Standard Commission and Fee Schedule

Review our competitive Commission and Fee Schedule below.

Find out how you can save even more through our
Electronic Brokerage Services commission schedule.

Commissions Canadian Equities U.S. Equities Options Special Note Mutual Funds Gold and Silver Certificates Fixed Income Investments Foreign Currency Conversion

Fees Banking Fees Interest Rates Trading Accounts Registered Accounts Trading and Registered Accounts Estate Accounts Other Fees

CANADIAN EQUITIES¹

STOCK PRICE	COMMISSION
$0 - $.24	2.5%
$.25 - $1	$35 + $.005/sh
$1.01 - $2	$35 + $.02/sh
$2.01 - $5	$35 + $.03/sh
$5.01 - $10	$35 + $.04/sh
$10.01 - $20	$35 + $.05/sh
$20.01 and over	$35 + $.06/sh

Transactions with principal values less than $2,000 will be charged a flat fee of CDN $43.

A minimum commission of CDN $43 is charged for each trade. Full commission and fee charges apply for each partial fill except when transacted within the same business day.

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.

Transactions with principal values over $250,000 are fully negotiable for Canadian trades.

U.S. EQUITIES¹

STOCK PRICE ($US)	COMMISSION ($US)
$0 - $.24	3 %
$.25 - $1	$39 + $.02/sh
$1.01 - $2	$39 + $.03/sh
$2.01 - $5	$39 + $.04/sh
$5.01 - $10	$39 + $.05/sh
$10.01 - $20	$39 + $.06/sh
$20.01 - $30	$39 + $.07/sh
$30.01 and over	$39 + $.08/sh

Transactions with principal values less than $2,000 will be charged a flat fee of USD $43.

A minimum commission of USD $43 is charged for each trade. Full commission and fee charges apply for each partial fill except when transacted within the same business day.

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.

Transactions with principal values over $250,000 are fully negotiable for U.S. trades.

OPTIONS¹

OPTION VALUE	COMMISSION
$0 - $2	$35 + $1.50 per contract
$2.01 - $3	$35 + $2.00 per contract
$3.01 - $4	$35 + $2.50 per contract
$4.01 - $5	$35 + $3.00 per contract
$5.01 and over	$35 + $3.50 per contract

TD Waterhouse offers all potential equity and index option strategies.

Spreads and Combinations

Standard Commission Rate is charged on one side of the position only. Only applies to orders entered as a spread or combination.

Assignments and Exercises

Standard Commission Schedule applies.

SPECIAL NOTE

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.

MUTUAL FUNDS

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

FIXED INCOME INVESTMENTS¹

CANADIAN O.T.C. BONDS

Commissions, if any, for Bonds, Strip Coupons, GIC’s, T-Bills and other Fixed Income and Money Market securities are included in the quoted prices. Minimum purchase amounts vary by security.

U.S. AND EXCHANGE-TRADED BONDS

BOND PAR VALUE	COMMISSION
$0 - $49,999	$50,000 and over
$40 + $1.50/1000	$40 + $1.00/10002

² Minimum $110 fee.

For more information about fixed income commissions, please contact a Fixed Income Specialist at 1-888-983-BOND (2663) or (416) 229-9936.

GOLD AND SILVER CERTIFICATES¹

GOLD CERTIFICATES

CURRENT PRICE ($US)	COMMISSION ($US)
$0 - $299	$25 + $.20/oz
$300 - $349	$25 + $.30/oz
$350 - $399	$25 + $.40/oz
$400 - $449	$25 + $.50/oz
$450 and over	$25 + $.60/oz

SILVER CERTIFICATES

CURRENT PRICE ($US)	COMMISSION ($US)
$0 - $4.99	$25 + $.01/oz
$5.00 - $5.99	$25 + $.0125/oz
$6.00 - $6.99	$25 + $.015/oz
$7.00 - $9.99	$25 + $.0175/oz
$10.00 and over	$25 + $.02/oz

Safekeeping fees for certificates are U.S. $0.01 per oz. per month for gold and U.S.$0.001 per oz. per month for silver and will be charged at the time of purchase and every October 31 thereafter.

FOREIGN CURRENCY CONVERSION

If you make a trade involving a security which is denominated in a currency other than the account in which the trade is to settle, a conversion of currency may be required. In all such transactions and at any time a conversion of currency is made, we will act as principal with you in converting the currency at rates established or determined by us or parties related to us. We and the parties related to us may earn revenue, in addition to the commission applicable to such a trade, based on the difference between the applicable bid and ask rates for the currency and the rate at which the rate is offset, either internally, with a related third party, or in the market. Conversion of currency, if required, will take place at the trade date unless otherwise agreed.

Where a transaction with a mutual fund company involves a currency conversion, the company may charge you for the conversion. Where the company is not a member of the TD Bank Financial Group, neither we nor any party related to us earns any revenue in connection with such conversions. Where the company is a member of the TD Bank Financial Group, it may earn revenue in connection with such conversions as described herein, but we do not.

For rates, please telephone TD Waterhouse Discount Brokerage at 1-800-465-5463 or contact your local TD Waterhouse office.

BANKING FEES

TD WATERHOUSE MONEYLINK3
Interac Direct Payment surcharge (where applicable) (in addition to regular withdrawal charge)	$1.50
President’s Account allows two free Interac withdrawals monthly. Charge for each additional transaction	$1.50
Interac ABM and PLUS System Foreign Currency Withdrawal Fees (in addition to regular withdrawal charge):
Foreign Exchange Fee - 2.5% of converted withdrawal amount
Handling Fee in U.S. and Mexico	$3.00
Handling Fee outside of Canada, U.S. and Mexico	$5.00
Bill payment at a TD Canada Trust branch	$1.30

³ This service is only available to President’s Account clients. For EasyLine and EasyWeb inquiries, refer to the TD Canada Trust “About Our Accounts and Related Services” brochure for current charges, available by visiting your TD Canada Trust branch.

