Discount Brokerage

Standard Commission and Fee Schedule

Review our competitive Commission and Fee Schedule below.

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

CANADIAN EQUITIES¹

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

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

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.

SPECIAL NOTE

When an order is placed through one service (for example, an Investment Representative) and then changed through a different service (for example, an Electronic Brokerage Service), the commission charged will be based on the service with the higher commission structure.

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

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

SILVER CERTIFICATES

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.

FOREIGN CURRENCY CONVERSION

If you make a trade involving a security which is denominated in a currency other than the account in which the trade is to settle, a conversion of currency may be required. In all such transactions and at any time a conversion of currency is made, we will act as principal with you in converting the currency at rates established or determined by us or parties related to us. We and the parties related to us may earn revenue, in addition to the commission applicable to such a trade, based on the difference between the applicable bid and ask rates for the currency and the rate at which the rate is offset, either internally, with a related third party, or in the market. Conversion of currency, if required, will take place at the trade date unless otherwise agreed.

Where a transaction with a mutual fund company involves a currency conversion, the company may charge you for the conversion. Where the company is not a member of the TD Bank Financial Group, neither we nor any party related to us earns any revenue in connection with such conversions. Where the company is a member of the TD Bank Financial Group, it may earn revenue in connection with such conversions as described herein, but we do not.

For rates, please telephone TD Waterhouse Discount Brokerage at 1-800-465-5463 or contact your local TD Waterhouse office.

BANKING FEES

³ This service is only available to President’s Account clients. For EasyLine and EasyWeb inquiries, refer to the TD Canada Trust “About Our Accounts and Related Services” brochure for current charges, available by visiting your TD Canada Trust branch.

⁴ Fee is charged in the currency of the payment source.

INTEREST RATES

For current interest rates on cash balances for Trading Accounts⁵ and Registered Accounts, and for borrowing on Margin Accounts, visit the TD Waterhouse Discount Brokerage Annual Interest Rates page.

For all other interest rates, including debit balances for Cash Accounts and Registered Accounts, please telephone TD Waterhouse Discount Brokerage at 1-800-465-5463.

⁵ Interest of less than $5.00 on cash balances in any month is not paid.

TRADING ACCOUNTS

⁶ Subject to GST or HST where applicable.

⁷ Commissionable trades are: Buys and sells of Equities, Options, Mutual Funds with fees (excludes MERs), Fixed Income – Bonds, Treasury Bills, Bankers’ Acceptances, Bearer Deposit Notes, Commercial Paper and Crown Corporation Money Market Instruments. Buys and sells of GICs, Term Deposits, Canada Savings Bonds, Money Market Mutual Funds and Provincial Savings Bonds are not considered commissionable trades.

REGISTERED ACCOUNTS

⁸ Subject to GST or HST where applicable.

⁹ If registered account balance is $25,000 or over, the fee is waived. Waiver not applicable to clients electing to pay administration fee from outside of their account.

TRADING ACCOUNTS AND REGISTERED ACCOUNTS

¹⁰ Subject to GST or HST where applicable.

ESTATE ACCOUNTS

¹¹ Subject to GST or HST where applicable. Other charges may apply, including but not limited to all applicable fees incurred from the transfer agent, lawyer or issuing company for re-registration.

OTHER FEES

¹² Subject to GST or HST where applicable.

¹³ Other charges may apply, including but not limited to all applicable fees incurred from the transfer agent, lawyer or issuing company for re-registration.

¹⁴ Fee is charged in the currency of the payment source.

Need Help?

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, rates and fees are current as of November 6, 2008. 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. Fee is charged on the currency of the payment source. 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.