General fees

Your fees at a glance

On this page

Save on annual administration fees


annual fee1 divided between
all your accounts



annual fee1 if one of the conditions is satisfied


You won’t pay any fees if2

  • you are a young investor aged 30 or under
  • You hold eligible3 assets totalling at least $20,000 as of May 31**
  • You participate in a financial program for engineers, teachers,  business, or healthcare professionals
  • You only have an InvestCube account

**The year runs from June 1 to May 31.

Transaction and transfer fees



Withdrawal from TFSA, RESP, RDSP


Electronic Funds Transfer


Lump-sum withdrawal from an RRSP4, RRIF, LIF


Transfer from a LIF to a locked-in account5


NSF cheque6


Excess RRSP contribution reimbursement


Wire Transfer, Non-NBC Bank Account (by phone only)


Total or partial transfer to another institution (+ commissions if applicable)


Internal transfer between a Canadian and US dollar account.




* Fees subject to GST and provincial sales taxes


Document Delivery



Electronic transmission of portfolio statements,
trade confirmations and tax slips7


Tax slips by mail


Portfolio statements by mail8

$6/quarter/ account root

Trade confirmations by mail9

$2/trade (billed monthly)



Specialized services fees



Administration of restricted shares
(plus commissions if applicable)


Custodial services for a client


Donation of securities
(max. $150)/transaction


Substitution of securities
(max. $150)/transaction


Registration/delivery of a physical or electronic certificate


Registration/delivery of a physical or electronic certificate


Deposit of a physical or electronic stock certificate


Fees related to holding securities of a CCPC14


Estate settlement


Estate asset liquidation15


* Fees subject to GST and provincial sales taxes


Other fees



Investigation or confirmation request

$50/hour (min. 1h)*

Gains and losses report (upon request)10


Covering a debit balance in a RRIF/LIF account caused by a pre-authorized payment11
(plus commissions if applicable)


Duplicate document12


Duplicates for a third party


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.


Correction fee

up to $90 / operation    

Non-resident Fee

$100 / account / year

T3 Declaration Fee

$200 / declaration*

* Fees subject to GST and provincial sales taxes


The fine print

  Calculating administration fees and fee exemptions

1. These fees are applicable to any account root opened before December 1st of the previous year. If there is a difference between the period indicated in the commission and general fee Schedule and the period published on our website, the latter will apply.

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 active accounts will pay $50 for each account. Clients holding three active accounts will pay $33.33 for each account, and so on.

Only fees charged in a registered account are subject to GST and provincial sales tax.

2 . The fee waiver criteria must be met by May 31 of each year to qualify for the annual administration fee waiver. In the event of a difference between the criteria indicated in the commission and general fee Schedule and those published on our website, these will apply.

3. Eligible assets include cash, stocks, options, exchange-traded funds, debentures, bonds and NBI Altamira CashPerformer Accounts.

Notes on transaction and transfer fees

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

5. This fee is charged when transferring from a LIF account to a locked-in account

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

Notes on document delivery

7. 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.

8. 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.

9. 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.

Notes on other fees

10. 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.

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

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

13. Fee for filing a T3 declaration related to non-qualifying securities operations in registered accounts.

Notes on specialized services fees

14. Annual fees charged for the administration of the securities of a Canadian-controlled private corporation. 

15. A fixed commission of $60 per position is applicable for liquidating transactions to be carried out by National Bank Direct Brokerage. The executor may carry out liquidating transactions according to the regular commission schedule.

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.

We're here for you

Ready to open an account?

Ready to open an account?

Open your online brokerage account in less than 15 minutes

Open an account

Picto of two text bubbles
FAQ icon