Skip to main content Home | Contact us | Site Map | Français | | CIBC.com | CIBC Websites
Benefits
Fees

Fees

Schedule Effective Date: January 1, 2013

 



Registered Accounts

General Administration Fees

Fees charged are for the period of January 1st to December 31st, or any part thereof, payable on September 1st.

    RRSP, RRIF, LIRA, LIF: $100

  • There are no administration fees for any registered account with a market balance greater than $25,000.
  • RESP: $0

  • There is no administration fee for RESP accounts.
  • FundPlus RRSP, RRIF, LIRA, LIF: $25

  • FundPlus accounts are no longer offered by Investor’s Edge. Existing FundPlus accounts are subject to this fee.
  • TFSA: $0

  • There is no administration fee for TFSAs.

Please Note: General Administration Fees are also applied to restricted accounts, regardless of account balances, where account documentation has been outstanding for more than 180 days since account opening.

GST/HST, QST and PST are charged where applicable.

Other Registered Plan Fees

RRSP Deregistration
Full Plan Withdrawal $100
Partial Withdrawal* $50
 
RRIF/LIF payments
Scheduled Payments No Charge
Full Plan Closure $25

* A Partial Plan Withdrawal that results in a balance of $100 or less remaining in a registered account is treated as a Full Plan Withdrawal and will be charged a fee of $100.


Transfers Out
Transfer fee is waived if plan/fund is transferred within the CIBC group of companies. $135

Substitutions (Swaps) (per security)
For exchanging securities held in your LIF/LIRA/RRSP/RRIF/RESP with cash or securities of equal value held outside the Plan.  $35 

CCPC Transactions
Transaction fee for handling Canadian Controlled Private Corporation (CCPC) shares (per transaction).
Note: GST/HST, QST and PST are charged where applicable.
$250

Mortgages for Registered Accounts

The mortgage administration fee is in addition to the annual RRSP/RRIF administration fee. The mortgage administration fee is $225, payable on September 1, for each mortgage in your account at any time during the period of January 1 to December 31. The fee is not payable on a pro rata basis for any partial year that a mortgage is in your account.

  • The Mortgage Set-Up Fee is $200 for each mortgage, payable at the time each mortgage is established in your Plan.

  • The Renewal Fee is $85 for each mortgage.

  • The Early Renewal Fee is $100 for each mortgage.

  • The Discharge Fee is $100 for each mortgage.

  • The Transfer In/Out Fee is $100 for each mortgage.

Additional fees (such as legal, appraisal, and CMHC/GEMI application fees) are applicable for most mortgages. Contact a CIBC Investor's Edge Representative for more details.

GST/HST, QST and PST are charged where applicable.


Non-Registered Accounts

Account Maintenance Fees

An annual fee of $100 CDN will be applied to CIBC Investor's Edge non-registered accounts with market balances less than $10,000. Your account will be exempt from this fee if:

  • you also hold a CIBC Investor's Edge registered account (RRSP, RRIF, RESP, LIRA, LIF)

  • your account is an informal trust

  • your account has been open for less than 90 days.

This fee will be assessed based on account balances at the close of business day on September 15th of each year. This fee is also applied to all restricted accounts, regardless of account balances, where account documentation has been outstanding for more than 180 days since account opening.

Other Investment Account Fees


Transfers Out
Transfer fee is waived if plan/fund is transferred within the CIBC group of companies. $135

GST/HST, QST and PST are charged where applicable.

Other Administrative Fees

Account Investigation Fee (minimum $25) $40/hr

Cash Transfers
Transfers to a CIBC branch No Charge
Transfers to other institutions (electronic) $25

Certificate Registration
Registration of securities in your name or in the name of a specified person $50
Registration of each additional certificate $5
Additional charges may apply if delivery of certificates is made by means other than regular mail.

Estate Account Processing* $100

*Fee charged for processing required by the death of an accountholder.


Dishonoured (NSF) Cheque or Pre-Authorized Payment $45

Duplicate statements or confirmations (per statement or confirmation) $10

Account Investigation Fee (minimum $25) $40/hr

Unclaimed Accounts (per account) $120/yr
This fee is charged to accounts where the client address is unknown, or where the account is unclaimed. Clients are responsible for ensuring that we have their up-to-date mailing address on file.

Out-of-pocket expenses incurred may be charged in certain circumstances (e.g., loss resulting from closing out a transaction, administration time, cost of funds at the prevailing margin interest rate to carry the account in a positive position, courier charges, etc.). If charges apply for additional services you request, they will be disclosed prior to implementation.

Notice of Fee Change: If a fee applicable to your account is increased or a new fee is introduced, you will receive notification 60 days prior to the effective date of the change.

If the fee relates to an activity in the Canadian dollar portion of your account, the charge will be in Canadian dollars. If the fee relates to an activity in the U.S. dollar portion of your account, the charge will be in U.S. dollars, unless otherwise noted.



GST/HST, QST and PST are charged where applicable.


CIBC ISI and CIBC World Markets Inc. (WM) are subsidiaries of CIBC. We are required by the regulators to inform you that WM (the carrying broker) provides certain back-office services to CIBC ISI (the introducing broker) including trade execution, settlement, custody of cash and securities, bookkeeping, and financing of customer positions. For regulatory purposes, you are a client of WM. Cash balances in non-registered accounts are not insured by the Canada Deposit Insurance Corporation or any other government insurer but are fully guaranteed by CIBC. Unless with respect to a specific security you are informed to the contrary, securities sold are not guaranteed by the Canada Deposit Insurance Corporation or CIBC. The value of many securities may fluctuate. Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. To obtain a copy call CIBC Investor Services Inc. at 1 800 567-3343. Mutual funds are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer nor are they guaranteed by CIBC. There can be no assurances that Savings Funds will be able to maintain their net asset value per security at a constant amount or that the full amount of your investment will be returned to you. The values of Income and Growth Funds change frequently. Past performance may not be repeated.

® Registered trademark of CIBC.

CIBC Investor Services Inc. licensee of mark.

™Trademark of CIBC

The information contained herein is considered accurate at the time of posting. CIBC, CIBC World Markets Inc. and CIBC Investor Services Inc. reserve the right to change any of it without prior notice. It is for general information purposes only. Clients are advised to seek advice regarding their particular circumstances from their personal tax advisors.

CIBC Investor's Edge is the discount brokerage division of CIBC Investor Services Inc., member of the Canadian Investor Protection Fund. CIBC Investor Services Inc. does not provide you with any legal, tax, or accounting advice or advice regarding the suitability or profitability of a security or investment in a CIBC Investor's Edge account. You assume full responsibility for transactions in your CIBC Investor's Edge account and for your investment decisions.

The information on this Web site is general only; it is not intended as specific investment, financial, accounting, legal or tax advice for any individual, and you should not rely on it as such.

CIBC Investor’s Edge is a division of CIBC Investor Services Inc., a subsidiary of CIBC, Member of the Canadian Investor Protection Fund and Member of the Investment Industry Regulatory Organization of Canada.