[GTALUG] (OT) admin fee on BMO RRSP?
William Park
opengeometry at yahoo.ca
Sun Jul 8 09:37:42 EDT 2018
On Sun, Jul 08, 2018 at 06:50:39AM -0500, o1bigtenor wrote:
> On Sat, Jul 7, 2018 at 11:01 PM, William Park via talk <talk at gtalug.org> wrote:
> > Another very off-topic post...
> >
> > Recently, I found out Bank of Montreal is charging me $10 + tax
> > administration fee for RRSP account. I can't believe it. Maybe some
> > option got turned on/off by mistake. Anyone here with RRSP with BMO?
> > Are you paying admin fee, also?
> > --
>
> The wife has a RRSP portfolio with TD-Wealth (funny doesn't take much
> $ to get an
> account there - - grin) and the fees are quite a bit higher than that!!
>
> Dee
I'm not talking about Mutual Funds or ETF under RRSP. Each of those
funds have their own MER and short-term trading fees. BMO said the
admin fee is for "registered" account and for reporting to CRA. I have
RRSP with TD and RBC, but they don't charge any fees.
--
William Park <opengeometry at yahoo.ca>
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