1. As of October 1st, 2012, an inactivity fee of $19.95 per quarter is charged to clients with under CAD $5,000 in combined total equity for any quarter in which the client does not complete one commissionable trade. Commissionable trades include free trades or trades made using commission rebates. Combined equity includes all accounts owned by a client, including joint accounts. Clients are exempt if they are 25 years of age or under, or are subscribed to a level 1 (or greater) data package. Charitable organizations are also exempt. If the client trades in the quarter after incurring an inactivity fee, the trades will be commission-free up to $19.95. For example, if a client incurs an inactivity fee on July 1st, any trades made in July, August or September will be commission-free up to $19.95.