Investment
Product
P r o f i l e r:
|
Self-Directed
Registered Retirement Income Funds |
| Questions
to Ask: |
Answers
you may find: |
| Type
of services offered: |
Discount
Broker/ Full Services |
| Suggested
Portfolio Size: |
$50,000 |
| ANNUAL
FEE: |
$100
|
|
When fee charged: |
October
15th |
|
Is fee pro-rated: |
No,
non-refundable |
OTHER
FEES:
Mortgage content fee:
|
$200 |
| 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 |
$15/security
position min. $50 max. $100 |
| 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 |
| Partial
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
mtg. 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 |
Trustee |
| Are
partnership mortgages offered: |
No |
| INVESTMENTS
HELD |
|
| Mutual
Funds: |
Allowed
|
| Options
- Calls: |
Allowed
(Long calls and covered call writes) |
| Puts:
|
Not
allowed |
|
Section 4900 Private companies: |
Allowed
|
STATEMENTS
Transaction:
Asset: |
Monthly
if transaction
Quarterly |
| TRUSTEE: |
The
Trust Company |
| OTHER
COSTS AND/OR SERVICES: |
|
| Request
for research/Fee: |
$30
per hour, min. $25 |
| Other
RRIF options available at the Financial Institution |
None |
| 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: |
Under
$4,999 2.5% min. $40
$5,000 - $24,999 2% 25,000 and over 1% |
|
Deferred Sale Charge: |
None |
|
No Load: |
$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 |
IP-Profiler - Retirement
