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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.

"SIMPLII FINANCIAL" and the SIMPLII FINANCIAL DESIGNS are trademarks of CIBC. "Simplii Financial" is a division of CIBC. Banking services are not available in Quebec.
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