by Scott Ronalds

We’re excited to announce that our popular Transfer Fee Reimbursement Program is back — this time permanently! Starting January 1st, you can say goodbye to transfer fees.

Why we’re doing it

Our limited time program over the last two summers was a big success, and a good reminder that investors really hate transfer fees. And so do we, which is why we’ve never charged them on our end. So, we’re rolling out our transfer fee reimbursement program on a full-time basis to improve your investing experience and ease the burden of moving an account.

All investors are eligible for the program, but the details are slightly different from our previous limited time offers.

How it works

Transfer an account(s) to Steadyhand worth $50,000 or more and we’ll reimburse the transfer fees, up to $150 plus tax.

To receive the fee reimbursement, you must provide us a copy of your account statement(s) showing the transfer fee(s) charged, within 90 days of us receiving the transfer proceeds.

All transfer fee reimbursements will be in the form of Steadyhand fund units (based on your chosen allocation) and will not impact your contribution room for registered accounts (such as an RRSP or TFSA). In other words, if you are charged $150 in transfer fees, you will receive $150 in Steadyhand fund units in your applicable account with us.

The finer details

• You must be charged a transfer fee from your other institution to qualify for a fee reimbursement. 
• The minimum transfer requirement is $50,000 per transfer. If you are transferring multiple accounts, each must be for a minimum of $50,000 to qualify for the reimbursement. 
• The total maximum fee reimbursement per transfer is $169.50 ($150 plus tax). 
• All account types qualify (e.g., RRSPs, RRIFs, TFSAs, non-registered accounts, corporate accounts). 
• There is no limit to the number of accounts you can transfer which qualify for the fee reimbursement. For example, if you transfer five different accounts (each worth a minimum of $50,000) and are charged $150 for each transfer, we will reimburse you $750 (plus taxes). 
• You must provide us a copy of your account statement(s) showing the transfer fee(s) charged, within 90 days of us receiving the transfer proceeds. 
• We will reimburse all eligible transfer fees within 90 days of receiving a copy of the transfer fees charged. 
• Any assets transferred to us must remain in your Steadyhand account(s) for the balance of the calendar year, or the fee reimbursement will be fully clawed back. 
• We reserve the right to terminate the program at any time.

We hope this permanent program makes transferring your account to us easier. If you have any questions, please reach out to us at 1-888-888-3147 from 7:00am to 5:00pm PT Mon-Fri. We pick up our phone promptly!