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A list of the Discount Brokers in Canada and their basic equity trade commission along with the fee to request a share certificate in your name.   Fee is for EACH certificate, regardless # of shares.

This is to compare the cost to purchase 1 share & to request a certificate for the purpose of enrolling in the Company Sponsored DRIP & SPP plan (Single or Group Buys) and not a Synthetic DRIP.   Or more simply just to compare trade commissions in Canada.

  Bank of Montreal (BMO) - BMO Investorline   *$25 Low Activity Fee for non-reg possible
$9.95 / Trade effective 11-Feb-2014
  
was:  $29/Trade.  *$9.99/Trade if more than $50,000 in assets or
30+Trades/Qtr.

$50/Certificate Request. Total: $79 *Minimum $5000 initial deposit
Synthetic DRIP:Yes.  All or None: ?  List: Yes, selected securities.
TFSA: Annual Fee $50 if total assets under $100k.  Withdrawal: $25
RRSP: Annual Fee $100 if under $25k
RESP: Annual Fee $50 if under $25k

CIBC - Investor's Edge
and Fees
$28.95/Trade.  *$395/Year for 50 Trades.*Minimum $10,000 balance or $60/yr fee ** $100k in Assets/Loans $6.95/Trade
$50/Certificate Request, $5 for each additional certificate. Total: $78.95
Fee Increase Feb-1-09:  Old Fee $25/Trade, Certificate $30/request.
Synthetic DRIP: Yes (?)  
Honours DRIP discount (?)
TFSA: 0$. 
Withdrawal: ?
RRSP: Annual Fee $100 if under $25k
RESP: Annual Fee $50 if under $15k


Royal Bank - RBC Direct Investing *Min. $15,000 balance in ALL accounts or 3 trades/Qtr or $25/Quarter fee *Eff. Jul-2012
$9.95 / Trade effective 15-Jan-2014
was: $28.95/Trade. *$9.95/Trade if more than $50,000 in assets or 30+Trades/Qtr.

$50/Certificate Request.
Total: $59.95
Synthetic DRIP:  Yes.  All or None:  Yes.  List: Approx. 500 securities Link. Honours DRIP discount.
TFSA:   Annual Fee: See Above (was free) and Withdrawal Fee $0.
RRSP:  Annual Fee: See Above
RESP:  Annual Fee: See Above


TD Bank - TD Waterhouse Canada *
*Low Activity Fee $25/Qtr if <$15,000 and < 2 trades
$9.99/trade effective 7-Feb-2014
was: $29/Trade.  *$9.99/Trade if more than $50,000 in assets or 30+Trades/Qtr.

$50/Certificate Request,
$5 for each additional certificate of same security. Total: $59.99
Synthetic DRIP: Yes.  All or None: No.   Honours DRIP discount.
TFSA: Annual Fee $50.  $0 if registered for "eServices" or Total TD-W assets over $50,000.
RRSP: Annual Fee $100 if under $25k
RESP: Annual Fee $50 if under $25k

National Bank - National Bank Direct Brokerage *Low activity fee: 4 trades/yr or $100/yr fee
$28.95/Trade.  *
$9.95/Trade if $50,00 in assets.
$50/Certificate Request. 
Total: $78.95
Synthetic DRIP:  Yes   All or None: No   List:  Yes, approx. 120 securities.
TFSA: Annual Fee $0 if 2 trades/year or only National Bank assets.
RRSP: Annual Fee $100 if under $25k
RESP: Annual Fee $50 if under $25k

 
Desjardins, Caisse Populaire - DisNat Direct  *Low Activity Fee: $25/Qtr if <2 trades/yr or <$15,000 link
$9.95 / Trade effective March-2014

was: $29/Trade. *$9.95/Trade if 10+ Trades/Month or $50,000 in assets.

$50/Certificate Request. 
Total: $59   *Single trade account fee $50  *$10/Certificate deposit
Synthetic DRIP:  Yes.  All or None: No.  Honours DRIP discount.
TFSA:  Annual Fee $0 if 2 trades/year or $15,000 in assets.  Transfer in Kind: $25.
RRSP: Annual Fee $100 if under $15,000.
RESP: Annual Fee $50 if under $15,000 in all accounts.

