Important: The original Scotia iTRADE mobile app will be decommissioned May 1, 2023. Kindly download the new Scotia iTRADE app to continue to trade on the go.

Pricing & Fees

Our competitive pricing is simple and clear, with no hidden fees. Whether you’re a new or active investor, you’ll receive value for all your investing needs.

Download commission / fee schedule

Ways to save on trading commissions

Commissions & fees

Stocks^*, ETFs and options**

Trades	Equities¹	Options²
150+ trades/quarter*	$4.99	$4.99 + $1.25/contract
Less than 150 trades/quarter	$9.99	$9.99 + $1.25/contract
+$65 for trades placed with a telephone representative

Mutual funds³

Buy, Sell & Switch Orders³
Placed Online³	$9.99
+ $65 for trades placed with a telephone representative
High Interest Savings Account & Money Market Funds $0

Fixed income securities

Fixed Income (Online Secondary Market)⁴
Placed Online⁴	$1 per $1,000 Face Value** ($24.99 minimum, $250 maximum)
Placed by telephone representative⁴	$1 per $1,000 Face Value** ($24.99 minimum, $250 maximum)  + $65
Exchange Traded Debentures⁴
Placed Online⁴	$1 per $1,000 Face Value** ($24.99 minimum, $250 maximum)
Placed by telephone representative⁴	$1 per $1,000 Face Value** ($24.99 minimum, $250 maximum)  + $65

Interest rates^†

Accounts	CAD $⁵	U.S. $⁵
Cash Optimizer Investment Account	0.25%	0.25%
Prime Rate	6.70%	8.25%

The Canadian & U.S. dollar prime rates were updated on January 26^th and May 4^th, 2023 and both are subject to change without notice
Cash Optimizer Investment Account rates applies to existing clients only
- The Cash Optimizer Investment Account is not available to open for new clients

Debit balance	Margin CAD $	Margin US $
Premium Rate for iClub Platinum
$0 – $24,999	P + 1.25	P + 1.25
$25,000 – $99,999	P + 1.25	P + 1.25
$100,000+	P + 1.20	P + 1.20
Premium Rate for iClub Gold
$0 – $24,999	P + 1.50	P + 1.50
$25,000 – $99,999	P + 1.45	P + 1.45
$100,000+	P + 1.25	P + 1.25
Standard Rate
$0 – $24,999	P + 1.65	P + 1.65
$25,000 – $99,999	P + 1.60	P + 1.60
$100,000+	P + 1.55	P + 1.55

Debit balances in registered accounts will be charged interest at P + 5.00. Debit balances in non-registered cash accounts will be charged at the same rate as margin accounts.

Scotia iTRADE's interest rates are subject to change at Scotia iTRADE's discretion without prior notice.

Debit balances in registered accounts will be charged interest at P + 5.00. Debit balances in non-registered cash accounts will be charged at the same rate as margin accounts.

Scotia iTRADE's interest rates are subject to change at Scotia iTRADE's discretion without prior notice. Margin interest rates were last updated February 22, 2016.

†

Please call our Customer Service team for current rates at 1-888-872-3388.

*

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, Mutual Funds and Fixed Income Instruments subject to commissions. Buys and Sells of GICs and ETFs 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.

**

$1 per $1,000 Face Value ($24.99 minimum, $250 maximum). Pricing applies to secondary market trades conducted online through Scotia iTRADE only. Minimum commission of $24.99 applies to each trade. Add $65.00 for telephone representative – assisted trades. Foreign exchange fees will be applied to trades involving securities that are denominated in a currency other than the currency of the account in which the trade is placed. Please see Section 1.7 (“Currency Conversion”) in     

*** ECN fee still applies to extended hours trades that are executed in regular trading sessions.

1

Fees for U.S. transactions are charged in U.S. dollars. Equity transactions with a principal value of less than $2,000 will be charged either a flat fee of $4.99 per trade or $9.99 per trade, depending upon the pricing tier for which you have qualified. Equity transactions with a share price of $1.00 or less will be charged either a flat fee of $4.99 per trade or $9.99 per trade, depending upon the pricing tier for which you have qualified. Full commission charges apply for each partial fill except when transacted on the same business day. If you place multiple orders for the same stock on the same day, same side of the market and same exchange, these trades will not be abridged and you will be charged a separate commission fee for each trade executed. A single trade confirmation will be issued to you to reflect these trades, and the commission fees charged with respect to each of these executed trades will be aggregated and displayed on the trade confirmation as one aggregate commission fee. Add $65.00 for telephone representative – assisted trades. U.S. Extended-Hours trades executed through the Scotia iTRADE website are charged the equity commissions set out in the pricing tier + ECN Fee of $0.005 per share.

