Electronic Brokerage Services Commission Schedule

Enjoy greater commission savings when you use TD Waterhouse Electronic Brokerage Services to place your trade orders!

Electronic Brokerage Services Commission Rates¹

WebBroker, Active Trader, TalkBroker, TeleMax

2 ways to qualify for Active Investor Commission Rates:

	Trade more. Trade for less.
	150+ Trades/Quarter 30-149 Trades/Quarter Canadian & U.S. Equities $7.00 flat $9.99 flat Canadian & U.S. Options $7.00 + $1.25 per contract $9.99 + $1.25 per contract
	No matter how often you trade.
	$100,000+ In Household Assets2 Canadian & U.S. Equities $9.99 flat Canadian & U.S. Options $9.99 + $1.25 per contract

How It Works

• You automatically qualify² for Active Investor Commission Rates by executing as few as 30 equity or option trades per quarter.
• Qualification is based on the consolidated total of eligible trading activity across all your "household accounts"³ for the previous three-month period.
• Investors with a minimum of $100,000 in consolidated household account assets also qualify for Active Investor Commission Rates when placing trades with us using our Electronic Brokerage Services.
• These commission rates will be applied to trades placed through any of our Electronic Brokerage Services - on the Internet through WebBroker, by phone using TalkBroker or TeleMax - or through the TD Waterhouse Active Trader or Active Trader Plus platforms.

Electronic Brokerage Services Standard Commission Rates

Clients who do not qualify for Active Investor Commission rates will be subject to the following rates when placing trade orders through any of our electronic brokerage services.

	Under $100,000 in Household Assets AND Under 30 trades per quarter
Canadian & U.S. Equities	Stock Price over $2 $29 flat up to 1,000 shares 3 cents/share for orders over 1,000 shares Stock Price $2 and under 1.5% of principal trade; $29 minimum
Canadian & U.S. Options	$29 + $1.75 per contract

Consolidate your investments and save

Regardless of the number of accounts and account types you may hold with us – personal or non-personal, registered or non-registered - your commission rates may be determined by the consolidated total of trading activity or asset level across all your TD Waterhouse Discount Brokerage accounts.  You will receive the Active Investor Commission Rates each time you place a trade in any of these accounts.  This provides you with yet another reason to consolidate all of your investment business with TD Waterhouse Discount Brokerage. Please be sure to advise us of your multiple account relationships.

Mutual Funds⁴- WebBroker, TalkBroker and TeleMax

• 25% off the $45 redemption fees
• 25% off regular commission for "exception" funds

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

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.

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, fees and features are current as of November 6, 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. 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. Orders entered through an Investment Representative are subject to Standard Commission Rates. Option assignments and exercises are subject to a commission charge of $43 flat in the currency of the account. 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.

² Your household's quarterly trading activity and asset level are reviewed on a monthly basis. Active Investor Commission Rates are automatically effective by the 4th business day of each month using your eligible trading activity from the previous three calendar months and your household asset level as at the end of the previous month. You may qualify for these rates if you fulfill either our trading activity or asset level requirements. An eligible trade is defined as a commissionable filled equity or option order. You must re-qualify on a monthly basis for Active Investor Commission Rates to stay in effect.

³ Household accounts are defined as those TD Waterhouse Discount Brokerage accounts for clients living in the same household, with the same address. You must advise TD Waterhouse Discount Brokerage of these multiple account relationships.

⁴ Mutual fund charges imposed by the Fund companies (i.e. set-up fees, early redemption fees) are in addition to those charged by TD Waterhouse Discount Brokerage (if any). These charges vary with particular funds. The minimum purchase amount to trade through TD Waterhouse Discount Brokerage is $1,000. Minimum purchase amounts may vary with particular funds. Please refer to the simplified prospectus of each fund before investing.