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The fees associated with Locked-In Retirement Savings Plans (LRSPs) are virtually identical to those for RRSP accounts. In addition to standard investment and transaction fees, the financial institution handling the LRSPs will set out administration fees for a Locked-In Retirement Savings account. These administration fees will be dictated by the type of account (Regular or Self-Directed), and may be influenced by the dollar value of your investments held with the financial institution.

All financial institutions publish a commission schedule and statement of rates and fees that include a section disclosing all of the fees associated with registered accounts. The following charts summarize the most common administration fees associated with LRSPs, but you should check with your own financial institution for a complete and up-to-date fee schedule.


Registered Account Administration Fees

 Cost Range

Self-directed Annual Admin. Fee

$0.00 - $135.00

Regular LRSP Annual Admin. Fee

$0.00 - $50.00

Transfer Fees – Full and Partial

$125.00 - $135.00

 Swap Fee for exchanging securities held an LRSP**

$35.00 - $45.00

Cheque Pick-up Fee

$0.00 - $10.00

Service Fee for Mutual Funds not distributed by your financial institution

$0.00 - $50.00/Quarter

** If permitted, the financial institution administering your LRSP will charge a fee for “swapping” an investment into or out of your LRSP.


Private Shares* Held Inside An LRSP

Cost Range

Set-Up Fee Per Security

$250.00 - $300.00

Annual Administration Fee Per Security

$100.00 - $200.00

*Also know as Canadian Controlled Private Corporations (CCPC)



Other LRSP Fees

Cost Range

Duplicate Statement, Trade Confirmations, or Income Tax Receipts

$5.00 - $20.00 Per Item

Holding Restricted Shares

$400.00 per security

Account Research Requests

$50.00 per hour

Estate Account Processing Fee

$0.00 - $100.00

Deposit Certificates Registered In The Name of a Deceased

$0.00 – $150.00 per Certificate


Note: All of the fees associated with registered accounts are subject to federal and provincial sales taxes.

Each financial institution maintains different fees schedules and some financial institutions do not accept mortgages nor privately held shares in the LRSP plans they administer. You should verify with your financial institution what securities they are willing to administer and ask for a copy of their fee disclosure statement.

In addition, financial institutions have flexibility as to which of the published fees they actually charge. Many times fees are waived if the values of your assets held with them are of sufficient size.

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