Canadian Discount Brokers
Bank of Montreal (BMO) - BMO Investorline *$25 Low Activity Fee for non-reg possible
$9.95 / Trade effective 11-Feb-2014
was: $29/Trade. *$9.99/Trade if more than $50,000 in assets or 30+Trades/Qtr.
**Commission free for 95 ETFs
$50/Certificate Request. Total: $59
Synthetic DRIP:Yes. All or None: ? List: Yes, selected securities. Honours DRIP discount: ?
TFSA: Quarterly Fee $25 if total assets under $15k
RRSP: Quarterly Fee $25 if total assets under $15k
RESP: Quarterly Fee $25 if total assets under $15k
CIBC - Investor's Edge and Fees
$6.95 / Trade Effective 06-Oct-2014 *Minimum $10,000 balance or $100/yr fee
was: $28.95/Trade. *$395/Year for 50 Trades. ** $100k in Assets/Loans $6.95/Trade
* Free trading for Under 25
$50/Certificate Request, $5 for each additional certificate
Was: $25/Trade, Certificate $30/request
Synthetic DRIP: Yes (?) Honours DRIP discount.
TFSA: No Annual Fee.
RRSP: Annual Fee $100 if under $25k
RESP: No Annual Fee.
Questrade
$4.95 / Trade
$300/Certificate Request.
Synthetic DRIP: Yes. All or None: No. List: Almost all securities. Honours DRIP discount: No. **Buy any ETF for free.
TFSA: No Annual Fee or Withdrawal Fee.
RRSP: No Annual Fee. No low activity fee.
RESP: No Annual Fee. No low activity fee.
Portfolio IQ wealth management: No minimum.
Royal Bank - RBC Direct Investing *Min. $15,000 balance in ALL accounts or 3 trades/Qtr or $25/Quarter fee
$9.95 / Trade
was: $28.95/Trade. *$9.95/Trade if more than $50,000 in assets or 30+Trades/Qtr.$50/Certificate Request. Total: $59.95
Synthetic DRIP: Yes. All or None: Yes. List: Approx. 500 securities Link. Honours DRIP discount.
TFSA: Annual Fee: See Above (was free) and Withdrawal Fee $0.
RRSP: Annual Fee: See Above
RESP: Annual Fee: See Above
TD Bank - TD Direct Investing
$9.99 / Trade eff 7-Feb-2014 **Low Activity Fee $25/Qtr if <$15,000 or < 3 trades
was: $29/Trade. *$9.99/Trade if more than $50,000 in assets or 30+Trades/Qtr.$56.50/Certificate Request or DRS Statement Total: $66.49 FEES
$150/Certificate Deposit
Synthetic DRIP: Yes. All or None: No. Honours DRIP discount.
TFSA: Annual Fee $25/qtr if under $15k
RRSP: Annual Fee $25/qtr if under $15k
RESP: Annual Fee $25/qt if under $15k
National Bank - National Bank Direct Brokerage
$0 / Trade effective 2021
$100/Year Admin Fee if <$20,000 or <5 trades or older than 30.
$50/Certificate Request. Total: $50
Synthetic DRIP: Yes All or None: No List: Yes, approx. 120 securities.
TFSA: Annual Fee see above.
RRSP: Annual Fee see above.
RESP: Annual Fee see above.
Desjardins - DisNat Direct
$0 / Trade *$30/qtr Inactivity fee possible
was: $9.95 / Trade effective Mar-2014 and
$100/Certificate Deposit(DRS) and $150 / Request.
Synthetic DRIP: Yes. All or None: No. Honours DRIP discount.
TFSA: Annual Fee $0 if 2 trades/year or $15,000 in assets. Transfer in Kind: $25.
RRSP: Annual Fee $100 if under $15,000.
RESP: Annual Fee $50 if under $15,000 in all accounts.
Scotiabank - ScotiaiTrade *Low activity fee $25/Qtr possible if <$10K on Investment accounts ONLY
*$9.99/Trade if more than $50,000 in assets/loans/etc LINK
$4.99/Trade if 150+ trades/month
* was $24.99/Trade. Fee Increase April-2012: Old Fee $19.99/Trade
**Buy / Sell select list of 124 ETFs for free.
Student discounted/Free mobile trading with Student Banking package
$100/Certificate Request/deposit Total: $124.99 eff. Sep-01-2016
was: $50/Certificate Request. Total: $74.99
Synthetic DRIP: Yes. All or None: No. Honours DRIP discount & Online Management per security.
