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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.
I've been in the Apartment business for over 21 years and we charge an Application Fee for the things you've mentioned above, Heather. When communities charge an Administrative Fee, it's basically another way to make more money.Ask the Property Manager what the fee is for and no two places will have the same answer.hat is an administrative fee when moving into an apartment? I am moving in a couple of months and some of the places I am considering charge an 'administrative fee'.