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How does the management fee rebate for CIBC mutual funds work?
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Simplii Financial clients get a special management fee rebate of 10 basis points. You save about 10% off the current management fee. Here’s how the special management fee rebate is calculated:
- Calculated daily, paid quarterly
- Based on closing market value of the index funds within an account for the previous day
- Paid to the investor's account through a distribution of additional units of the funds
- Considered income to non-registered account holders and reported on the Statement of Trust Income and T3 tax slips. Applicable sales taxes are included
If you redeem or exchange all units of a mutual fund you get any accrued rebate up to and including the date of the trade.
- What fees do I pay for my CIBC mutual fund account?
- Does Simplii Financial offer Mutual Funds?
- What’s a mutual fund management fee?
- How do I open a mutual fund account?
- What's a mutual fund?
- Are there any standard fees for the USD Savings Account?
- Is the special management fee rebate on mutual funds available for Simplii Financial clients who are residents of Quebec or non-residents of Canada?
- Can I use a Simplii Financial RRSP Loan to buy CIBC mutual funds with the special management fee rebate?
- What are your Wire Transfer fees?
- What are Non-Sufficient Funds (NSF) charges and how can I avoid them?
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