2

Fees for U.S. options are charged in U.S. dollars. Full commission charges apply for each partial fill except when transacted on the same business day. Full commission charges apply for each order. Full commission charges apply to each side of spread and combination orders. Add $65.00 for telephone representative – assisted trades. $65 fee will apply, in addition to regular online Equity commissions, to all options assignments and exercises.

 Note: You may have noticed a small transaction fee that appears on your confirmation slip as an "SEC Fee". This fee is always separate from any commissions or other fees you are charged. The SEC charges a fee at a rate equal to $20.70 per million gross of the total dollar amount of securities sold (other than index-based options, bonds, debentures and other evidences of indebtedness). This SEC Fee is only applied to U.S. sell transactions.

3

Early redemption fees may be charged by some mutual fund companies. Please refer to the prospectus of each fund for details. Does not take into account fees, charges, expenses or commissions imposed by the fund companies, all of which can be associated with mutual fund investments. You should carefully consider the fund’s investment objectives, risks, fees, charges, expenses and commissions before investing. The prospectus contains this and other important information about the fund. Please read the prospectus carefully before investing. Funds are not guaranteed, their values change frequently and past performance may not be repeated. Mutual fund charges imposed by the fund companies are in addition to the above fees. The minimum purchase amount for all money market funds is $5,000. All other funds are subject to minimum purchase and redemption amounts as outlined in the prospectus or $1,000, whichever is greater. Commission on switches will apply once per switch. Switch orders are only permitted within the same load type & family of funds. Add $65.00 for telephone representative – assisted trades.

4

Pricing applies to secondary market trades conducted online through Scotia iTRADE only. Minimum commission of $24.99 applies to each trade. Add $65.00 for telephone representative – assisted trades. Foreign exchange fees will be applied to trades involving securities that are denominated in a currency other than the currency of the account in which the trade is placed. Please see Section 1.7 (“Currency Conversion”) in  Scotia iTRADE Relationship Disclosure Document and Terms and Conditions.

5

Interest rate is subject to change at any time at Scotia iTRADE's discretion without prior notice. Interest is calculated on the daily average closing balance and is paid/debited monthly.

Fees or charges (excluding interest or commissions charged) relating to services provided by Scotia iTRADE will not be imposed or changed without 60 days prior written notice.

Note: The above fees do not include applicable taxes. GST, HST and provincial taxes will charged where applicable.

All transactions in equities (including ADRs) issued by the companies headquartered in France whose market capitalization exceeds € 1 billion (revalued annually) will be subject to French Financial Transaction Tax at a rate of 0.2% of the total value of the transaction.

Fees for Registered accounts

Account transfer in	NO FEE
Account transfer out (full or partial)	$150.00 per transfer
Account closure fee	NO FEE
Certificate deposit⁹	$100.00
Safekeeping	$50.00 per month/per certificate
RSP / RIF / LIRA / LIF
Aggregate accounts (registered and unregistered) $25,000 and over or 12 commissionable trades or more per year	NO FEE
Aggregate accounts (registered and unregistered) less than $25,000 and fewer than 12 commissionable trades per year	$100 per year⁵
TFSA	NO FEE
RESP
U.S.-Friendly RESP	$30.00 per quarter/per registered account⁴
Aggregate accounts (registered and unregistered) $15,000 and over	NO FEE
Aggregate accounts (registered and unregistered) less than $15,000	$25 per year⁵
Full de-registration of plan	$125.00
Partial de-registration	$50.00 each
Account Research Requests	$50.00 per hour
Swaps⁶	$35.00 per item
Copies of Statements, Confirms, Cheques and Tax Receipts	$5.00 per item
CCPC (Canadian Controlled Private Corporations)⁷
Set-Up fee	$300.00
Annual fee (plus Safekeeping Fees if applicable)	$100.00
Restricted share transactions¹	$400.00 per transaction
Mutual Funds not distributed by Scotia iTRADE	$50 per fund per quarter per account

Non-arm's length mortgage held in RRSP investment fees**

For Scotiabank mortgages only

Annual administration fee	$60.00
Trustee mortgage annual administration fee	$225.00 (pro-rated and charged monthly to the Plan)
Set-up fee	$300.00

Fees or charges (excluding interest or commissions charged) relating to services provided by Scotia iTRADE will not be imposed or changed without 60 days prior written notice. 

