Electronic Brokerage Services Commission Schedule

Enjoy greater commission savings when you use TD Waterhouse Electronic Brokerage Services¹ to place your trade orders!

Flat Fee Commission Rates

	$50,000+ In Household Assets2	30 – 149 Trades/Quarter	150+ Trades/Quarter
Equities (Canadian & US)	$9.99 Flat	$9.99 Flat	$7 Flat
Options (Canadian & US)	$9.99 + $1.25 per contract	$9.99 + $1.25 per contract	$7 + $1.25 per contract

How It Works

• You are automatically eligible³ for our Flat Fee Commission Rates when you meet the trading activity thresholds or the household asset level threshold.
• If your combined household assets are greater than $50,000 but less than $100,000, you must also be subscribed to eServices – electronic account statements, trade confirmations, and tax documents.

Standard Commission Rates

Clients who do not qualify for Flat Fee Commission Rates will be subject to the following rates when placing trade orders through any of our Electronic Brokerage Services.

Equities (Canadian and US)

Stock Price	Up to 1,000 Shares	Over 1,000 Shares
$2 or greater	$29 FLAT	$0.03/Share
Under $2	1.5% of principal value ($29 Minimum)

Options (Canadian and US)

$29 + $1.75/Contract

Mutual Funds⁴

• 25% off the $45 redemption fees
• 25% off regular commission for "exception" funds

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

Global Trading

Review the Global Trading Commission Rate Schedule for online trades on foreign markets.

Fees

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

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. 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. Orders entered through an Investment Representative are subject to Telephone Brokerage Services Commission Rate Schedule. Option assignments and exercises are subject to a commission charge of $43 flat in the currency of the account. 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.

² Household accounts are defined as those TD Waterhouse Discount Brokerage accounts for clients living in the same household, with the same address. You must advise TD Waterhouse Discount Brokerage of these multiple account relationships.

³ Your household's quarterly trading activity and asset level are reviewed on a monthly basis. Flat Fee Commission Rates are automatically effective by the 4th business day of each month using your eligible trading activity from the previous three calendar months and your household asset level as at the end of the previous month. You may qualify for these rates if you fulfill either our trading activity or asset level requirements. Clients with combined household assets greater than $50,000 but less than $100,000 must also elect to have their household accounts registered for TD Waterhouse eServices – electronic account statements, trade confirmations, and tax documents – in order to qualify. An eligible trade is defined as a commissionable filled equity or option order. Account assets held and trades executed through TD Waterhouse Global Trading are excluded for the purpose of evaluating your qualification for the Flat Fee Commission Rate Schedule. You must re-qualify on a monthly basis for these rates to stay in effect.

⁴ Mutual fund charges imposed by the Fund companies (i.e. set-up fees, early redemption fees) are in addition to those charged by TD Waterhouse Discount Brokerage (if any). These charges vary with particular funds. The minimum purchase amount to trade through TD Waterhouse Discount Brokerage is $1,000. Minimum purchase amounts may vary with particular funds. Please refer to the simplified prospectus of each fund before investing.