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General fees

Your fees at a glance

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Save on annual administration fees

$100

annual fee1 divided between
all your accounts

 

$0

annual fee1 if one of the conditions opposite is satisfied

 

You don't pay the fee if:

  • You have assets of $20,000 or more as of May 312
  • You carry out at least 5 commission-generating stock, ETF or option trades between June 1 and May 31*
  • You only have an InvestCube account
  • you are a young investor aged 30 or under8 or an active investor who carries out more than 100 trades per quarter9
  • You're enrolled in one of our offers for professionals

*The year runs from June 1 to May 31.

Transaction and transfer fees

Description

Fees

RRSP3, RRIF, LIF or LIRA withdrawal

$50/operation

Internal transfer between registered accounts

$100/operation

NSF cheque4

$45/operation

Excess contribution reimbursement

$100/operation

Bank transfer

$75/operation

Total or partial transfer to another institution (plus commission if applicable)

$150/account

 

 

Specialized services fees

Description

Fees

Administration of restricted shares
(+ commission if applicable)

$250/transaction

Custodial services for a client

$30/security/month

Donation or substitution of securities
(max. $150)/transaction

$50/position

Registration/delivery of certificate

$50/operation

Registration/delivery of certificate
(rush)

$200/operation

Deposit of a stock certificate

$100/operation

Estate settlement

$200/succession

 

 

Other fees

Description

Fees

Investigation or confirmation request

$50/operation*

Gains and losses report (upon request)5

$50/item

Covering a debit balance in a RRIF/LIF account caused by a pre-authorized payment7  
(+ commission if applicable)

$25/operation

Duplicate statements or confirmations6

$10 /item

Duplicates for a third party

$100 /year

Unclaimed accounts/Accounts for which the address has been unknown for at least 12 months and accounts referred to the Curateur public du Québec or a similar organization in another province.

$80 /account    

 

 

*Depending on the complexity of the client's request, NBDB reserves the right to charge an hourly rate of $50.

The fine print

Calculating administration fees and fee exemptions

1. Annual administration fees and exemptions are calculated on all accounts held by a client, rather than on each individual account. For example, if none of the fee exemption criteria are satisfied, the annual fee of $100 will be divided between all of the client's accounts.

When multiple accounts are held under the same account root, the annual administration fee of $100 will be divided according to the number of active accounts. The fees will be charged in each active account on a prorated basis. The term “active” refers to any account with a positive balance or within which a security is held. For example, clients with two (2) active accounts will pay $50 for each account. Clients holding three (3) active accounts will pay $33.33 for each account, and so on.

2. The criteria for fee exemption must be satisfied on May 31 of each year to avoid annual administration fees.

Notes on transaction and transfer fees

3. Including Lifelong Learning Plan (LLP) and/or Home Buyers’ Plan (HBP) withdrawals.

4. Including electronic transfers with insufficient funds, NSF cheques, refused automatic withdrawals and stop payments.

Notes on other fees

5. This report is prepared upon request, to facilitate the management of your portfolio. However, your trade confirmations and account statement are the only official National Bank Direct Brokerage documents issued. National Bank Direct Brokerage does not guarantee the completeness and accuracy of the data contained in this gains and losses report.

6. Including account statements, trade confirmations, tax slips and RRSP contribution receipts.

7. These fees apply if National Bank Direct Brokerage must sell securities in your account to cover a pre-authorized RRIF/LIF payment.

Conditions for applying the new pricing

8. You must be 30 years old or younger to benefit from the young investor pricing. To be eligible, transactions must be carried out through our electronic solutions and you must receive all your documents by electronic delivery.

9. To benefit from the active investor pricing, one hundred (100) or more stock, ETF or option trades generating a commission must have been carried out under the same account root in the previous three (3) months (quarter). You must also receive all your documents by electronic delivery. When these criteria are met, the active investor pricing takes effect on the first business day of the following month. They must be met on the 1st day of each month to continue benefiting from the active investors’ commission schedule. This pricing does not apply to transactions placed through a representative, although they are considered when calculating the number of trades carried out during the quarter. Legal entity accounts are eligible for active investor pricing but cannot be combined with an individual account for the purpose of calculating transactions.

Notes on GST and provincial taxes

GST and provincial taxes are billed where applicable. The commission and fee schedule may be modified at any time. General fees are payable in the currency of the account. Any administrative operation or transaction not specified in the commission and fee schedule may generate additional charges. Other charges may apply, including but not limited to, all re-registration fees incurred from the transfer agent, legal representative or issuing company.

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