BMO InvestorLine Self-Directed FAQs

BMO InvestorLine online investing service provides independent investors with excellent service and fast, efficient trade execution for a wide range of investments, including stocks, options, bonds, GICs and mutual funds. Our low commissions are highly competitive and our clients enjoy access to trading, quotes and account information 24 hours a day through Automated Telephone Trading or the web. To further assist you, our BMO InvestorLine Representatives are available Monday to Friday from 8:00 a.m. to 6:00 p.m. ET. We offer our clients tools to assist in making self-directed investment decisions; we do not offer advice or recommendations to clients.

If you feel you need investment advice, a BMO Nesbitt Burns Investment Advisor can provide you with the range of investment products and relationship style you need in order to create a financial strategy that's appropriate for you.

You can apply online to open any number of accounts at BMO InvestorLine, including: cash or margin investment accounts, self-directed RRSPs and RRIFs, locked-in retirement accounts (LIRAs), life income funds (LIFs) and locked-in retirement income funds (LRIFs) and RLIFs (Restricted Life Income funds) and RLSPs (Restricted Life Income Funds).

A client account application form needs to be completed. It's simple to obtain an application to open an account. You can simply:

• Complete an online application.
• Download and print a copy from this web site
• Call 1-888-776-6886 during our business hours from 8:00 a.m. - 6:00 p.m. (ET), Monday to Friday.
• Drop in to any BMO Bank of Montreal branch.

There is no minimum amount required to open any BMO InvestorLine account. Your initial balance can be a deposit, transfer, or a combination.

BMO InvestorLine is a member of the Canadian Investor Protection Fund (CIPF). As such, clients' accounts at BMO InvestorLine are covered by CIPF up to $1,000,000. The CIPF does not cover clients' losses that result from changing market values. Visit the CIPF for more information or contact us for a brochure for more details.

For registered accounts such as an RRSP or Spouse/common-law RRSP, there is an annual administration fee of $100 for plans with assets less than $25,000. This administration fee is waived for plans with more than $25,000. This fee is waived until December 31 in the year when the account is open.

A $25 CDN fee will be charged each quarter on non-registered accounts with an account balance of less than $15,000. Taxes may apply.

• Clients who hold a RSP (including RRIF, LIRA, LIF, LRIF) with BMO InvestorLine and for clients that make two or more "commissionable trades" in 6 months.

• Informal Trusts
• Accounts open for less than 180 days

• Fee is charged when "average household account balance" at the close of business on the last day of the calendar quarter is less than $15,000.
• "Average household account balance" refers to averaging the account equity of all accounts at the same address and excludes accounts that are fee exempt.

BMO InvestorLine does not offer advice or recommendations through the Self-Directed service. We do offer advice through our adviceDirect service which acts like a virtual investment advisor. With adviceDirect you get personalized investing advice for your portfolio. This includes easy to understand ratings for all available stocks, Mutual Funds and ETFs. adviceDirect continuously monitors your portfolio ensuring you stay aligned with your personal investing style. It also instantly notifies you with unbiased buy and sell recommendations when your portfolio's asset allocation, diversification or risk requires your attention. Finally - adviceDirect provides personal support and guidance through a dedicated team of licensed investment specialists.

Related fees are charged by the transferring institution and may vary depending on the institution; account type and size; type of investments held in the account; whether the transfer is full or partial; etc. Other fees may apply, such as commissions where an account is being transferred in cash and investments must be liquated. Please consult your transferring institution to determine the applicable transfer fees for your account.

You can place equity, options, gic, fixed income and mutual fund orders online. For equity orders, you can place buy, sell, or sell short orders at either market or at limit price. You can also place stop orders on those markets which support this type of order.

Gold

Exclusive access to the 5-star relationship team dedicated to serving 5-star members.

• Real time quotes
• BMO Active Trader
• Morningstar Economics/Equity/ETF
• Standard & Poor’s
• BMO Capital Markets economics
• No annual registered account administration fee
• Transfer fee reimbursement from another institution
• Preferred interest rates for debit balances in margin accounts

Platinum

• Real time quotes
• Level 2 quotes
• BMO Active Trader Pro
• Morningstar Economics/Equity/ETF
• BMO Capital Markets economics
• Standard & Poor's
• BMO Capital Market TSX 60
• No RRSP/RRIF deregistration fees with assets in excess of $1 million CAD
• No fee for withdrawals under First-Time Home
• Buyers plan or Lifelong Learning plan

Diamond

• Real time quotes
• Level 2 quotes
• BMO Active Trader Pro
• Morningstar Economics/Equity/ETF
• BMO Capital Markets economics
• Standard & Poor's
• BMO Capital Market TSX 60
• No RRSP/RRIF deregistration fees with assets in excess of $1 million CAD
• No fee for withdrawals under First-Time Home Buyers’ plan or Lifelong Learning plan
• No cheque/paper statement replacement fees

Please contact a BMO InvestorLine representative at 1-888-776-6886.

