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. Upon opening an account, the preselected delivery method for portfolio statements, trade confirmations, and tax slips is “by mail”. Access to our online services is required to change the delivery method for these documents to electronic transmission.

6. If the delivery method selected in your profile for portfolio statements is “by mail”, you will be charged a $6.00 fee on the last business day of the current quarter (i.e., on the last business day of the month in December, March, June and September). The
fee will be debited from one of the accounts you hold under the same root and in the currency of this account. You have until up to 48 business hours before the last business day of the current quarter to change the delivery method to “online” and avoid the mailing fee.

7. If the delivery method selected in your profile for trade confirmations is “by mail”, you will be charged a $2.00 fee per trade on the last business day of the current month for transactions carried out between the last business day of the previous month and the next-to-last business day of the current month. These fees will be debited from the account in which the trades were carried out and in the  currency of the account. You can change the delivery method for trade confirmations to “online” at any time to avoid mailing fees.

8. 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.

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

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

11. 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.