• Scotia Direct Service
  A superior, competitively-priced and flexible service that meets the needs of self-managed investors who make fewer than 30 trades per quarter.
  
  
• Scotia Active Service
  For our most active online traders, this service offers low flat fee pricing options for clients who make 30 trades or more per quarter.
  
  
• Scotia Select™ Service
  For active traders looking for a premium level of service, exclusive benefits and significant commission savings are available through our Scotia Select Service.

Print off a full copy of our schedule of fees and commissions [PDF: 56 kb], or view the information in HTML below.

NOTE: Some of our fees for self-directed registered plans and miscellaneous fees are changing effective December 7th, 2009. The new schedule of fees and commissions [PDF: 58 kb] is available for download.

Schedule of Fees and Commissions:

• Equity trades
• Option trades
• Mutual Fund trades
• Fixed Income & Money Market trades

Interest on account balances:

• Paid
• Charged

Fees:

• Self-directed registered plans
• Miscellaneous

Equity trades

Internet and Automated Telephone Service

The maximum commission is 2% of the trade value subject to a minimum commission of $28.95 charged for each trade. For trades under $2,000, the commission is $28.95.

Trader-assisted telephone service

The maximum commission is 2% of the trade value subject to a minimum commission of $42.95 charged for each trade.

Option trades

For assignments and exercises, the Trader-Assisted equity commission applies.

For assignments and exercises, the Trader-Assisted equity commission applies.

Mutual Fund trades

Minimum purchase amounts apply. Please refer to the prospectus of each fund for details.

A current list of Mutual Funds offered through ScotiaMcLeod Direct Investing is available.

Fixed Income & Money Market trades

Commissions for Bonds, Strip Coupons, GICs, T-Bills and other Fixed Income and Money Market securities if any, are included in the quoted prices. Minimum purchase amounts vary by security. For Exchange-Traded Bonds, commissions vary based on principal and term. Minimum commission is $39.95.

Interest on Account Balances⁵

Paid

Interest will be paid on the average monthly free credit balance in self-directed registered accounts at BNS Prime Rate minus 5.25%, and in cash and margin accounts on a tiered basis as follows:

Interest of less than $5.00 will not be paid.

Charged

Interest will be charged on the average monthly debit balances in both cash and margin accounts as follows:

Interest of less than $1.00 will not be charged on margin accounts. Interest of less than $5.00 will not be charged on cash account debit balances.

Fees

Self-directed registered plans

Annual administration fees, partial withdrawal fees and deregistration of plan fees do not apply to Tax-Free Savings Accounts (TFSA).

Miscellaneous

Taxes may apply to certain charges. All fees and commissions are quoted as of July 15, 2009 and are subject to change without notice.

™ Trademarks used under authorization and control of The Bank of Nova Scotia.

® Registered trademark of The Bank of Nova Scotia. ScotiaMcLeod Direct Investing is a service of Scotia Direct Investing, a division of Scotia Capital Inc., Member CIPF. Scotia Direct Investing does not provide investment advice or recommendations and investors are responsible for their own investment decisions.

1. U.S. commissions are quoted in U.S. dollars. Full commission charges apply for each partial fill, except when transacted on the same business day. All transactions in one account, in one security, on one side of the market (Buy/Sell), on the same exchange, in the same currency, during the same day, are combined and considered as one trade for the purpose of determining the applicable commission.
2. Scotia Active Service commission rates apply to trades placed through the internet or automated telephone service when at least 30 equity or option trades have been executed per quarter. Trade orders will be charged the applicable commission on a per order basis. Per order commission applies to partial fills except when transacted on the same business day. Qualification is based on the consolidated total of eligible trading activity from all "grouped" accounts per quarter. An eligible trade is defined as a commissionable filled equity or option order. Qualifying grouped accounts include accounts owned or co-owned at the same mailing address. You must notify us of these accounts and of your intention to participate in the Scotia Active Service program in advance. You must requalify for Scotia Active Service pricing on a quarterly basis. Pricing is effective on the 1st day of the month following each calendar quarter and remains in effect for 90 days subject to requalification. U.S. commissions are quoted in U.S. dollars.
3. No commissions on most funds. Other funds, 1.5% of purchase value (min. $25.95).
4. If you redeem or switch your mutual fund within 90 days of the purchase date, there are two fees that may be relevant to you:

1. Early Redemption Transaction fees may be charged and deducted from the settlement amount by some mutual fund companies including Scotia Mutual Funds. Please refer to the prospectus of each fund for details.
2. ScotiaMcLeod Direct Investing will charge an Early Redemption Fee of 1% (min. $39.95) to your SMDI account. However, redemptions of all Money Market Funds, Back-end Load Funds or Scotia Mutual Funds are excluded and will not be charged the SMDI early redemption fee.