Understanding fees and expenses



Wondering about the cost of your investment? The new Annual Fee Disclosure report can help you understand it. Starting in January 2017 you'll receive this report in your December 2016 Personal Portfolio Statement. [PDF: 718Kb]

Here's what you'll find in your new Annual Fee Disclosure report:

  • Amounts paid for advice and service on your mutual fund investments

  • Amounts paid for general administration of your account

  • Total amount paid to service your account in 2016

  • Mutual Funds: Understanding Costs

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    Find out more about that section on the Annual Fee Disclosure Report.

    1. Period reflected in this report.

    2. Your account type and number.

    3. A withdrawal or transfer fee may be applied to certain plans if you make a withdrawal or transfer funds to another financial institution.

    4. Total taxes collected for the general administration of your account.

    5. Total fees paid to Scotia Securities Inc. and taxes (e.g. GST, HST, PST, QST) collected on those fees this year.

    6. Trailing commissions Scotia Securities Inc. received from the Fund Managers for the access, service and advice provided on your account.

    7. The trailing commission is paid out of the management fee, which is part of the Management Expense Ratio (MER). 
    A $1,000 investment in a hypothetical mutual fund that has a trailing commission of up to 0.8% would pay up to $8 in trailing commissions each year.1


    Want more information on fees? Check out Mutual Funds: Understanding Costs or these FAQs.