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Click above to find out how Fiscal Agents can assist you in RRIF Investing.
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IP-Profiler - Retirement
RRIF - Self-Directed

Today's investor has no shortage of investment options to choose from. We believe so strongly in our mission to make money management easy for our clients that we went and had it registered as our Trade Mark - Money Management Made EasyŽ.

We want you to profit from our research. This section provides a base reference source of investment products in a simple format. The information outlined below is provided to give an overall illustration of parameters that may be in effect for this investment product.

Investment Product
P r o f i l e r:
Self-Directed
Registered Retirement Income Funds
Questions to Ask: Answers you may find:
Type of services offered: Discount Broker/ Full Services
Suggested Portfolio Size: $50,000
ANNUAL FEE: $100
When fee charged: October 15th
Is fee pro-rated: No, non-refundable
OTHER FEES:
Mortgage content fee:

$200
Dividend re-investment fee: Included
Foreign property fee: Included
SPECIAL PROVISIONS if holding restricted to Mutual Funds, GICs, CSBs or Companies own products. If holding only debt instruments annual fee $25
TRANSACTION COSTS: Charged according to commission and fee schedule.
Except
Change Investment (Swaps):
1 free, thereafter $25
No-Load Mutual Funds: None on buy, $40 on sell
Sponsor related Investments products: No fee for affiliated Co's Mutual Funds or GICs
Euroclear: None
Nasdaq: $35 plus percentage/cents per share
Transaction via other Broker/Dealer: $25 per shares.
RRIF PAYMENT FREQUENCY: Monthly, quarterly, semi-annually or annually
Making a change to the RRIF
payout amount. Admin fee:
$100
RRIF PAYMENTS FEES: None
Unscheduled withdrawal fee: 2 additional to schedule, thereafter $25
CLOSING - DE-REGISTRATION WITHDRAWAL OR TRANSFER: INTERNAL EXTERNAL
Full transfer :- Cash: Nil $25
Securities: Nil Nil
Partial transfer :- Cash: Nil $25
Securities: Nil $15/security
position min. $50 max. $100
Full withdrawal:- Cash: 2 free withdrawals per year thereafter $25 2 free withdrawals per year thereafter $25
Securities: 2 free withdrawals per year thereafter $25 2 free withdrawals per year thereafter $25
Partial withdrawal:- Cash: 2 free withdrawals per year thereafter $25 2 free withdrawals per year thereafter $25
Securities: 2 free withdrawals per year thereafter $25 2 free withdrawals per year thereafter $25
Other termination fees: Full annual fee charged.
CASH BALANCES: Interest credited monthly, calculated on the average daily closing balance at premium savings rate.
Un-invested cash balance covered by CDIC: Yes
MORTGAGE INVESTMENTS: Arms Length Non-arms Length
Annual administration fee: $225 $200
Set-up fee: $200 $200
Receiving Mortgage payments: None None
Other fees to be paid by Plan or Borrower
MICC/CMHC Application fee:
N/A As per mtg. issuer
Returned cheque fee: $25 $25
Early renewal fee: $25 $85 + IRD
Renewal fee: $85 $85
Discharge fee: $100 $85
Other: Mortgage insurance app. fee $75
Survey fee for non-arms length $300
Are mortgage, terms, rates or conditions set by the Trustee or Plan holder Trustee
Are partnership mortgages offered: No
INVESTMENTS HELD
Mutual Funds: Allowed
Options - Calls: Allowed (Long calls and covered call writes)
Puts: Not allowed
Section 4900 Private companies: Allowed
STATEMENTS
Transaction:
Asset:
Monthly if transaction
Quarterly
TRUSTEE: The Trust Company
OTHER COSTS AND/OR SERVICES:
Request for research/Fee: $30 per hour, min. $25
Other RRIF options available at the Financial Institution None
Other special services: Full service brokerage offered by company own full securities dealer, If client of trust Co's arm - administration fee waived
DISCOUNT BROKERAGE: TRANSACTION COSTS:
Canadian Equities:
Base Rate $25
Per Share Price: .005 - .06 cents/share
U.S. Equities:
Base Rate: $35
Per Share Price: .02 - .08 cents/share
Minimum: $40
Maximum Commission: 2.5 % of trade value -$35
Options Commission:
Base Rate: CDN $29 - $ US $29
Plus $/Contract Option Value: $1 - $2.50 on 1st contracts, .50 - $1.75 on additional.
Minimum Commission: CDN $29 - $ US $29 maximum $35 CDN - $45 US.
MUTUAL FUND COMMISSIONS: PURCHASE: ($000) (%)
Front End Load: Under $4,999 2.5% min. $40
$5,000 - $24,999 2% 25,000 and over 1%
Deferred Sale Charge: None
No Load: $25
REDEEM:
Front end load:
None if issues own funds otherwise $15
Deferred Sale Charge: Varies depending on Fund Co.
No Load: $15
SWITCH: (with one family ($000) %
Front end load: No charge
Deferred Sale Charge: Regular commission of fees apply
No Load: $40 flat
Affiliated funds: No commissions on switch

Data extracted from The Fiscal Reports - Self-Directed Registered Retirement Income Funds , Report # 12 and provided as a generic product illustration only - issuers of such products may have some, but not all of the features shown .

 

 





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