There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Please read the prospectus or Fund Facts before investing. Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer, their values change frequently and past performance may not be repeated. For money market funds there can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you.
Legal Disclaimer 1)
All RBC Direct Investing clients pay $9.95 flat CDN or U.S. per equity trade with no minimum account balance or trading activity required. $6.95 flat CDN or U.S. per equity trade when you trade 150 times or more per quarter. This pricing only applies to trades placed through an available Automated Service (as such term is defined in RBC Direct Investing’s Operation of Account Agreement), including the online investing site and mobile application. Additional terms and conditions apply. Visit www.rbcdirectinvesting.com/lowtrades
or call 1-800-769-2560
for complete details.
Legal Disclaimer 2)
All commissions are charged in the currency in which the security trades. Trade orders entered will be charged the applicable commission rate on a per order basis. Partially filled orders: Partial fills executed on more than one day will be charged applicable commissions for each day. Note: Commissions are in addition to fees charged by the local securities commission as applicable.
Legal Disclaimer 3)
“Stocks” or “stock” as used in this Commissions and Fees Schedule includes any type of security traded on an exchange or in another marketplace.
Legal Disclaimer 4)
For option assignments and exercises the investment services representative equity rates apply.
Legal Disclaimer 5)
Mutual fund companies may assess additional fees — for example, deferred sales charges on back-end load funds, early redemption fees, setup fees and fees for insufficient funds on pre-authorized purchases.
Legal Disclaimer 6)
Switch orders are only permitted within the same family of funds and load types.
Legal Disclaimer 7)
All commissions are charged in the currency in which the security trades. Commission for listed debentures is charged according to the Stocks Commission Schedule.
Legal Disclaimer 8)
There is no quarterly maintenance fee charged if your combined assets are $15,000 or more across all of your RBC Direct Investing accounts. If your combined assets are less than $15,000 across all of your RBC Direct Investing accounts, you will be charged one maintenance fee of $25 per quarter (split across all of your accounts). For full details please refer to the complete Commissions and Fees Schedule at www.rbcdirectinvesting.com/fees
Legal Disclaimer 9)
For clients with multiple positive balance accounts with RBC Direct Investing, the maintenance fee will be pro-rated such that the total maintenance fee on all accounts will add up to $25/quarter. For example, clients with two accounts will pay $12.50 per quarter per account, and clients with three accounts will pay $8.33 per quarter per account and so on. Clients can open a maximum of 10 accounts for a combined maintenance fee of $25/quarter. Additional maintenance fees will apply if a client opens more than 10 accounts. This fee will be assessed on client information as at the end of each quarter (March 31, June 30, September 30, December 31) and will be charged in April, July, October and January of every year.
Legal Disclaimer 10)
Clients with Pre-Authorized Contributions (PAC) must have a net contribution of $300 or more for the quarter to qualify for the maintenance fee waiver.
Legal Disclaimer 11)
A commission-paid trade is defined as a stock, exchange-traded fund or options order for which a commission has been charged.
Legal Disclaimer 12)
There are two ways to qualify for the RBC Direct Investing Royal Circle program. The average of the month-end balances from the past four months must be at least $250,000 per client, or a client’s equity commissions must be greater than $5,000 annually. Membership in Royal Circle is reviewed annually to ensure the qualification criteria are met. RBC Direct Investing reserves the right to alter the benefits at anytime and to remove clients who no longer qualify for the program, without prior notification.
Legal Disclaimer 13)
Eligible RBC student clients with an RBC Advantage Banking for students account (RBC Student Banking account and/or RBC No Limit Banking for Students account) and who also have an RBC Direct Investing account are eligible to receive a waiver of the RBC Direct Investing account quarterly maintenance fee (the “Fee Waiver”). (Note: Effective April 27, 2021, the RBC Student Banking and RBC No Limit Banking for Students accounts are no longer available for sale. However, eligible student clients who opened either of these account types prior to April 27, 2021 may still receive the Fee Waiver if they meet all other applicable criteria.) The Fee Waiver will apply: i) while the client is an RBC student client; and ii) for five years after the client ceases to be a RBC student client, as long as any personal deposit account is maintained with RBC Royal Bank. In the case of RBC Direct Investing joint accounts, the Fee Waiver will be allowed for the younger of the joint account holders only, based on the dates of birth we have in our records for such joint accountholders.
Legal Disclaimer 14)
Fees will be charged in the currency of the transaction.
Legal Disclaimer 15)
Any out-of-pocket expenses (e.g. courier charges) incurred by RBC Direct Investing will be charged in addition to the fee specified.
Legal Disclaimer 16)
Clients may hold restricted/private shares on an exception-only basis and only as permitted by RBC Direct Investing, in its sole discretion.
Legal Disclaimer 17)
Includes certificates for estates, guardianship, corporate name change, general power of attorney, transfer, trust agreement, bankruptcy and committee.
Legal Disclaimer 18)
Debit interest on exercise cost accrues from the day the funds are sent to the company to the day the shares are received. Regular commission fees on the sale of shares will apply, plus any applicable out-of-pocket expenses charged by the company or its transfer agent.
Legal Disclaimer 19)
The estate account processing fee is waived if it is a Joint with Rights of Survivorship (JWROS) account.