Canadian Brokerage Comparisons

Bank of Montreal
Email: invest@bmo.ca  Phone: 1-800-387-7800
Cdn Equities
Stock Price
$0.00 to $1.00 
$1.01 to $5.00 
$5.01 to $10.00 
$10.01 to $20.00 
$20.01 to $30.00 
$30.01 and over 
Commission
$35 + $0.005 / share 
$35 + $0.02 / share 
$35 + $0.03 / share 
$35 + $0.04 / share 
$35 + $0.05 / share 
$35 + $0.06 / share		 US Equities ($US)
Stock Price
$0.00 to $1.00 
$1.01 to $2.00 
$2.01 to $5.00 
$5.125 to $10.00 
$10.125 to $20.00 
$20.125 to $30.00 
$30.125 and over 
Commission
$35 + $0.02 / share 
$35 + $0.03 / share 
$35 + $0.04 / share 
$35 + $0.05 / share 
$35 + $0.06 / share 
$35 + $0.07 / share 
$35 + $0.08 / share
$35 max when the principal value is less than $2000.
2.5% max commission subject to minimum commission of $35

InvestorLine Online (Web & Telephone)
Shares
up to 1000
up to 1000
over 1000
over 1000
over 1000		 Price/Share
Any
Any
0.00 to $1.00
$1.01 to $5.00
$5.01 +		 Commission
$25 for Market Orders
$29 for Limit / Special Orders
$0.005 / share *
$0.02 / share
$0.03 / share
Min commission $25 for market orders & $29 for Limit/special orders.
For trades under $2000 the max. commission is $35
* The max. commission is 2.5% of the principle value when stocks are less than $0.20/share.
Commissions for US trades in $US
Option commissions at 20% discount with $29 min.
Mutual Fund commissions at 20% discount with $29 min.
Self Directed RRSP Annual Fee: $25
No Fee Account Size: $25,000    No fee in the first year for new accounts. 

Canada Trust
Email: Email Form  Phone: 1-800-560-6373 
Cdn Equities
Stock Price
$0.00 to $0.24 
$0.25 to $1.00 
$1.01 to $2.00 
$2.01 to $5.00 
$5.01 to $10.00 
$10.01 and over 
Commission
2.5% 
$35 + $0.005 / share 
$35 + $0.02 / share 
$35 + $0.03 / share 
$35 + $0.04 / share 
$35 + $0.05 / share 		 US Equities (US$)
Stock Price
$0.00 to $0.245 
$0.25 to $1.00 
$1.01 to $2.00 
$2.01 to $5.00 
$5.01 to $10.00 
$10.01 and over 
Commission
3.0% 
$35 + $0.02 / share
$35 + $0.03 / share 
$35 + $0.04 / share 
$35 + $0.05 / share 
$35 + $0.06 / share 
Max commission of $39 for trades of $2000.00 or less
Minimum commission of $39.
Web Trades
Shares
up to 1000
over 1000
over 1000
over 1000
over 1000		 Price/Share
Any
0.00 to $0.0245
0.25 to $1.00
$1.01 to $2.00
$2.01 +		 Commission
$29
1.5% 
$0.005 / share
$0.02 / share
$0.03 / share		 Min commission $29
Commissions for US trades in $US
Option commissions at 20% discount
Self Directed RRSP Annual Fee: $100
No Fee Account Size:$50,000

CIBC
Email: isinewaccount@cibc.ca  Phone: 1-800-567-3343
Cdn Equities
Stock Price
$0.00 to $0.24 
$0.25 to $1.00 
$1.01 to $2.00 
$2.01 to $5.00 
$5.05 to $10.00 
$10.05 to $20.00 
$20.05 and over 
Commission
2.5% 
$35 + $0.005 / share 
$35 + $0.02 / share 
$35 + $0.03 / share 
$35 + $0.04 / share 
$35 + $0.05 / share 
$35 + $0.06 / share 		 US Equities($US)
Stock Price
$0.00 to $0.245 
$0.25 to $1.00 
$1.01 to $2.00 
$2.01 to $5.00 
$5.125 to $10.00 
$10.125 to $20.00 
$20.125 to $30.00 
$30.125 and over 
Commission
3.0% 
$39 + $0.02 / share 
$39 + $0.03 / share 
$39 + $0.04 / share 
$39 + $0.05 / share 
$39 + $0.06 / share 
$39 + $0.07 / share 
$39 + $0.08 / share 
Max commission of $43 for trades of $2000.00 or less. Min commission of $43.
Transactions over $250,000 are negotiable.
Self Directed RRSP
Annual Fee: $100  Full SD RRSP
Annual Fee: $25    Restricted SD RRSP
No Fee Account Size: $15,000