 

Scotiabank - iTrade Canada  *Low activity fee $25/Qtr possible if <$10K on Investment accounts ONLY
$24.99/Trade.  *$9.99/Trade if more than $50,000 in assets or 30+Trades/Qtr
** Fee Increase April-2012:  Old Fee $19.99/Trade

$50/Certificate Request.  Total: $74.99
Synthetic DRIP: Yes, Partial Shares(?).  All or None: No  Honours DRIP discount.  **Buy / Sell select list of ETFs for free.
TFSA: No Annual Fee, Withdrawal Fee or Low Activity Fee
RRSP: 
Annual Fee $100 if under $25k in ALL accounts
** Fee Increase September-2012: RRSP was free prior to this date

RESP: Annual Fee $25 if under $15k in ALL Accounts
** Fee Increase September-2012: RESP was free prior to this date


QTrade Financial Group - QTrade Investor 
$19/Trade. *$9.95/Trade if >$50,000 in assets or 30+Trades/Qtr  *Min $1000 initial deposit 
 **Buy / Sell select list of ETFs for free.
$50/Certificate Request. 
Total: $69
Synthetic DRIP: Yes.  All or None: No.  
Honours DRIP discount: ?
TFSA:   No Annual Fee or  Withdrawal Fee.  No low activity fee.
RRSP
Annual Fee $50 if under $15k
RESP
Annual Fee $50 if under $15k


 
Questrade - Questrade
$4.95/Trade + ECN Fees. 
*Minimum $1000 initial deposit. 
          **OCT-2012: $19.95 Rebateable Inactivity Fee if <$5,000

$300/Certificate Request.
Total: $304.95
Synthetic DRIP: Yes.  All or None: NoListAlmost all securities. 
 Honours DRIP discount: No.  **Buy any ETF for free.
TFSA:  No Annual Fee or  Withdrawal Fee.
RRSP: No Annual Fee. No low activity fee.
RESP: No Annual FeeNo low activity fee.

Virtual Brokers (BBS Securities) *No Low Activity or Balance Fee*

$0.01/Trade to max $9.99               ** Buy / Sell 100 ETFs for free.  Offers Dividend Purchase Plan.
$200/Certificate Request. 
 
Synthetic DRIP:  Yes  Fee of $1/mth per account.   
Honours DRIP discount: No.
TFSA: No Annual Fee. Withdrawal Fee $25.
RRSP: Annual Fee $50 if under $15k.  No low activity fee.
RESP: $25/year fee.


HSBC - HSBC InvestDirect   *Inactivity Fee Possible $50/year
$28.88/Trade.   
$9.88/Trade if more than $50,000 in assets or 30+Trades/Qtr
  $95 + "Out of Pocket Expenses"/Certificate Request
Total: $123.88
Synthetic DRIP:  Yes.
TFSA: Annual Fee $50* 
if under $15k
RRSP: Annual Fee $50* if under $15k
RESP: Annual Fee $50
 *$25 for subsequent accounts.



Credential Securities Inc (Credit Unions) - Credential Direct *No Low Activity or Balance Fee*
$19/Trade or $9.95 if 10 trades/Quarter.
$50 + 3rd Party Costs/Certificate Request (~ $75).  Total: $94
Synthetic DRIP: 
Yes   Honours DRIP discount.
TFSA: No Annual Fee or  Withdrawal Fee.
RRSP: Annual Fee $50 if under $15kNo low activity fee.
RESP: 
No Annual Fee.

Jitney Trade JitneyTrade Online *Low activity fee $25/Qtr if less than 3 trades/Quarter

$8.99/Trade + ECN.  $50/Certificate Request.  Total: $58.99
Synthetic DRIP:  ?.   Honours DRIP discount: ?
TFSA: $20/Year fee.
RRSPAnnual Fee $125 for all Registered accounts.
RESP: 
?


Canadian ShareOwners CO-OP Investment Group - ShareOwners
$9.95/Trade (CO-OP) or $29/Trade (Immediate)
$75/Certificate Request.  Total: $84.95 or $104
Synthetic DRIP: Yes, fractional and automatic  List: Pre-screened securities.
TFSA: Annual Fee: $50 and Withdrawal Fee $25
RRSP: Annual Fee $78
RESP: Annual Fee $50

ScotiaMcleod Direct Investing *Low Activity Fee, $25/Qtr if Zero Trades - No longer available.
$28.95/Trade.  "ScotiaDirect" Old fee:  25.95$/Trade
$50/Certificate Request.
  Total: $78.95
Synthetic DRIP: Yes.  All or None: No.  List:  Yes, approx. 200 securities.
TFSA: Annual Fee and Withdrawal Fee $0.
RRSP: Annual Fee $100 if under $25k
RESP: Annual Fee $25 if under $15k


eNorthern - CLOSED as of Aug. 1, 2008
$24/Trade.$20/Certificate Request.  Total: $44


Scotiabank - TradeFreedom * Accounts Moving to iTrade as of 18-Oct-2010 
*Low activity fee $25/Qtr possible if <$10K
$9.95/Trade. *Minimum $1000 initial deposit. $50/Certificate Request.  Total: $59.95

PLEASE NOTE:
* To Request a Share / Stock Certificate, simply CALL your broker and ASK FOR ONE.

* A "traditional" DRIP & SPP (as described in the Primer) is different than a Synthetic DRIP offered by a Broker. You DRIP a company's stock, not a broker.  Read more at
FAQ Question #10.

* Regarding DRIP discounts offered by companies noted in the DRIP LIST, contact your broker if they pass along the discount when Synthetically DRIPping a particular company.  The above notes regarding honouring DRIP discount is incomplete.