General fees

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.

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.

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.

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.

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.