Web Trades
Stocks
$0.00 - $4.99 
$5.00 +
Min $28.00 per trade		 35% off regular fees
45% off regular fees

Disnat
Email: information.disnat@riq.gc.ca  Phone: 1-800-268-8471
Cdn Equities
Stock Price
$0.00 to $0.50 
$0.51 to $1.00 
$1.01 to $2.00 
$2.01 to $5.00 
$5.05 to $10.00 
$10.05 to $20.00 
$20.05 to $30.00 
$30.05 and over 
Commission
2.0%
$35 + $0.005 / share 
$35 + $0.02 / share 
$35 + $0.025 / share 
$35 + $0.035 / share 
$35 + $0.045 / share 
$35 + $0.055 / share 
$35 + $0.065 / share 		 US Equities($US)
Stock Price
$0.00 to $0.245 
$0.25 to $1.00 
$1.01 to $2.00 
$2.01 to $5.00 
$5.125 to $10.00 
$10.125 to $20.00 
$20.125 to $30.00 
$30.125 and over 
Commission
3.0% 
$39 + $0.02 / share 
$39 + $0.03 / share 
$39 + $0.04 / share 
$39 + $0.05 / share 
$39 + $0.06 / share 
$39 + $0.07 / share 
$39 + $0.08 / share 
10% off for trades at market
Max commission of $42 for trades of $2000.00 or less
Min commission of $42.
Commission based on three openings days from the initial order.
Cash delivery transactions add $15.
Self Directed RRSP
Annual Fee (no stock): $25
Annual Fee (full): $100
No Fee Account Size: $25,000

Internet Trades
Shares
Any
< 1001
over 1000		 Price/Share
$2.00 -
$2.00 +
$2.00 +		 Commission
1.5%
$29
$0.03 / share		 Min commission $29
Commissions for US trades in $US


 
E*Trade
Email: service@tradeit.com   Phone: 1-888-872-3388 
Equities
Stock Price
$1.00 and under
$1.00 and under
$1.01 to $3.00
$1.01 to $3.00
$3.01 and over
$3.01 and over
Share Volume
under 5400 shares
5400 shares and over
under 1400 shares
1400 shares and over
under 1000 shares
1000 shares and over
Transaction Fee
$27.00
$0.005 per share
$27.00
$0.02 per share
$27.00
$0.03 per share
All transactions with principal value less than $3,500.00 will be charged a flat fee of $27.00.
The maximum fee is 1.5% of the principal value subject to a minimum of $27.00. 
Fees for U.S. equities are charged in U.S. dollars. ADD $15 for broker assisted trades.
Self Directed RRSP    Annual Fee: $38.88 
No Fee Account Size: $20,000
HSBC InvestDirect 
Email: support1@hsbc-nettrader.com  Phone: 1-800-398-1180 
Cdn Equities 
Stock Price
$0.00 to $0.24 
$0.25 to $1.00 
$1.01 to $2.00 
$2.01 to $5.00 
$5.01 to $10.00 
$10.01 to $20.00 
$20.01 and over 
Commission
2.5% 
$31 + $0.005 /share 
$31 + $0.02 /share 
$31 + $0.03 /share 
$31 + $0.04 /share 
$31 + $0.05 /share 
$31 + $0.06 /share 
US Equities($US) 
Stock Price
$0.00 to $0.24 
$0.25 to $1.00 
$1.01 to $2.00 
$2.01 to $5.00 
$5.125 to $10.00 
$10.125 to $20.00 
$20.125 to $30.00 
$30.125 and over

Commission
3.0% 
$35 + $0.02 /share 
$35 + $0.03 /share 
$35 + $0.04 /share 
$35 + $0.05 /share 
$35 + $0.06 /share 
$35 + $0.07 /share 
$35 + $0.08 /share 
Max commission of $40 for trades of $2000.00 or less.  Min commission of $40 
Transactions for more than $250,000 are fully negotiable 
Self Directed RRSP Annual Fee: None
Net Trader
Stock Price
$0.00 to $2.00 
$2.01 and over 
$2.01 and over 		 Share Volume
any #
up to 1000
over 1000		 Commission
1.5% 
$29 
$0.03/Share 		 Minimum commission of $29 per transaction 20% off options trades(min$29).
20% off mutual fund trades(min$29).
InvesNet (National Bank) 
Email: webtrad@invesnet.com  Phone: 1 800 363-3511 

