Managed accounts invest in ETFs, which each charge their own fund management fees, fund operating expenses, and other fund costs, inclusive of Goods and Services Tax (GST).
ETF-related fees will vary depending on the ETFs held in your account, but are typically between 0.10%-0.25% per year.
ETF-related fees are deducted from an ETF’s assets so you will not see these charges on your account statements. Instead, ETF-related fees are reflected in your account by a corresponding reduction to the return earned by an ETF.
When converting between Canadian dollars and another currency, the custodian applies a fee to the exchange rate.
The custodian may charge additional fees for certain administrative services (e.g. wire transfer payments or transferring your accounts to other institutions). A schedule of these administrative fees is available upon request.