1Account Transfer-InFREE
4Deposit-Bill Payment (CAD Only)FREE*
5Deposit-Wire Transfer (CAD/USD)FREE*
6Withdrawal-Electronic Fund Transfer (EFT)FREE*††
7Partial Transfer Out$50 per account
8Account Transfer Out$150 per account
9Withdrawal-Wire Transfer (CAD/USD) – Canada$50*
10Withdrawal-Wire Transfer (USD) – International$100*
11DAP (C.O.D) Transfer In/Out$50 per name
12Courier (Canada)$45
13Courier (US)$75
14Courier (International)$100
15Registered Mail$20
16US RRSP, US Spousal RRSP & US LIRAUS $15 per quarter
17US TFSAUS $15 per quarter
18RESP$25 per year
19US RESPUS $15 per quarter
20Account Administration Fee$24.95 per quarter†††
21Partial Deregistration Fee$25††††
22Full Deregistration Fee$50††††
23Lifelong Learning Plan (LLP)$25
24Home Buyer’s Plan (HBP) partial deregistration$25
25First Home Savings Account (FSHA) partial deregistration$25
26Position Journal$25*
27DRS (Direct Registration System)$200 USD per name
28Certificate Deposit / Withdrawal$200 per Certificate / Name
29Certificate Deposit / Withdrawal Rush$450 per Certificate / Name
30Safekeeping of Certificate$50 per certificate / Month
31Research Request (Minimum 1 hour)$75 per hour
32Electronic Trade Confirmation (e-Confirmation)FREE
33Cheque Cancellation Fee$50
34Electronic Monthly Statement (e-Statement)FREE
35Paper Trade Confirmation$3
36Paper Monthly Account Statement$5
37Copy of Tax Statement$35 per account per year
38Copy of Monthly Statement$20 per account per month
39Option exercise / assignment$40
40NSF Cheque / Returned Items$50
41Stop Payment$25
42Unclaimed property$29.95 per quarter
43Estate transfer$250 per account
44Legend Removal Rule 144/33$300 per name
45Settlement of non-DTC eligible securities$450

*For cash or position movement from/to Commission-Free Account, $25 will be charged in addition to Regular Fees

All administrative fees are in the currency of the applicable account.

You may be charged by your financial institution for wiring out or receiving a wire.

†† Up to $25,000 CDN / USD per day. 

††† $24.95 per quarter will be charged to each client’s account if their combined total assets are lower than $5,000 or they do not complete at least one trade with a minimum commission of $1.99 per calendar quarter. Clients will be exempt from the account administration fee if they are under 26 years old or if their account is either a Commission-Free Trading Account, RESP account or a registered charity. If, in the following quarter after incurring the account administration fee, a client trades at least one trade with a minimum commission $1.99, commissions will be reimbursed up to $24.95 provided that the account remains opened at the end of the following quarter.

†††† Deregistration of TFSA withdrawals and RRIF minimum annual withdrawals are FREE.

Borrow Fees

A borrow fee is charged for each short position held in your account. The fee is calculated by applying a borrow rate to the market value of the position for the duration it remains open. The minimum annual borrow rate is 2.5%, and in extremely rare cases it can be as high as its market value. Typically, CI Investment Services's borrow rates range between 2.5% and 100.0%. Market value is determined using the greater of $3 per share or the share price, and is subject to a minimum value of $25,000 per short position (denominated in the currency of the account in which the position is held). Some factors that can influence the availability of stock are high demand, small float, and increased volatility of the particular security.

Example 1: You borrow 1,000 shares of ABC stock valued at $45 per share. Borrow fee (based on a borrow rate of 2.5%) = $45,000 x 2.5%/365 = $3.08 per day.

Example 2: You borrow 1,000 shares of XYZ stock valued at $15 per share. Borrow fee (based on a borrow rate of 2.5%) = $25,000 x 2.5%/365 = $1.71 per day.*

*Short positions are subject to a minimum daily value per short position.

Short selling carries risk, so it may not be appropriate for all investors and traders. Among these risks: 1) There is the theoretical possibility of unlimited loss if a shorted stock starts a dramatic rise in price. 2) There is no maximum loss that a short seller can incur, because there is no limit to how high the price of a stock can advance. 3) The short seller is responsible for maintaining adequate margin in the short account as the price of the shorted security fluctuates. 4) The short seller is liable for any dividends or other benefits paid during the period when the accounts are short. 5) Buy-in requirements become effective if adequate margin cannot be maintained by the client, and/or if the originally borrowed stock is called by its owner and no other stock can be borrowed to replace it.

See CI Investment Services's detailed Relationship Disclosure.

Interest Rates

Charged on Negative Balances

#Balance TypeInterest Rate
1CAD Negative Balance in Margin AccountCAD Prime + 1.5%
2USD Negative Balance in Margin AccountUSD Prime + 1.5%
3CAD Negative Balance in RSP AccountCAD Prime + 7.5%
4USD Negative Balance in RSP AccountUSD Prime + 7.5%
Interest is calculated daily and credited/debited to your account on a monthly basis. No interest charges will be applied if you borrow intra-day (positions flatten by end of the day).

Paid on Positive Balances

#Balance TypeInterest Rate
1CAD Positive Balance in Non-Registered AccountsPrime – 8%
2CAD Positive Balance in Registered AccountsPrime – 8%
3USD Positive Balance in Non-Registered AccountsPrime – 9%
4USD Positive balance in Registered AccountsPrime – 9%

General Considerations

  • A minimum cash balance is not required in order to receive interest.
  • Positive cash balances will not be charged interest.
  • The market value of short positions is deducted from the cash balance when calculating interest payable/charged to the client.
  • Cash balances are managed solely by the client. If an account deficit results from a security purchase, CI Investment Services will not perform a currency conversion to flatten the negative cash balance.

Under margin penalty

Accounts with a negative margin balance are subject to liquidation. In rare instances where an account remains under margin overnight, the following risk exposure fee will apply:

#Net Negative Margin BalanceInterest Rate
1Combined CADCAD Prime + 3%