⁴ Fee is charged in the currency of the payment source.

INTEREST RATES

For current interest rates on cash balances for Trading Accounts⁵ and Registered Accounts, and for borrowing on Margin Accounts, visit the TD Waterhouse Discount Brokerage Annual Interest Rates page.

For all other interest rates, including debit balances for Cash Accounts and Registered Accounts, please telephone TD Waterhouse Discount Brokerage at 1-800-465-5463.

⁵ Interest of less than $5.00 on cash balances in any month is not paid.

TRADING ACCOUNTS

Direct Trading, President’s Account
Closure of account/full transfer fee	$125.006
Summary of Annual Trading Activity fee	$50.006
Inactivity fee (per calendar quarter). For non-registered accounts only, where total account balances are less than $5,000 CDN. This fee will be waived if client has completed two or more commissionable7 trades in the preceeding six months OR is registered for TD Waterhouse eServices.	$15.00
Partial transfer fee (per asset, to a maximum of $100)	$25.006

⁶ Subject to GST or HST where applicable.

⁷ Commissionable trades are: Buys and sells of Equities, Options, Mutual Funds with fees (excludes MERs), Fixed Income – Bonds, Treasury Bills, Bankers’ Acceptances, Bearer Deposit Notes, Commercial Paper and Crown Corporation Money Market Instruments. Buys and sells of GICs, Term Deposits, Canada Savings Bonds, Money Market Mutual Funds and Provincial Savings Bonds are not considered commissionable trades.

REGISTERED ACCOUNTS

RSP/RIF/LOCKED-IN PLANS (LIRA, LRIF, LIF, PRIF)
Annual administration fee	$100.008,9
Termination/transfer fee	$125.008
Partial transfer fee (per asset, to a maximum of $100)	$25.008

BASIC RSP/RIF/LOCKED-IN PLANS (LIRA, LRIF, LIF, PRIF)
Annual administration fee	$25.008,9
Termination/transfer fee	$125.008
Partial transfer fee (per asset, to a maximum of $100)	$25.008
Swap fees (For exchanging securities held in a Registered plan with cash or securities of equal value outside of the plan. TD Mutual Funds excepted.)	$45.008
Partial withdrawal fees - RSP and Basic RSP only (For the second and any subsequent partial withdrawals made from your plan during the contribution year.)	$25.008

MORTGAGES HELD IN A REGISTERED ACCOUNT - PER MORTGAGE, PER PLAN
Set-Up Fee	$100.008
Mortgage increase	$100.008
Annual mortgage administration fee	$200.008
Annual mortgage administration fee to pay split mortgage	$85.008
For details on additional mortgage set-up costs, contact your TD Canada Trust branch.

RESP
Annual administration fee	$50.008,9
Termination/transfer fee	$75.008
Partial transfer fee (per asset, to a maximum of $100)	$25.008

⁸ Subject to GST or HST where applicable.

⁹ If registered account balance is $25,000 or over, the fee is waived. Waiver not applicable to clients electing to pay administration fee from outside of their account.

TRADING ACCOUNTS AND REGISTERED ACCOUNTS

CHARGES FOR DELIVERY OF REGISTERED CERTIFICATES
First certificate	$50.0010
Additional certificates of the same security	$5.0010
Rush (1-3 business days) - applicable to Canadian securities only Note: Additional shipping charges may apply over and above the outlined handling fee(s) for delivery of certificates outside Canada.	$150.0010
SHAREHOLDER COMMUNICATION MATERIALS FOR OBJECTING BENEFICIAL OWNERS (OBOs) ONLY
Delivery costs of materials, when the issuer or other party does not pay, varies depending on the size and weight of the item.

¹⁰ Subject to GST or HST where applicable.

ESTATE ACCOUNTS

DEPOSIT OF PHYSICAL SECURITIES CERTIFICATES REGISTERED IN THE NAME OF THE DECEASED
Processing fee (per security transaction)	$150.0011

¹¹ Subject to GST or HST where applicable. Other charges may apply, including but not limited to all applicable fees incurred from the transfer agent, lawyer or issuing company for re-registration.

OTHER FEES

Delivery against payment and receipt against payment (per transaction)	$50.0012
Small Business Investment Trusts (SBITs) - on approval basis only
Transaction fee - minimum per security transaction	$250.0012,13
Annual administration fee per security	$100.0012
Private Placements - on approval basis only
Transaction fee - minimum per security transaction	$250.0012,13
Restricted Shares - on approval basis only
Transaction fee - minimum per security transaction	$200.0012,13
Annual administration fee per security	$100.0012
Investigation fee: Client-initiated investigation of statement transactions 45 days or older (minimum fee $25)	$40/hr12
Cheque pick-up fee (per cheque)14	$6.50
Request for refund or replacement of lost or stolen cheque/draft14	$10.00
Duplicate statement/confirmation request
Less than two years old (per item)	$5.0012
Over two years old (per hour)	$20.0012

¹² Subject to GST or HST where applicable.

¹³ Other charges may apply, including but not limited to all applicable fees incurred from the transfer agent, lawyer or issuing company for re-registration.

¹⁴ Fee is charged in the currency of the payment source.

Need Help?

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

This document is in PDF format and requires Adobe Acrobat Reader.

If you require further assistance please telephone TD Waterhouse Discount Brokerage at 1-800-465-5463 or contact your local TD Waterhouse office.

¹ Commissions, rates and fees are current as of January 15, 2008. 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. Fee is charged on the currency of the payment source. 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.