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.
Informational only. We may earn a referral commission on some links — at no cost to you.
Rated Canada's best overall broker by the Globe and Mail and Surviscor for multiple years running. Now completely free — zero commissions on stocks and ETFs (buys AND sells), no account fees, no inactivity fees.
No referral link — visit Qtrade directly.
Canada's largest independent brokerage. Free ETF buys and sells as of 2025. Great platform, strong reputation, good for active 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. Best for beginners who want simplicity.
Referral link — we may both earn a bonus.
Free buy and sell on Canadian and U.S. ETFs and stocks. No account minimum. Good option if you bank with National Bank.
Visit National Bank's website directly — no referral link.
Good option if you already bank with CIBC and want everything in one place. Lower fees than most big bank brokerages at $6.95/trade.
Visit CIBC directly — no referral link.
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 — no referral link.
| Broker | ETF Buy | ETF Sell | Account Min | Account Fee |
|---|---|---|---|---|
| Qtrade ⭐ | Free | Free | None | None |
| Questrade | Free | Free | $1,000 | None |
| Wealthsimple | Free | Free | None | None |
| NBDB | Free | Free | None | $100/yr under $20K |
| CIBC IE | $6.95 | $6.95 | None | $100/yr |
| Interactive Brokers | ~$1–$2 | ~$1–$2 | None | 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).