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Mortgages for Registered Accounts. The mortgage administration fee is in addition to the annual RRSP/RRIF administration fee. The mortgage administration fee is $225, payable on September 1, for each mortgage in your account at any time during the period of January 1 to December 31.The fee is not payable on a pro rata basis for any partial year that a mortgage is in your account.ST/HST, QST and PST are charged where applicable. * A Partial Plan Withdrawal that results in a balance of $100 or less remaining in a registered account is treated as a Full Plan Withdrawal and will be charged a fee of $100. The mortgage administration fee is in addition to the annual RRSP/RRIF administration fee.
DEFINITION of 'Entrance Fee'. A term that can refer to any charge for admission. However, it is commonly used in reference to continuing-care retirement communities (CCRCs). Rather than purchase a unit in a CCRC, residents typically pay a high entrance fee and monthly payments. The entrance fee is paid in exchange for services provided at the CCRC, such as nursing care throughout the lifetime of the resident.