Note: The above fees do not include applicable taxes. GST, HST and provincial taxes will be charged where applicable. 

†

Professional User may be one of the following: An employee of a member of any stock exchange or the Investment Industry Regulatory Organization of Canada (IIROC), or of any business registered under any securities law or regulation. An individual or entity trading in the account as a paid agent for a third party. An individual or entity whose account is in the name of a corporation, partnership or sole proprietorship.

*

Delivering institutions may apply certain fees for wire requests. Please contact the institution directly to inquire about their wire fees.

**

These non-arm’s length mortgage investment fees are applicable to the existing non-arm’s length mortgages and their renewals. No new non-arm’s length mortgages are available at Scotia iTRADE. If you transfer your assets in-kind to a Scotia iTRADE account from an account at another investment dealer, no non-arm’s length mortgages can be transferred into a Scotia iTRADE account.

1

Holding or processing of securities subject to legal restrictions on distribution and sale.

2

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.

3

The Unclaimed Account Fee is charged on a per account basis each calendar quarter for all accounts (i) that are not fully activated, or (ii) in respect of which Scotia iTRADE does not have a valid and current mailing address on file. This fee will be assessed at the close of business on each of March 15, June 15, September 15 and December 15 of each year.

4

A quarterly fee of $30 (plus applicable taxes) per calendar quarter per registered account will be applied for this account service. This fee will be charged at the beginning of each quarter to each registered account that was enrolled in this service at any time during the previous quarter.

5

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.

6

Where permitted by government regulation.

7

Subject to account minimums.

8

In some cases U.S. and Canadian Depositories may charge an additional fee in their native currency over and above our fee for Certificate withdrawals or DRS Statements in their native currency. The client will be charged any such fees for Certificate withdrawals or DRS Statements in addition to the fees charged by Scotia iTRADE for such services. Foreign exchange fees will be applied to the additional fee charged if they are denominated in a currency other than the currency of the account in which the security is held.

9

All physical security certificates including DRS statements.

Fees for Investment accounts

Account transfer in	NO FEE
Account transfer out (full or partial)	$150.00 per transfer
Account closure fee	NO FEE
Certificate deposit⁹	$100.00
Certificate withdrawal⁸
Regular delivery - min. 5 business days	$100.00
Rush delivery	$300.00
Safekeeping	$50.00 per month/per certificate
Account Research Requests	$50.00 per hour
Copies of Statements, Confirms or Cheques	$5.00 per item
CCPC (Canadian Controlled Private Corporations)⁷
Set-Up fee	$300.00
Annual fee (plus Safekeeping Fees if applicable)	$100.00
DAP transactions (Receipt, delivery or exchange of security against or for payment from or to a third party)	$75.00 per transaction
Restricted share transactions¹	$400.00 per transaction
Low Activity Account Admin Fee²	$25.00 per quarter
Mutual Funds not distributed by Scotia iTRADE	$50 per fund per quarter per account

Fees or charges (excluding interest or commissions charged) relating to services provided by Scotia iTRADE will not be imposed or changed without 60 days prior written notice. 

Note: The above fees do not include applicable taxes. GST, HST and provincial taxes will be charged where applicable. 

†

Professional User may be one of the following: An employee of a member of any stock exchange or the Investment Industry Regulatory Organization of Canada (IIROC), or of any business registered under any securities law or regulation. An individual or entity trading in the account as a paid agent for a third party. An individual or entity whose account is in the name of a corporation, partnership or sole proprietorship.

*

Delivering institutions may apply certain fees for wire requests. Please contact the institution directly to inquire about their wire fees.

**

These non-arm’s length mortgage investment fees are applicable to the existing non-arm’s length mortgages and their renewals. No new non-arm’s length mortgages are available at Scotia iTRADE. If you transfer your assets in-kind to a Scotia iTRADE account from an account at another investment dealer, no non-arm’s length mortgages can be transferred into a Scotia iTRADE account.

1

Holding or processing of securities subject to legal restrictions on distribution and sale.

2

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.

3

The Unclaimed Account Fee is charged on a per account basis each calendar quarter for all accounts (i) that are not fully activated, or (ii) in respect of which Scotia iTRADE does not have a valid and current mailing address on file. This fee will be assessed at the close of business on each of March 15, June 15, September 15 and December 15 of each year.

4

A quarterly fee of $30 (plus applicable taxes) per calendar quarter per registered account will be applied for this account service. This fee will be charged at the beginning of each quarter to each registered account that was enrolled in this service at any time during the previous quarter.