Cdn Equities 
Stock Price
$0.00 to $0.50 
$0.51 to $1.00 
$1.01 to $2.00 
$2.01 to $5.00 
$5.01 to $10.00 
$10.01 to $20.00 
$20.01 to $30.00 
$30.01 and over 

Commission
$35 + 2% 
$35 + $0.005 / share 
$35 + $0.02 / share 
$35 + $0.035 / share 
$35 + $0.03 / share 
$35 + $0.04 / share 
$35 + $0.05 / share 
$35 + $0.06 / share 

 US Equities($US) 
Stock Price
$0.00 to $0.245 
$0.25 to $1.00 
$1.01 to $2.00 
$2.01 to $5.00 
$5.01 to $10.00 
$10.01 to $20.00 
$20.01 and over 
Commission
$35 + 2.5% 
$35 + $0.02 / share 
$35 + $0.03 / share 
$35 + $0.04 / share 
$35 + $0.05 / share 
$35 + $0.06 / share 
$35 + $0.07 / share 
Max commission of $35 for trades of less than $2000.00   Min commission of $35 
Self Directed RRSP       Annual Fee: $0

 
Internet Trades
Shares
up to 1000
over 1000
over 1000		 Price/Share
Any
$2.00 -
$2.00 +		 Commission
$24.50
1.4%
$0.025 / share		 Min commission $24.50
Options 30% off with $21 min.
Funds 30% off with $28 min.
Commissions for US trades in $US 
Charles Schwab Canada
Email: Service@SchwabCanada.com   Phone: 1-888-597-9999 
Equities 
Trade Value
under $5,000 
$5,001 to $10,000 
$10,001 to $40,000 
$40,001 to $100,000
over $100,000 
Commission
1.5 % 
1.0 % 
0.5 % 
0.25 %
0.20%		 Minimum commission of $50 per transaction
Electronic Trades at 50% off with a min of $30 per transaction
Web Pro 
Stock Price
$0.00 to $1.99
$2.00 and over		 Commission
$0.02 / share 
$0.03 / share 		 Minimum commission of $30 CA/$40 US per transaction.
CA trades of more than $60,000 have a min charge of $40.
High Volume Trades to be negotiated.
Options $30+$1.50/contract.
Self Directed RRSP Annual Fee: $50     Annual Fee (4+ trades/month):$0
Royal Bank Action Direct 
Email: contact.us@actiondirect.com   Phone: 1-800-769-2583 
Canadian Equities 
Stock Price
$0.00 to $0.245 
$0.25 to $1.00 
$1.01 to $2.00 
$2.01 to $5.00 
$5.125 to $10.00 
$10.125 to $20.00 
$20.125 and over 
Commission
2.5% 
$35 + $0.005 / share 
$35 + $0.02 / share 
$35 + $0.03 / share 
$35 + $0.04 / share 
$35 + $0.05 / share 
$35 + $0.06 / share 		 US Equities($US) 
Stock Price
$0.00 to $0.245 
$0.25 to $1.00 
$1.01 to $2.00 
$2.01 to $5.00 
$5.125 to $10.00 
$10.125 to $20.00 
$20.125 and over 
Commission
2.5% 
$35 + $0.02 / share 
$35 + $0.03 / share 
$35 + $0.04 / share 
$35 + $0.05 / share 
$35 + $0.06 / share 
$35 + $0.07 / share 
Min Commission of $40 per transaction  Maximum commission of $40 for transactions of $2000 or less.
Self Directed RRSP Annual Fee: $25              No Fee Account Size: $25,000

PCAction & NetAction                                  TelAction
Commission for < 1000 shares: $29 Commission for < 1000 shares: $35
Stock Price for 1000+ shares
$0.00 to $0.245 
$0.25 to $1.00 
$1.01 to $2.00 
$2.01 and over 
Commission
1.5% 
$0.005 / share 
$0.02 / share 
$0.03 / share 		 Stock Price for 1000+ shares
$0.00 to $0.245 
$0.25 to $1.00 
$1.01 to $2.00 
$2.01 to $5.00 
$5.01 and over 
Commission
1.5%
$0.005 / share 
$0.02 / share 
$0.03 / share 
$0.04 / share 

