Telephone Brokerage Services Commission Schedule

Review our competitive Commission Schedule below for orders placed with an Investment Representative over the telephone.

Find out how you can save even more through our
Electronic Brokerage Services commission schedule.

Commission Rates

• Canadian Equities
• U.S. Equities
• Options
• Mutual Funds
• Fixed Income Investments
• Gold and Silver Certificates

CANADIAN EQUITIES¹

STOCK PRICE	COMMISSION
$0 - $.24	2.5%
$.25 - $1	$35 + $.005/sh
$1.01 - $2	$35 + $.02/sh
$2.01 - $5	$35 + $.03/sh
$5.01 - $10	$35 + $.04/sh
$10.01 - $20	$35 + $.05/sh
$20.01 and over	$35 + $.06/sh

Transactions with principal values less than $2,000 will be charged a flat fee of CDN $43.

A minimum commission of CDN $43 is charged for each trade. Full commission and fee charges apply for each partial fill except when transacted within the same business day.

All trade orders are charged an applicable commission rate on a per order basis. For instance, if multiple trade orders are placed on the same day, for the same security, and on the same side of the market, each individual order will be subject to the applicable commission rate.

Transactions with principal values over $250,000 are fully negotiable for Canadian trades.

U.S. EQUITIES¹

STOCK PRICE ($US)	COMMISSION ($US)
$0 - $.24	3 %
$.25 - $1	$39 + $.02/sh
$1.01 - $2	$39 + $.03/sh
$2.01 - $5	$39 + $.04/sh
$5.01 - $10	$39 + $.05/sh
$10.01 - $20	$39 + $.06/sh
$20.01 - $30	$39 + $.07/sh
$30.01 and over	$39 + $.08/sh

Transactions with principal values less than $2,000 will be charged a flat fee of USD $43.

A minimum commission of USD $43 is charged for each trade. Full commission and fee charges apply for each partial fill except when transacted within the same business day.

All trade orders are charged an applicable commission rate on a per order basis. For instance, if multiple trade orders are placed on the same day, for the same security, and on the same side of the market, each individual order will be subject to the applicable commission rate.

Transactions with principal values over $250,000 are fully negotiable for U.S. trades.

OPTIONS¹

OPTION VALUE	COMMISSION
$0 - $2	$35 + $1.50 per contract
$2.01 - $3	$35 + $2.00 per contract
$3.01 - $4	$35 + $2.50 per contract
$4.01 - $5	$35 + $3.00 per contract
$5.01 and over	$35 + $3.50 per contract

TD Waterhouse offers all potential equity and index option strategies.

Spreads and Combinations

Standard Commission Rate is charged on one side of the position only. Only applies to orders entered as a spread or combination.

Assignments and Exercises

A commission charge of $43 flat in the currency of the account is charged for each transaction.

MUTUAL FUNDS

Review the mutual fund commission structure available to you at TD Waterhouse Discount Brokerage.

FIXED INCOME INVESTMENTS¹

CANADIAN O.T.C. BONDS

Commissions, if any, for Bonds, Strip Coupons, GIC’s, T-Bills and other Fixed Income and Money Market securities are included in the quoted prices. Minimum purchase amounts vary by security.

U.S. AND EXCHANGE-TRADED BONDS

BOND PAR VALUE	COMMISSION
$0 - $49,999	$40 + $1.50/1000
$50,000 and over	$40 + $1.00/10002

² Minimum $110 fee.

For more information about fixed income commissions, please contact a Fixed Income Specialist at 1-888-983-BOND (2663) or (416) 229-9936.

GOLD AND SILVER CERTIFICATES¹

GOLD CERTIFICATES

CURRENT PRICE ($US)	COMMISSION ($US)
$0 - $299	$25 + $.20/oz
$300 - $349	$25 + $.30/oz
$350 - $399	$25 + $.40/oz
$400 - $449	$25 + $.50/oz
$450 and over	$25 + $.60/oz

SILVER CERTIFICATES

CURRENT PRICE ($US)	COMMISSION ($US)
$0 - $4.99	$25 + $.01/oz
$5.00 - $5.99	$25 + $.0125/oz
$6.00 - $6.99	$25 + $.015/oz
$7.00 - $9.99	$25 + $.0175/oz
$10.00 and over	$25 + $.02/oz

Safekeeping fees for certificates are U.S. $0.01 per oz. per month for gold and U.S.$0.001 per oz. per month for silver and will be charged at the time of purchase and every October 31 thereafter.

Fees

For complete information regarding TD Waterhouse Discount Brokerage's rates and fees, please refer to the Statement of Disclosure of Rates and Fees.

This document is in PDF format and requires Adobe Acrobat Reader.

If you require further assistance please telephone TD Waterhouse Discount Brokerage at 1-800-465-5463 or contact your local TD Waterhouse office.

¹ Commissions are current as of November 4, 2010. Rates and fees are unchanged as of January 2, 2010. We endeavour to keep the rates and fees posted at this site current. However, commissions, rates, fees and information are subject to change at any time without notice to users, and the posted rates and fees at this site may not immediately reflect such changes. Customers of TD Waterhouse products and services will be advised of applicable fee changes at least 60 days prior to the effective date of the change. Commissions are subject to change without notice. Fees are charged in the currency of the account to which they relate. Minimum commission or charges will be charged, as applicable, and will be charged in the currency of their market. Commissions include aggregate of brokerage costs and transaction fees. Charges include aggregate of administrative charges and service fees. Charges for other TD Waterhouse services available upon request. Rates also apply for TD Waterhouse Discount Brokerage Registered Accounts.