Bank of Montreal (BMO) - BMO Investorline
$29/Trade. *$9.99/Trade if more than $100,000 in assets or 30+Trades/Qtr.LINK
$50/Certificate Request. Total: $79 *Minimum $5000 initial deposit
Synthetic DRIP:Yes. All or None: ? List: Yes, selected securities.
TFSA: Annual Fee $50 if under $100kwithdrawal: ?
CIBC - Investor's Edge and Fees
$28.95/Trade. *$395/Year for 50 Trades.*Minimum $10,000 balance or $60/yr fee
$50/Certificate Request, $5 for each additional certificate. Total: $78.95
Fee Increase Feb-1-09: Old Fee $25/Trade, Certificate $30/request.
Synthetic DRIP: Yes?
TFSA: None yet.
Royal Bank - RBC Direct Investing*Min. $10,000 balance or $20 /quarter fee
$28.95/Trade. *$9.95/Trade if more than $100,000 in assets or 30+Trades/Qtr.
$50/Certificate Request. Total: $78.95
Synthetic DRIP: Yes. All or None: Yes. List: Approx. 500 securities. Honours DRIP discount.
TFSA: Annual Fee and Withdrawal Fee $0.
Scotiabank - ScotiaMcleod Direct Investing *No activity fee, $60/yr
$28.95/Trade. "ScotiaDirect"Old fee: 25.95$/Trade
$50/Certificate Request. Total: $78.95
Synthetic DRIP: Yes. All or None: No. List: Yes, approx. 200 securities.
TFSA: Annual Fee and Withdrawal Fee $0.
TD Bank - TD Waterhouse Canada
$29/Trade. *$9.99/Trade if more than $100,000 in assets or 30+Trades/Qtr.
$50/Certificate Request, $5 for each additional certificate of same security. Total: $79
Synthetic DRIP: Yes. All or None: No Honours DRIP discount.
TFSA: Annual Fee $50. $0 if registered for "eServices" or balance over $25,000.
National Bank - National Bank Direct Brokerage*2 trades/yr or $80/yr fee
$28.95/Trade.
$50/Certificate Request. Total: $78.95
Synthetic DRIP: Yes. All or None: No List: Yes, approx. 120 securities.
TFSA: Annual Fee $0 if 2 trades/year.
Desjardins, Caisse Populaire - DisNat Direct*1 trade/yr or $12.50/qtr fee (PDF)
$29/Trade. *$9.95/Trade if 10+ Trades/Month.
$50/Certificate Request. Total: $79
Synthetic DRIP: Yes. All or None: No. Honours DRIP discount.
TFSA: Annual Fee $0 if 1 trade/year. Transfer in Kind: $25.
Scotia iTrade - iTrade Canada *Owned by ScotiaBank *No Activity Fee Possible $25/Qtr
$19.99/Trade. *$9.99/Trade if more than $50,000 in assets or 30+Trades/Qtr
$50/Certificate Request. Total: $69.99
Synthetic DRIP: Yes. All or None: No
TFSA: Annual Fee and Withdrawal Fee $0.
HSBC - HSBC InvestDirect
$29/Trade.
$30 + "Out of Pocket Expenses" /Certificate Request. Total: $59
Synthetic DRIP: Yes.
TFSA: Annual Fee ?.
TradeFreedom - TradeFreedom * Owned by ScotiaBank*No activity fee $25/Qtr possible
$9.95/Trade. *Minimum $1000 initial deposit.
$50/Certificate Request. Total: $59.95
Synthetic DRIP: Yes/No?.
TFSA: Annual Fee and Withdrawal Fee $0.
QTrade Financial Group - QTrade Investor *Dormant account closure fee $25
$19/Trade. *$9.95/Trade if more than $100,000 in assets or 30+Trades/Qtr
$50/Certificate Request. Total: $69
Synthetic DRIP: Yes. All or None: No.
TFSA: Annual Fee and Withdrawal Fee $0.
Questrade - Questrade
$4.95/Trade. *Minimum $1000 initial deposit.
$200/Certificate Request. Total: $204.95
Synthetic DRIP: Yes. All or None: No. List: Almost all securities.
TFSA: Annual Fee and Withdrawal Fee $0.
Credential Securities Inc (Credit Unions) - Credential Direct*No Low Activity or Balance Fee*
$19/Trade.
$50 + 3rd Party Costs/Certificate Request (~ $75). Total: $94
Synthetic DRIP:
TFSA: Annual Fee and Withdrawal Fee $0.
Canadian ShareOwners CO-OP Investment Group - ShareOwners
$9/Trade (CO-OP) or $29/Trade (Immediate)
$40/Certificate Request. Total $49 or $69
Synthetic DRIP: Yes, fractional.
TFSA: Annual Fee: $50 and Withdrawal Fee $25.
eNorthern - CLOSED as of Aug. 1, 2008
$24/Trade.$20/Certificate Request. Total: $44
PLEASE NOTE:
* To Request a Share / Stock Certificate, simply CALL your broker and ASK FOR ONE.
* A "traditional" DRIP & SPP (as described in the Primer) is different than a Synthetic DRIP offered by a Broker. You DRIP a company's stock, not a broker. Read more at FAQ Question #10.
* Regarding DRIP discounts offered by companies noted in the DRIP LIST, contact your broker if they pass along the discount when Synthetically DRIPping a particular company.