Investment
Product
P r o f i l e r |
SELF-DIRECTED RRSP |
| Questions
to Ask: |
Answers
you may find: |
| Type
of services offered: |
Discount
Broker/ Full Services, |
| Offer
RRIF services |
Self-directed
and regular RRIF |
| Suggested
Portfolio Size: |
$50,000 |
| ANNUAL
FEE: |
SDRRSP
$25,000 + nil below $25,000 - $25.00
*Value RRSP - No min. (mutual funds & fixed income investments)
- nil |
| When
fee charged: |
October
15th |
| Is
fee pro-rated: |
No,
non-refundable |
OTHER
FEES:
Mortgage content fee: |
$200.00 |
| Dividend
re-investment fee: |
Included |
| Foreign
property fee: |
Included |
| SPECIAL
PROVISIONS if holding restricted to Mutual Funds, GICs, CSBs or
Companies own products. |
If
holding only debt instruments annual fee $25 |
| TRANSACTION
COSTS: |
Charged
according to commission and fee schedule. |
Except
Change Investment (Swaps): |
1
free, thereafter $25 |
| No-Load
Mutual Funds: |
None
on buy, $40 on sell |
| Sponsor
related Investments products: |
No
fee for affiliated Co's Mutual Funds or GICs |
| Euroclear: |
None |
| Nasdaq: |
$35
plus percentage/cents per share |
| Transaction
via other Broker/Dealer: |
$25
per shares. |
| RRIF
PAYMENT FREQUENCY: |
Monthly,
quarterly, semi-annually or annually |
Making
a change to the RRIF
payout amount. Admin fee: |
$100 |
| RRIF
PAYMENTS FEES: |
None |
| Unscheduled
withdrawal fee: |
2
additional to schedule, thereafter $25 |
| CLOSING
- DE-REGISTRATION WITHDRAWAL OR TRANSFER: |
INTERNAL |
EXTERNAL |
| Full
transfer :- Cash: |
Nil |
$25 |
| Securities: |
Nil |
Nil |
| Partial
transfer :- Cash: |
Nil |
$25 |
| Securities: |
Nil |
Nil |
| Full
withdrawal:- Cash: |
2
free withdrawals per year thereafter $25 |
2
free withdrawals per year thereafter $25 |
| Securities: |
2
free withdrawals per year thereafter $25 |
2
free withdrawals per year thereafter $25 |
| Other
termination fees: |
Full
annual fee charged. |
| CASH
BALANCES: |
Interest
credited monthly, calculated on the average daily closing balance
at premium savings rate. |
| Un-invested
cash balance covered by CDIC: |
Yes |
| MORTGAGE
INVESTMENTS: |
Arms
Length |
Non-arms
Length |
| Annual
administration fee: |
$225 |
$200 |
| Set-up
fee: |
$200 |
$200 |
| Receiving
Mortgage payments: |
None |
None |
Other
fees to be paid by Plan or Borrower
MICC/CMHC Application fee: |
N/A |
As
per mtge. issuer |
| Returned
cheque fee: |
$25 |
$25 |
| Early
renewal fee: |
$25 |
$85
+ IRD |
| Renewal
fee: |
$85 |
$85 |
| Discharge
fee: |
$100 |
$85 |
| Other: |
Mortgage
insurance app. fee $75
Survey fee for non-arms length $300 |
| Are
mortgage, terms, rates or conditions set by the Trustee or Plan holder |
Rates,
terms and conditions subject to the approval of the Trustee |
| Are
partnership mortgages offered: |
Yes |
| INVESTMENTS
HELD |
|
| Mutual
Funds: |
Allowed |
| Options
- Calls: |
Allowed
(Long calls and covered call writes) |
| Puts: |
Not
allowed |
| Section
4900 Private companies: |
Not
Allowed |
STATEMENTS
Transaction:
Asset: |
Monthly
if transaction
Quarterly |
| OTHER
COSTS |
|
| Over
contribution fee: |
$15 |
| Request
for research/Fee: |
$30
per hour, min. $25 |
| Other
special services: |
Full
service brokerage offered by company own full securities dealer, If
client of trust Co's arm - administration fee waived |
| DISCOUNT
BROKERAGE: |
TRANSACTION
COSTS: |
| Canadian
Equities: |
|
| Base
Rate |
$25 |
| Per
Share Price: |
.005
- .06 cents/share |
| U.S.
Equities: |
|
| Base
Rate: |
$35 |
| Per
Share Price: |
.02
- .08 cents/share |
| Minimum: |
$40 |
| Maximum
Commission: |
2.5
% of trade value - $35 |
| Options
Commission: |
|
| Base
Rate: |
CDN
$29 - $ US $29 |
| Plus
$/Contract Option Value: |
$1
- $2.50 on 1st contracts, .50 - $1.75 on additional. |
| Minimum
Commission: |
CDN
$29 - $ US $29 maximum $35 CDN - $45 US. |
MUTUAL
FUND COMMISSIONS:
PURCHASE: ($000) (%) |
|
Front
End Load:
Deferred
Sales Charge:
No Load: |
Under
$4,999 2.5% min. $40
$5,000 - $24,999 2% 25,000 and over 1%
None
$25 |
REDEEM:
Front end load: |
None
if issues own funds otherwise $15 |
| Deferred
Sale Charge: |
Varies
depending on Fund Co. |
| No
Load: |
$15 |
| SWITCH:
(with one family ($000) % |
|
| Front
end load: |
No
charge |
| Deferred
Sale Charge: |
Regular
commission of fees apply |
| No
Load: |
$40
flat |
| Affiliated
funds: |
No
commissions on switch |
| Other
special services: |
RRSP
loan program
Second SDRRSP
- Individual
- Spousal $35
- Locked- $25 |
IP-Profiler - Retirement
