Where to buy ZWB, ZWC, HDIV and other covered-call ETFs without paying big bank commissions. The best low-fee options in Canada right now.
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Completely commission-free on Canadian and U.S. stocks and ETFs — buys AND sells — with no account minimum. Most cost-effective option for regular ETF buyers in Canada as of 2026.
Visit National Bank's website directly — no referral link.
Canada's largest independent brokerage. ETF purchases are free — only pay a small commission when selling. Excellent for buy-and-hold income investors.
Referral link — we may earn a commission at no cost to you.
Completely commission-free on Canadian and U.S. stocks and ETFs. Clean, simple mobile-first interface. Popular for its simplicity and zero-commission model.
Referral link — we may both earn a bonus.
The gold standard for active investors. Very low commissions, access to global markets, most powerful platform available to Canadian retail investors.
Visit Interactive Brokers Canada directly.
| Broker | ETF Buy Cost | ETF Sell Cost | Account Min |
|---|---|---|---|
| NBDB | Free | Free | None |
| Questrade | Free | $4.95–$9.95 | $1,000 |
| Wealthsimple | Free | Free | None |
| Interactive Brokers | ~$1–$2 | ~$1–$2 | None |
| Account | Tax Treatment | Best for ETFs? |
|---|---|---|
| TFSA | Completely tax-free | ✅ Best — keep 100% of every monthly distribution |
| RRSP | Tax-deferred until withdrawal | ✅ Good for retirement income |
| Non-Registered | Fully taxable annually | ⚠️ Less efficient — annual tax drag |
National Bank Direct (free), Questrade (free ETF purchases), or Wealthsimple Trade (zero commissions). All far better than paying $9.99/trade at big bank brokerages.
Yes — at any Canadian brokerage. In a TFSA all monthly distributions are completely tax-free.
No. NBDB and Wealthsimple have no minimum. Questrade requires $1,000. You can start with one ETF unit (~$20–$25 for ZWB).