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RBC Direct Investing > Commissions & Fees > Commissions and Fees Schedule

Commissions and Fees Schedule

The following is the full commissions and fees schedule effective July 2, 2015. You can also view, print or save the commissions and fees schedule effective July 2, 2015 (opens PDF in new window).

 

COMMISSIONS1:


STOCKS, EXCHANGE-TRADED FUNDS AND OPTIONS TRADED ON THE CANADIAN & U.S. EXCHANGES

The following prices apply to each buy and sell transaction of stocks (including rights and warrants), exchange-traded funds (ETFs) and options trading on all North American exchanges and over-the-counter markets.

Orders placed using our online investing site or our mobile application

 

All clients — no minimum account balance or trading activity required

Clients with 150
or more trades/quarter2

Stocks3 and ETFs $9.95 flat per transaction $6.95 flat per transaction
Options $9.95 + $1.25 per contract $6.95 + $1.25 per contract

Orders placed using an Investment Services Representative

Stocks3 and ETFs

Stock Price Commission Rate
$0.00 — $0.50...........................2.5% of trade
$0.51 — $2.00................$35 + $0.02 per share
$2.01 and over................$35 + $0.05 per share

Options $35 + $1.75 per contract

Minimum commission: $43 per transaction
Canadian and U.S. stock or options transactions with a principal dollar value of $2,000 or less: $43

 

OPTIONS ASSIGNMENTS AND EXERCISES

The commission schedule for orders placed using an Investment Services Representative will apply for all options assignments and exercises.

 

NEW ISSUES

No commission charged for the purchase of new stock issues (when available).

 

MUTUAL FUNDS

No commissions4 charged to buy, sell or switch5 mutual funds using our online investing site, our mobile application or through an Investment Services Representative.

 

FIXED INCOME6

Treasury bills, bonds, strip bonds, debentures and other money market instruments
Commission is included in the quoted price:
  • Minimum commission: $25 per transaction ($43 for orders placed using an Investment Services Representative)
  • Maximum commission: $250 per transaction
GICs
  • Remuneration is included in the quoted price
 

GOLD AND SILVER CERTIFICATES (U.S. DOLLARS)



Certificates Commission Rate
Gold.................................$28.95 + $1 per oz.
Silver.............................$28.95 + $0.10 per oz.

Gold/silver minimum commission: $43 per trade
Gold minimum quantity: 5 oz. per trade
Silver minimum quantity: 100 oz. per trade
Note: No safekeeping charges for RBC gold or silver certificates

 

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FEES:

MAINTENANCE FEE Fee
Clients with combined assets of $15,000 or more across all of their RBC Direct Investing accounts No Fee
Clients with combined assets of less than $15,000 across all of their RBC Direct Investing accounts $25/
quarter7

The fee is also waived if a client meets any one of the following criteria:

  • Has signed up for a Pre-Authorized Contribution(s)8 (i.e. automatic regular savings transfers) for a combined total of $100/month ($300/quarter) or more in their RBC Direct Investing account(s) (registered or non-registered)
  • Has been an RBC Direct Investing client for less than six months (this allows new clients sufficient time to transfer assets into RBC Direct Investing)
  • Has a combined total of three or more commission-paid trades9 during the quarter in all RBC Direct Investing accounts (registered and non-registered)
  • Has a group RRSP account with RBC Direct Investing
  • Has qualified for the RBC Direct Investing Royal Circle® program10
  • Has an RBC Student Banking package — current or within the last five years11
  • Has an RBC VIP Banking® package
TRANSACTION AND OTHER FEES12 Fee
RSP withdrawals $50
TFSA withdrawals $0
Home Buyer’s Plan and Life Long Learning Plan withdrawals $25
RIF, LIF, RLIF, PRIF, LRIF Withdrawals:
Two withdrawals per year in addition to the scheduled payments $0
Each additional withdrawal $25
Substitution or Swap:
Exchange of cash or securities held in a registered plan with cash or securities of equal value held outside the plan $35
Mortgages in Self-Directed Plans (Set up before January 1, 2014):
Annual administration fee (pro-rated fee is deducted monthly for RRSP) $200
Miscellaneous:  
Wire transfer of funds to another financial institution within Canada or the U.S. $45
Cheque requests13 $10
Confirmation replacement $2
Statement replacement $5
Research account inquiries $40 per hour (min.$20)
Dishonoured item $25
Certificate registration — regular (approximately 2 to 3 weeks) $50
Certificate registration — rush (3 to 5 business days where available) $200
Transfer out (all account types, excluding donation of shares) $135
Internal transfers (third-party name) $25
Restricted shares13, 14 (holding securities subject to legal restriction on distribution and sale) $200 per security
Private shares13 14 $250 setup + $200 /annual fee
Legal security transfer fee15 $100
Collateral pledge accounts No setup or annual fee
Employee stock option plan16 $50
Estate account processing if assets are transferred within RBC17 $175/account
Estate account processing if assets are transferred out of RBC $350/account
 

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INTEREST RATES

Interest rates paid on cash balances or charged on debit balances are subject to change without notice. Up-to-date information on our rates is available at RBC Direct Investing Interest Rates page or by contacting an RBC Direct Investing Investment Services Representative.

 

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Note: GST, HST and provincial taxes are charged where applicable.