Commit to a Routine

A PAC is a pre-authorized contribution plan. It enables you to make regular, automatic purchases of Steadyhand funds in your accounts on a semi-monthly, monthly, or quarterly basis.

The funds transfer automatically from your chequing account to your Steadyhand account with minimal effort required.

These plans offer several advantages: they establish consistent investing habits, remove the temptation to time markets (an ineffective strategy), and help balance returns by purchasing more units when values are low and fewer when they're high.

For RSP accounts specifically, this approach is particularly valuable. It creates mandatory savings discipline and prevents the need for rushed last-minute contributions or missed deadlines.

To establish such a plan, interested parties can access the automatic purchase form through the company website.