Exclusive Kickstart Bonus Offer
Terms and conditions
General:
Offer Start Date: December 12, 2024 at 12:00 am EST
Offer End Date: February 15 2025, at 11:59 pm EST
Eligibility Criteria:
1. The Offer is available to new Embark Student Corp. (“Embark”) subscribers (“Offeree”) who meet all the following conditions:
a. Receives an email with the KICKSTART offer.
b. Offeree opens a new Embark Student Plan or an Embark Select Conservative Plan (“Embark Plan”) on embark.ca and enrolls at least one New Beneficiary between the Offer Start and End Dates.
c. During enrollment of the New Beneficiary in Embark Plan the Offeree inputs the code KICKSTART (“Bonus Code”) in the promo code field of the digital onboarding process on embark.ca prior to the Offer End Date, or if enrolling with the assistance of the Education Savings Specialist, the Offeree must provide Education Savings Specialist with the Offer Code at the time of enrolment.
A “New Subscriber” is a person that has never been a subscriber of an Embark Plan or a plan distributed by Knowledge First Financial Inc.
A “New Beneficiary” is defined as one that is under the age of eighteen (18) years old on the date of enrolment and has not had their SIN previously registered with any Embark Student Corp. (formerly Knowledge First Financial Inc.) Plan. New Beneficiary must have a valid SIN and the newly opened plan must be eligible for registration with the Canada Revenue Agency (CRA) as a RESP.
Bonus Conditions:
2. The eligible Offeree who enrolls at least one New Beneficiary into the Plan before the Offer End Date will receive a bonus (the “Bonus”) of $100 per New Beneficiary enrolled on the date of Plan enrolment.
3. Embark Plans are deemed successfully enrolled in and opened when the Offeree has satisfied the account terms, and the newly opened plan is registered as a RESP with the CRA.
4. The Bonus will be deposited into the Plan as principal Contribution (which will be eligible to attract applicable government grants and earn income) within ninety (90) days from the date of enrollment of Plan. The Bonus shall not be paid in cash or other form. The Bonus cannot be paid to another related or unrelated RESP account outside of the Embark Plan with the New Beneficiary.
5. After fulfilling the Offer conditions, the Offeree must keep their Plan active for twelve (12 months) days after the date of the enrollment of the New Beneficiary. In the event of termination of the Plan within that timeline, the Bonus will be recalculated and subtracted from the balance of the Plan (the “Clawback”). When the Plan is terminated, standard closing costs and transfer out fees will apply, as defined in the Plan’s Prospectus.
6. The Clawback will be subject to the following exceptions:
a. Termination of Embark Plan due to a death of beneficiary, or
b. Post-Secondary Education (PSE) withdrawal, or
c. Non-Post Secondary Education Withdrawal (NPSE) if the beneficiary is twenty-five (25) years of age or older.
Other Terms and Conditions:
7. It is the Offeree’s responsibility to know if they have enough contribution room in the Plan. If the Bonus exceeds the maximum amount of contributions allowed by the Canada Revenue Agency, Embark will not be held responsible for any taxes or penalties resulting from payment of any Bonus or excess contributions, or for the contributions not attracting grants.
8. Offeree cannot combine the Offer with any other Embark enrolment bonus offers except as otherwise permitted and set out in a particular promotional offer.
9. The Offer and the Bonus Code can only be used for personal, non-commercial purposes. Bonus Code may not be transferred or sold or mass distributed.
10. All amounts are stated in Canadian dollars.
11. Embark reserves the right at its sole discretion to, without advance notice, terminate or suspend the Offer, in whole or in part, or modify it in any way.
12. Embark reserves the right, at its sole discretion, to suspend, disqualify, limit or revoke this Offer for any Offeree, whom it finds or believes to be manipulating or otherwise abusing the process, fairness, or integrity of the Offer. Bonuses earned through fraudulent activities or activities in violation of these Terms and Conditions will be null and void and repayment may be requested by Embark.
13. In the event of conflict, the Terms and Conditions will prevail over any of the contents of any brochure, promotional materials or statements, or any other communication regarding this Offer, whether written or oral from Embark, except where otherwise stated.
14. By accepting this Offer, you agree that you have read and understood these Terms and Conditions and agree to be bound by them. Any notice offered by us with respect to this Offer is deemed to be provided on the day it is posted on our website.