within 30 days of registration
Aeroplan Bonus Points will be paid into your account starting in November 30, 2025, in three increments:
- 25% of bonus points to be paid out by November 30, 2025
- 25% of bonus points to be paid out by April 30, 2026
- The remaining 50% of bonus points will be paid out by August 31, 2026.
Eligible Accounts and Cards
Eligible accounts are:
| Cash account (non-registered) |
| Margin account (not recorded) |
| Self-Directed Tax-Free Savings Account (TFSA) |
| Registered Retirement Savings Plan (RRSP) |
| Registered Education Savings Plan (RESP) |
| Self-Directed Locked-In Retirement Account (LIRA) |
| Non-Personal Account and Corporate Account |
First Home Savings Accounts (FHSA), Registered Retirement Income Funds (RRIF), Life Income Funds (LIF), and Registered Disability Savings Plans (RDSP) are excluded.
The following Aeroplan credit cards are eligible for the promotion:
Featured
- Annual feeNo annual fee the first year
- $0 $139
- Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$1,000Annual fee rebated$139Total$1,139Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $1,139
- Welcome offerAfter $12,000 in 12 months
- Up to 50,000 points
Apply Now
on TD's website
- Annual feeNo annual fee the first year
- $0 $89
- Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$400Annual fee rebated$89Total$489Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $489
- Welcome offerAfter $1,500 in 3 months
- Up to 20,000 points
Apply Now
on TD's website
- Annual fee
- $599
- Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$2,000Total$2,000Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $2,000
- Welcome offerAfter $24,000 in 12 months
- Up to 100,000 points
Apply Now
on TD's website
Bottom Line
This TD Direct Investing offer is appealing for long-term investors who want to accumulate a large number of Aeroplan points without spending. The $10,000 entry threshold is accessible, and the flexibility of eligible accounts (RRSP, TFSA, RESP, business account, etc.) allows for maximizing rewards.
However, fees on the TD Direct Investing platform are high:
- $9.99 stock commission or $7 stock commission for Active Traders
- $25 per quarter in management fees if your balance is less than $15,000
- $150 transfer fee
This promotion is more suitable for investors who plan to keep their investments with TD for the long term and conduct few transactions. It is also advantageous if you use your Aeroplan points for high-value redemptions, such as international business class flights.
However, if you make several transactions a month or are looking for a low-cost brokerage platform, other options, such as Wealthsimple and Questrade, may be better suited to you.
Featured
- Annual feeNo annual fee the first year
- $0 $139
- Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$1,000Annual fee rebated$139Total$1,139Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $1,139
- Welcome offerAfter $12,000 in 12 months
- Up to 50,000 points
Apply Now
on TD's website