TFSA: No Annual Fee, Withdrawal Fee or Low Activity Fee.
RRSP: Annual Fee $100 if under $25k in ALL accounts
** Fee Increase September-2012: RRSP was free prior to this date
RESP: Annual Fee $25 if under $15k in ALL Accounts
** Fee Increase September-2012: RESP was free prior to this date
QTrade Financial Group - QTrade Investor
$8.75/Trade. $25/Qtr Fee if <$25k OR <2 trades. *Min $1000 initial deposit
**Buy / Sell select list of ETFs for free
Was: $19/Trade.$50/Certificate Request. *$9.95/Trade if >$50,000 in assets or 30+Trades/Qtr.
$125/Certificate Request.
Synthetic DRIP: Yes. All or None: No. Honours DRIP discount (needs to be confirmed 2023)
TFSA: Possible Quarterly Fee: See Above.
RRSP: Possible Quarterly Fee: See Above.
RESP: Possible Quarterly Fee: See Above.
HSBC InvestDirect *$25/Qtr inactivity fee if <1/Trade or <$10K
$6.88/Trade.
$95 + "Out of Pocket Expenses"/Certificate Request. Total: $101.88
Synthetic DRIP: Yes.
TFSA: Annual Fee $100* if under $25k
RRSP: Annual Fee $100* if under $25k
RESP: Annual Fee $50
CI Direct Trading (Formerly Virtual Brokers) *Inactivity Fee $24.95/qtr IF <$5,000 AND 0 trades
$0.01/Share to max $7.99 **Buy ETFs - no commission
$200/Certificate Request.
Synthetic DRIP: Yes. (Dividend Purchase Plan) Fee of $1/mth per account. Honours DRIP discount: No.
TFSA: No Annual or Withdrawal (EFT) Fee. CAD$
RRSP: No Annual Fee. CAD$
RESP: $25/year
$0 Fee Trading and Fractional Shares - fees
$250/Certificate Request.
Synthetic DRIP: Yes - Fractional shares. Honours DRIP discount: No. All or None: Yes.
TFSA: No Annual or Withdrawal (EFT) Fee. CAD$
RRSP: No Annual Fee.
RESP: No Annual Fee.
XETrade.com - Currency Exchange (Forex)
$0 Fee forex transfers (EFT / Debit - CAD/ USD)
Closed Brokerages
Credential Securities Credential Direct
$8.88/Trade **Effective 1-Oct-2014 was: $19/Trade or $9.95 if 10 trades/Quarter. $50 + 3rd Party Costs/Certificate Request (~ $75). Total: $84
Jitney Trade - JitneyTrade Online *Low activity fee $25/Qtr if less than 3 trades/Quarter
$8.99/Trade + ECN. $50/Certificate Request. Total: $58.99
Canadian ShareOwners - ShareOwners
$9.95/Trade Pooled) or $19.95/Trade (Individual) $75/Certificate Request. Total: $84.95 or $94
Synthetic DRIP: Yes, fractional and automatic List: Pre-screened securities.
TradeFreedom Accounts Moving to ScotiaiTrade as of Oct 18, 2010
*Low activity fee $25/Qtr possible if <$10K $9.95/Trade. *Minimum $1000 initial deposit. $50/Certificate Request. Total: $59.95
eNorthern - CLOSED as of Aug. 1, 2008
$24/Trade.$20/Certificate Request. Total: $44
PLEASE NOTE:
* To Request a Share / Stock Certificate, simply CALL your broker and ASK FOR ONE.
* A "traditional" DRIP & SPP (as described in the Primer) is different than a Synthetic DRIP offered by a Broker. You DRIP a company's stock, not a broker. Read more at FAQ Question #10.
* Regarding DRIP discounts offered by companies noted in the DRIP LIST, contact your broker if they pass along the discount when Synthetically DRIPping a particular company. The above notes regarding honouring DRIP discount is incomplete.
Current as of 2024. Errors and Omissions - Please Contact Us.