Scotia Discount Brokerage 
Email: sdbi_tor@sdbi.com   Phone: 1-800-263-3430
Cdn Equities 
Stock Price
$0.00 to $1.00 
$1.01 to $5.00 
$5.01 to $10.00 
$10.01 to $20.00 
$20.01 to $30.00 
$30.01 and over 		 Commission
$25 + $0.005 / share 
$25 + $0.02 / share 
$25 + $0.03 / share 
$25 + $0.04 / share 
$25 + $0.05 / share 
$25 + $0.06 / share 		 US Equities ($US) 
Stock Price
$0.00 to $5.00 
$5.01 to $10.00 
$10.01 to $20.00 
$20.01 to $30.00 
$30.01 and over 
Commission
$35 + $0.04 / share 
$35 + $0.05 / share 
$35 + $0.06 / share 
$35 + $0.07 / share 
$35 + $0.08 / share 

Canadian Equities
Flat Fee of $25 for trades of $1999.99 or less.
Minimum commission $25.
Trades over $250,000 are fully negotiable.		 US Equities
Flat Fee of $35 for trades of $1999.99 or less
Minimum commission $35.
Trades over $250,000 are fully negotiable.

 
Scotia Discount Broker: StockLine 
20% Off regular commissions 
Min commission of $20 for Canadian trades 
Min commission of $28 for US trades 
Self Directed RRSP Annual Fee: $75      No Fee Account Size: $15,000

 
 Sun Life Securities
Phone: 1-800-835-0812
Cdn Equities
Stock Price
$0.00 to $0.24 
$0.25 to $1.00
$1.01 to $2.00 
$2.01 to $5.00 
$5.01 to $10.00 
$10.01 to $20.00 
$20.01 to $30.00 
 		 Commission
2.5%
$35 + $0.005 / share 
$35 + $0.02 / share 
$35 + $0.03 / share 
$35 + $0.04 / share 
$35 + $0.05 / share 
$35 + $0.06 / share		 US Equities ($US)
Stock Price
$0.00 to $0.24 
$0.25 to $1.00
$1.01 to $2.00 
$2.01 to $5.00 
$5.125 to $10.00 
$10.125 to $20.00 
$20.125 to $30.00 
$30.125 and over 
Commission
3.0%
$39 + $0.02 / share 
$39 + $0.03 / share 
$39 + $0.04 / share 
$39 + $0.05 / share 
$39 + $0.06 / share 
$39 + $0.07 / share 
$39 + $0.08 / share
min commission is CDN$43 or US$43

 
 
Internet Trades
Stock Price
$0.00 to $2.00 
$2.01 and over 
$2.01 and over 		 Share Volume
any #
up to 1000
over 1000		 Commission
1.5% 
$29 
$0.03/Share 		 Minimum commission of $29 per transaction
20% off options trades
TD Waterhouse
Phone: 1-800-934-4448 
Canadian Equities 
Stock Price
$0.00 to $0.24 
$0.25 to $1.00 
$1.01 to $2.00 
$2.01 to $5.00 
$5.01 to $10.00 
$10.01 to $20.00 
$20.01 and over 
Commission
2.5% 
$35 + $0.005 /share 
$35 + $0.02 /share 
$35 + $0.03 /share 
$35 + $0.04 /share 
$35 + $0.05 /share 
$35 + $0.06 /share 		 US Equities($US) 
Stock Price
$0.00 to $0.245 
$0.25 to $1.00 
$1.01 to $2.00 
$2.01 to $5.00 
$5.125 to $10.00 
$10.125 to $20.00 
$20.125 to $30.00 
$30.125 and over 		 Commission
3.0% 
$39 + $0.02 /share 
$39 + $0.03 /share 
$39 + $0.04 /share 
$39 + $0.05 /share 
$39 + $0.06 /share 
$39 + $0.07 /share 
$39 + $0.08 /share 
Minimum commission of $43 per transaction 
Maximum commission of $43 per transaction of less than $2000
Transactions over $250,000 are fully negotiable
Self Directed RRSP
Annual Fee (no stocks): $25
Annual Fee (full): $100 
No Fee Account Size: $25,000
TD Web Broker, MicroMax, PC Broker
Stock Price
$0.00 to $2.00 
$2.01 and over 
$2.01 and over 		 Share Volume
any #
up to 1000
over 1000		 Commission
1.5% 
$29 
$0.03/Share 		 Minimum commission of $29 per transaction
Extra account charges for quotes or on line time may be applicable
20% off options trades
TD TeleMax
Stock Price
$0.00 to $2.00 
$2.01 and over 
$2.01 and over 		 Share Volume
any #
up to 1000
over 1000		 Share Volume
any #
up to 1000
over 1000		 Minimum commission of $35 per transaction
Extra account charges for quotes may be applicable
10% off options trades.

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