Retirefrctiist Ave Financial Management

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Fixed Income

Generally speaking when we quote a yield our commission is built in so you pay no additional fees over and above the rate quoted. The fee we charge is based on the term on the deposit and is open for discussion as need be.


Stock Transactions

Commission based accounts suggested rates are:

Total Value of Trade Commission Fee
0 to $9,999 2.75%
$10,000 to $24,999 2.25%
$25,000 to $49,000 2.00%
$50,000 to $99,999 1.50%
$100,000 to $249,999 0.75%
$250,000 to $499,999 .50%
$500,000 Over .35%


Retire First Ltd Fee based accounts

Here fees are charged based on the asset mix of the account. No commission charges are paid for by the client although ticket costs and exchange fees apply. Ticket costs are $11 per trade while exchange fees vary from one exchange to the next the TSX charges are approx .003 cents/share on average. For example 1000 shares of a $25 stock would cost $11 for the trade and $3.30 for the exchange fee for a total transaction cost of $14.30.

The suggested fees are as follows:

Total Assets Under Admin Bonds Stocks
0 to $250,000 .75% 1.75%
250,000 to $1,000,000 .65% 1.50%
$1,000,000 and over .50% 1.35%

All commission costs are deductible against capital gains or added to losses as a loss of capital. All fee based account charges are deductable against regular income including interest and wages.

All commission and fees are negotiable.


Special Accounts and Services Fee Schedule

Effective May 1, 2016

Registered Accounts

Retirement Plans (annual) $125.00
Second Retirement Plan – LIRA/RRSP/USD plan (annual) $62.50
RESP (annual) $50.00
TFSA (annual) $35.00
RRSP dereg (partial) $75.00
RRSP dereg (full) $125.00
Duplicate tax receipts $10.00
Unscheduled RRIF withdrawals $25.00

Other Services

Non-Registered account (annual) $12.00
Duplicate tax receipts $10.00
Set up CPC, private placements $200.00
Partial transfer out $100.00
Full transfer out $125.00
Cheque certified $25.00
Stop payment $25.00
Dishonoured payments $50.00
Incoming wire $20.00
CDN Wire transfer $30.00
USD Wire transfer $50.00 CAD
Wire transfer other currency $50.00
Deposit of physical certs quote provided
Certification registration – regular $75.00
Certification registration – rush $250.00
Physical certificate withdrawal US quote provided
Safekeeping of physical certificates (per month) $50.00
Legend removal US securities $150.00
Search for records (per hour) $75.00
Dividend purchase plan (initial set up) $10.00
Estate accounts (per hour) $75.00

GST, HST and/or PST are charged where applicable. This list represents a portion of possible fees. Prices are subject to change without notice.

For information on services such as wire charges, registered plan fees, and unscheduled RIF withdrawals, please click here.


Interest Rate Policy

Every type of Retire First acccount will recieve an interest rate based on the folowing Prime +/- formula in the following chart.

Interest payments are paid on the 16th of every month, but will not be paid to an account if the interest credits are less than $5 or $2 in an RRSP.

Due to the fact that the Bank of Canada Prime Rate is reported at 3% (as of December 12, 2012) the interest rates will be as follows:


Interest Rate Formula

 Balance in All Accounts Interest Earned in CAD Non-Registered Interest Earned in USD Non-Registered Interest Earned Registered Account (CAD/USD)
$0-$9,999 P-4.25% P-4.25% P-4.5%
$10,000-$49,999 P-4.25% P-4.25% P-4.25%
$50,000-$99,999 P-4.00% P-4.25% P-4.00%
$100,000 and over P-3.75% P-4.25% p-4.00%


Debit Balances in Accounts

CDN Balances In All Accounts Interest Payable
Interest Payable
$0-$9,999 P +1.00% P +1.25%
$10,000-$49,999 P+ 1.00% P +1.25%
$50,000-$99,999 P + 1.00% P +1.25%
$100,000-$999,999 P+1.00% P +1.25%
$1,000,000 Plus P+1.00% P +1.25%

Please note that Retire First does not charge their clients for interest owed if the amount is less than $2 a month.

RRSP’s are not allowed to have a debit balance. However, it there is a debit in RRSP, the interest rate charged will be Prime plus 6%.


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