Financial products in Canada
Canadians often choose brokers that support TFSA and RRSP accounts.
Currency: Canadian Dollar (CAD)
Regulator
Canadian Investment Regulatory Organization (CIRO)
Investor protection
CIPF covers eligible accounts up to C$1 million if a member firm fails.
Tax, in general
TFSAs and RRSPs offer tax-free or tax-deferred growth.
A general summary, not tax advice. Tax rules and limits change each tax year, and the year this note reflects is not recorded yet.
Verified products
- Min. deposit
- 1000
- Regulators
- Not stated
- Fees
- Equity: $0 stocks & ETFs; Other trades: Options $0.99/contract; Account: No annual fees listed; FX: Not stated
- Investments
- Stocks, ETFs, options; limited fractional shares
- Min. deposit
- Not stated
- Regulators
- Not stated
- Fees
- Equity: Commissions among highest (amount not stated); Account: Not listed; FX: Not stated
- Investments
- TD Easy Trade: up to 100 commission-free trades/yr (mobile)
- Min. deposit
- None
- Regulators
- Not stated
- Fees
- Equity: 0; Other trades: ETFs $0; options $0.90/contract; Account: $0 (registered & non-registered); FX: Not stated
- Investments
- Stocks, ETFs, options; no fractional shares
- Min. deposit
- $10,000 to avoid fee
- Regulators
- Not stated
- Fees
- Equity: $6.95 ($4.95 if >150 trades/qtr); Other trades: Options $6.95 + $1.25/contract; Account: $100 (waived with $10,000 across accounts); FX: Not stated
- Investments
- Stocks, ETFs, options
- Min. deposit
- $20,000 to avoid fee
- Regulators
- Not stated
- Fees
- Equity: 0; Other trades: ETFs $0; options $1.25/contract (min $6.25); Account: $100 (waived with $20,000 across accounts); FX: Not stated
- Investments
- Stocks, ETFs, options
- Min. deposit
- $25,000 to avoid fee
- Regulators
- Not stated
- Fees
- Equity: 0; Other trades: Options $0.75/contract; Account: $100 (waived with $25,000 across accounts); FX: Not stated
- Investments
- Stocks, ETFs, options, multi-leg
- Min. deposit
- None
- Regulators
- Not stated
- Fees
- Equity: $0.01/share (min $1, max 0.5%); Other trades: Options $1.25/contract (min $1.50); Account: $10/mo inactivity, offset by commissions; FX: Not stated
- Investments
- Stocks, options, fractional shares
Wealthsimple Trade / RBC Direct Investing
Discount / bank
Third-party figures, not checked with the provider
- Min. deposit
- Not stated
- Regulators
- Not stated
- Fees
- Equity: Not in source; Account: Not in source; FX: Not stated
- Investments
- Not stated
- Coins
- Major crypto assets
- Trading fees
- Crypto-to-crypto trading reported fee-free (Finder)
- Regulation
- Not stated in source
- Security
- Not stated in source
- Coins
- Major crypto assets
- Trading fees
- Named by Finder for low fees (2026); figures not stated
- Regulation
- Not stated in source
- Security
- Not stated in source
- Coins
- Major crypto assets
- Trading fees
- Not stated in source
- Regulation
- Not stated in source
- Security
- Not stated in source
- Min. deposit
- $5 (as reported)
- Regulators
- Not stated in source
- Spreads and fees
- Not stated in source
- Platforms
- Not stated in source
- Min. deposit
- $50 on its Direct STP account (as reported)
- Regulators
- Not stated in source
- Spreads and fees
- Not stated in source
- Platforms
- Not stated in source
- Transfer fee
- Variable fee about 0.35%–2.85% (as reported)
- Exchange rate
- Mid-market rate, no added margin (as reported)
- Speed
- Not stated
- Coverage
- Over 40 currencies (not stated)
- Transfer fee
- Flat fee varies by destination; $1.99 to Mexico bank deposit (as reported)
- Exchange rate
- Margin 0.5%–3.0% above mid-market (as reported)
- Speed
- Not stated
- Coverage
- Many countries (not stated)
- Transfer fee
- $1–$5 flat (as reported)
- Exchange rate
- 0.5%–2% bank transfer; up to 4% cash pickup (as reported)
- Speed
- Not stated
- Coverage
- Many countries (not stated)
- Transfer fee
- No upfront transfer fee (as reported)
- Exchange rate
- Not stated
- Speed
- Not stated
- Coverage
- Not stated
- Monthly fee
- Plan-based maintenance fees (as reported)
- Card
- Not stated
- Spending abroad
- Not stated
- Protection
- Not stated
- Monthly fee
- No maintenance fee (as reported)
- Card
- Cross-border transfers from 0.41% (as reported)
- Spending abroad
- Not stated
- Protection
- Not stated
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