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Make an environmentally-friendly home improvement and put more green in your pocket: TD Canada Trust
- TD increases cash rebates on Green Mortgages and Green Home Equity Lines of Credit (HELOC) on applications submitted from February 26 to September 30, 2009 - When customers make ENERGY STAR qualified purchases they will receive a cash rebate of up to 1.5% - 91% of Canadians are committed to making environmentally friendly improvements to make their home greener TORONTO, Feb. 26 /CNW/ - TD Canada Trust announced today that it is increasing the cash rebate to up to 1.5% on its Green Mortgage and Green Home Equity Line of Credit for qualified purchasers who apply between February 26th to September 30th, 2009. Canadians can now receive even more savings for environmentally friendly choices when buying or renovating their home. This new offer works well in conjunction with the federal budget announcement made earlier this year regarding tax credits such as the Home Renovation Tax Credit and government rebates related to the EcoEnergy Retrofit Program. "We think customers will appreciate the additional savings that this rebate offers on top of the benefits from government incentives that were announced earlier this year," said Joan Dal Bianco, Vice President, Real Estate Secured Lending, TD Canada Trust. "These incentives are all about helping Canadian homeowners make the green upgrades they want to make for environmental reasons and we're very happy to be a part of that." A cash rebate of up to 1.5% (up from the regular rebate of up to 1%) of the amount of the mortgage or Home Equity Line of Credit will be available to customers who make ENERGY STAR qualified purchases. Customers will also continue to receive 1% off the posted interest rate on a five-year fixed rate mortgage or on a five-year fixed rate portion of a HELOC. Each time a customer receives a rebate, TD Canada Trust will donate $100 to the TD Friends of the Environment Foundation. A wide range of ENERGY STAR qualified products are eligible for rebate in the following categories: - Major appliances - Heating, cooling and ventilation equipment and controls - Windows, doors and skylights The cost of a residential energy efficiency assessment is also eligible for the rebate. About TD Bank Financial Group The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Financial Group. TD Bank Financial Group is the sixth largest bank in North America by branches and serves approximately 17 million customers in four key businesses operating in a number of locations in key financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Insurance; Wealth Management, including TD Waterhouse and an investment in TD Ameritrade; U.S. Personal and Commercial Banking through TD Banknorth and TD Bank, America's Most Convenient Bank; and Wholesale Banking, including TD Securities. TD Bank Financial Group also ranks among the world's leading online financial services firms, with more than 5.5 million online customers. TD Bank Financial Group had CDN$585 billion in assets on January 31, 2009. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.
For further information: Kelly Hechler, TD Bank Financial Group, (416) 982-2469
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