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NEW: $9.99 standard commission pricing
We’ve lowered our standard commission pricing to just $9.99 per trade2 as of February 7, 2019.
NEW: Young Investors Offer
Save up to $200 annually3! Benefit from the removal of the low activity account administration fee and the RSP account administration fee from your account(s) up to and including the year you turn 26 years old.
Make life less taxing
No matter where you are on life’s journey, optimizing your tax situation can help you keep more of your money. Discover how in this series of articles from Evelyn Jacks4.
Introducing U.S. Dollar Registered Accounts
Take advantage of investment opportunities in U.S. markets with Scotia iTRADE U.S. dollar registered accounts1, which allow you to hold cash and securities in U.S. dollars without currency conversion costs1.
2018 Best Overall – Top Bank-Owned Brokerage
MoneySense Magazine, in partnership with Surviscor, released their sixth annual report on the best online brokerages in Canada. Our continuous improvements and dedication to our clients have earned us the Best Overall – Top Bank-Owned Brokerage “Top Pick” award for the third year running.
Scotia iTRADE offers Registered plans (e.g. RRSP, RRIFs) that are denominated in both Canadian and U.S dollars (except Registered Education Savings Plan which is denominated in only Canadian dollars). Where foreign denominated assets are bought, sold or held in such a registered account with both Canadian and U.S. dollar side enabled:
- Any tax withholding or reporting under applicable tax legislation will be in Canadian dollars, at the applicable exchange rate. It is your responsibility to monitor any limits under applicable tax legislation when dealing in foreign denominated assets in a registered account;
- We may sell or settle assets within a registered account between different currencies to administer the account, including payment of fees, or to prevent debit balances; and
- We are not liable in respect of any fees or losses that may arise in connection with sales or conversions of foreign denominated registered assets; and
- For contributions and withdrawals where a currency conversion occurs, the foreign currency component may include a retail "mark-up" or spread over and above the single, benchmark, mid-market rate used by Scotia Capital Inc.
Please ensure you have reviewed section 1.7 of the Scotia iTRADE® Relationship Disclosure Document and Terms and Conditions. In addition, you can get more details on foreign exchange transactions by logging onto Scotia OnLine, clicking ‘Help’, and searching for "Converting Funds Between Currencies through Scotia iTRADE" in the help section.
To qualify for commissions of $4.99 flat per Canadian or U.S. equities trade and $4.99 + $1.25/contract for each options trade, you must execute at least 150 commission-generating trades within a calendar quarter. Accounts with less than 150 commission-generating trades within a calendar quarter will qualify for commissions of $9.99 flat per Canadian or U.S. equities trade and $9.99 + $1.25/contract for each options trade. Commission-generating trades are buys and sells of: Equities, Options and Fixed Income Instruments subject to commissions. Buys and Sells of GICs, ETFs and mutual funds that do not generate a commission, Canada Savings Bonds and Provincial Savings Bonds, are examples of trades that are not commission-generating. New qualification status will be effective on the same business day the requirement for a specific number of trades has been satisfied. You will also qualify in the calendar quarter subsequent to the quarter when new qualification status became effective (the "Subsequent Quarter"). If the requirements for a specific number of trades are satisfied in the Subsequent Quarter, you will retain your qualification status in the quarter following the Subsequent Quarter. Otherwise, you will need to re-qualify after the end of the Subsequent Quarter. Fees for U.S. transactions are charged in U.S. dollars.
The Low Activity Account Administration Fee (“LAAA Fee”) is charged on a per account basis each calendar quarter. This fee will be assessed based on the client’s account balances, trading activity and age at the close of business on each of March 15, June 15, September 15 and December 15 of each year. The LAAA Fee will be waived; i) for new clients who have opened their first account at Scotia iTRADE within the 6 preceding months, ii) for client accounts where at least 1 commission-generating trade was executed in any one or more of client’s Scotia iTRADE accounts during the preceding 3 months, iii) for Registered Plan accounts (RRSP, RIF, LIRA, LIF, RESP, TFSA), iv) for Cash Optimizer Investment Accounts, v) for clients with total account equity at Scotia iTRADE greater than $10,000, vi) for accounts of clients who have achieved the age of majority but are under 26 years of age at any point during the year for which LAAA Fees are assessed and vii) for Unclaimed Accounts, provided that in each of (i), (ii), (iii), (iv), (v) and (vi), all accounts of the client are fully activated and the client has a valid and current mailing address on file with Scotia iTRADE. With respect to (vi), if applicable, the LAAA Fees will be charged for the year subsequent to the year during which the client turns 26 years of age. Commission-generating trades are buys and sells of: Equities, Options, Mutual Funds subject to commissions, and Fixed Income instruments. Buys and Sells of GICs, ETFs which do not generate a commission, Canada Savings Bonds and Provincial Savings Bonds, are examples of trades that do not generate commissions.
The registered account fee plus applicable taxes is charged on a per account basis each calendar year. This fee will be assessed based on the client's account balances, trade activity and age at the close of business on September 15 of each year. The registered account fee will be waived for accounts of clients; i) who have executed at least 12 commission-generating trades in any one or more of their Scotia iTRADE accounts during the preceding 12 months; ii) with total account equity at Scotia iTRADE greater than $25,000, and iii) who have achieved the age of majority but are under 26 years of age at any point during the year for which the registered account fee is assessed, provided that in each of (i), (ii) and (iii), all accounts of the client are fully activated and the client has a valid and current mailing address on file with Scotia iTRADE. With respect to (iii), if applicable, the registered account fee will be charged for the year subsequent to the year during which the client turns 26 years of age.
Unless otherwise expressly stated by Scotia iTRADE®, seminars, webinars and other educational tools and resources (collectively, "Content") are provided by independent third parties that are not affiliated with Scotia Capital Inc. or any of its affiliates. Scotia Capital Inc. and its affiliates neither endorse or approve nor are liable for any third party, third party products or services, third party Content, or investment loss arising from any use of the Content, including third party Content. Content is for general information and educational purposes only, is not intended to provide personal investment advice and does not take into account the specific objectives, personal, financial, legal or tax situation, or particular needs of any specific person. No information contained in the Content constitutes a recommendation by Scotia Capital Inc. to buy, hold or sell any security, financial product or instrument discussed therein. The information contained in the Content neither is nor should be construed as an offer or a solicitation of an offer by Scotia Capital Inc. to buy or sell securities. Scotia iTRADE does not make any determination of your general investment needs and objectives, or provide advice or recommendations regarding the purchase or sale of any security, financial, legal, tax or accounting advice, or advice regarding the suitability or profitability of any particular investment or investment strategy. You will not solicit any such advice from Scotia iTRADE and in making investment decisions you will consult with and rely upon your own advisors and not Scotia iTRADE and will seek your own professional advice regarding the appropriateness of implementing strategies before taking action. Scotia iTRADE does not provide investment advice or recommendations and you are fully responsible for your own investment decisions and any profits or losses that may result. Any information, data, opinions, views, advice, recommendations or other content provided by any third party are solely those of such third party and not of Scotia Capital Inc. or its affiliates, and Scotia Capital Inc. accepts no liability in respect thereof. No endorsement or approval by Scotia Capital Inc. or any of its affiliates of any third party product, service, website or information is expressed or implied by any information or material contained in or referred to in the Content, on the Scotia iTRADE website or in any other Scotia iTRADE communication. Scotia iTRADE is a division of Scotia Capital Inc.