How is the storage fee calculated?
Questrade will handle the calculation and withdrawal of funds for you.
The storage fee is 1% of the market value of the metals held in your investment account. For example, if you hold $10,000 in metal then your cost to remain in the program would be $100 per year. This fee is calculated monthly and withdrawn from the cash balance within the individual registered account.
Please note we will always set aside 1% worth of cash (or more, if you choose) in your RSP account before placing a purchase to ensure you have enough cash to cover these fees.