5

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.

6

Where permitted by government regulation.

7

Subject to account minimums.

8

In some cases U.S. and Canadian Depositories may charge an additional fee in their native currency over and above our fee for Certificate withdrawals or DRS Statements in their native currency. The client will be charged any such fees for Certificate withdrawals or DRS Statements in addition to the fees charged by Scotia iTRADE for such services. Foreign exchange fees will be applied to the additional fee charged if they are denominated in a currency other than the currency of the account in which the security is held.

9

All physical security certificates including DRS statements.

Other administration fees

Monthly account statement fees – Paper	$3.00
Monthly account statement fees – Paperless	NO FEE
Trade confirmation fees – Paper	$2.00
Trade confirmation fees – Paperless	NO FEE
All other documents – Paper/Paperless	NO FEE
Wired funds in	NO FEE*
Wired funds out – Domestic	$25.00
Wired funds out – Foreign (including U.S.)	$25.00 + clearing fee
Courier/Overnight mail (upon request)	$25.00 (variable outside Canada)
Returned Customer Cheques/Deposits	$25.00
Cheque withdrawal fee	NO FEE
Trade Re-contracting fee	$20.00 plus all currency exchange costs
Late Tender/Re-Org Instructions	$125.00 per instance
Stop payment request	$25.00
Estate Account processing fee	$200.00
Estate Account certificate handling fee	$100.00 per certificate
Unclaimed Account Fee³	$60.00 per quarter

Fees or charges (excluding interest or commissions charged) relating to services provided by Scotia iTRADE will not be imposed or changed without 60 days prior written notice. 

Note: The above fees do not include applicable taxes. GST, HST and provincial taxes will be charged where applicable. 

†

Professional User may be one of the following: An employee of a member of any stock exchange or the Investment Industry Regulatory Organization of Canada (IIROC), or of any business registered under any securities law or regulation. An individual or entity trading in the account as a paid agent for a third party. An individual or entity whose account is in the name of a corporation, partnership or sole proprietorship.

*

Delivering institutions may apply certain fees for wire requests. Please contact the institution directly to inquire about their wire fees.

**

These non-arm’s length mortgage investment fees are applicable to the existing non-arm’s length mortgages and their renewals. No new non-arm’s length mortgages are available at Scotia iTRADE. If you transfer your assets in-kind to a Scotia iTRADE account from an account at another investment dealer, no non-arm’s length mortgages can be transferred into a Scotia iTRADE account.

1

Holding or processing of securities subject to legal restrictions on distribution and sale.

2

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.

3

The Unclaimed Account Fee is charged on a per account basis each calendar quarter for all accounts (i) that are not fully activated, or (ii) in respect of which Scotia iTRADE does not have a valid and current mailing address on file. This fee will be assessed at the close of business on each of March 15, June 15, September 15 and December 15 of each year.

4

A quarterly fee of $30 (plus applicable taxes) per calendar quarter per registered account will be applied for this account service. This fee will be charged at the beginning of each quarter to each registered account that was enrolled in this service at any time during the previous quarter.

5

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.

6

Where permitted by government regulation.

7

Subject to account minimums.

8

In some cases U.S. and Canadian Depositories may charge an additional fee in their native currency over and above our fee for Certificate withdrawals or DRS Statements in their native currency. The client will be charged any such fees for Certificate withdrawals or DRS Statements in addition to the fees charged by Scotia iTRADE for such services. Foreign exchange fees will be applied to the additional fee charged if they are denominated in a currency other than the currency of the account in which the security is held.

9

All physical security certificates including DRS statements.

Professional user fees

Professional users^† are subject to additional market data fees levied by the exchanges. Please contact Scotia iTRADE at 1.888.769.3723 if you have questions on professional users or the application of these fees.

Prices listed are in the currency of the applicable exchange or ECN.

NASDAQ Level 1	USD $20.00
NASDAQ Level 2	USD $50.00
NYSE	USD $127.25
AMEX	USD $30.20
TSX	CAD $42.00
TSX Market  Book (Level 2)	CAD $48.00
TSX Venture	CAD $25.00
TSX Venture  Market Book (Level 2)	CAD $25.00
MX Options Level 1	CAD $35.00
MX Options Level 2	CAD $45.00

Open an account

Pricing & Fees

Commissions & fees

Stocks***, ETFs and options

Mutual funds3

Fixed income securities

Interest rates†

Stocks^*, ETFs and options**

Mutual funds³

Interest rates^†