When you first speak to a BMO InvestorLine representative, you will be asked for the following information:

• Your name as the executor/executrix
• Your address and phone number
• The date of death of the deceased
• The number of accounts held by the deceased
• Whether the account(s) is registered or non-registered
• The asset value of each account
• Whether the deceased had a will
• Whether there is a designated beneficiary(ies) on the account(s). A beneficiary is only applicable to registered accounts for residents outside Quebec.

• All accounts will be frozen, as no one is authorized to transact on them.
• All open orders will be cancelled.
• Any power of attorney, general power of attorney or trading authority will cease to be valid

Additional instructions and a checklist of required documentation will be mailed to you within 72 hours.

If you have any questions and/or concerns after receiving the checklist, please contact a BMO InvestorLine representative.

Among the several features that we have introduced to assist you in protecting your personal and financial information, our web site supports Internet Explorer browsers, version 5.5 or higher, and Netscape browsers, version 7.0 or higher that use 128-bit encryption.

Encryption is a means of scrambling information for transmission, in this case, between your PC and the Bank's computing systems. Information that is encrypted at one end is decrypted (decoded) upon receipt at the other end.

128-bit encryption is the strongest, most secure form of encryption that is generally available in Internet browsers on the market in North America today. BMO Financial Group and BMO InvestorLine require that our clients use 128-bit encryption when conducting financial transactions over the Internet. We also recommend the use of 128-bit encryption for all nonfinancial transactions over the Internet, e.g., the use of BMO InvestorLine's Online Application.

In addition to data encryption, as a BMO InvestorLine client, you require both your account number and password to access your BMO InvestorLine account through this web site. If you still want more information, visit our Security page.

The answer to this question will vary, depending on the type and version of browser that you are using. You will need to consult the section in your browser that discusses security information for full details. Chances are that if you haven't specifically obtained a strong encryption browser (128-bit), you aren't using one. If you are trying to sign into your account and you are receiving an "Insufficient Encryption" message, you will need to obtain a strong encryption browser.

If you do not have a 128-bit encryption browser, you can download your preferred browser from the Microsoft site.

There are a few things you can do to keep your account secure:

• Keep your account number and password confidential and don’t reveal them to others.
• Never leave your computer unattended while signed into your account.
• Set up two-step verification and challenge questions to protect your account from unauthorized access. The two-step process adds additional security by sending a 6-digit verification code to your phone to confirm your identity. When you don’t have access to a phone, you can answer a challenge question instead.
• When you sign out of your account, clear your cache.

DO

• use 6-digit passwords. Avoid birthday dates, numeric sequences or any other combinations that can be easily guessed
• change your passwords frequently
• use different passwords for every system you access

DON'T

• use names of friends or relatives, calendar dates or common phrases
• use combinations of your name and initials
• tell anyone your password
• write passwords on easily accessible places such as your desk calendar or under your keyboard

Messages you send to us by email are not encrypted. Do not send us any personal information (example: account numbers, passwords) or financial information by Internet email. The security, integrity and privacy of any and all information exchanged between you and BMO InvestorLine via email cannot be guaranteed and any such information may be tampered with in transit by a third party.

In addition to personal and financial information, do not send us any trading instructions; as such, trading instructions via email cannot be accepted by BMO InvestorLine.

A digital certificate is an electronic "passport" that authenticates a web site when doing business or other transactions on the Web. It is issued by a certification authority (such as Entrust and Verisign). It contains, amongst other things, the name, a serial number, expiration dates and the digital signature of the certification authority, so that a recipient can verify that the certificate is genuine. You can verify a digital certificate by clicking (or double-clicking) on the closed padlock that comes up at the bottom of the browser when doing business with a secure web site.

A firewall helps to limit online access to only those with proper authorization. Consider a firewall as a virtual wall that separates a trusted environment (such as corporate or home networks) from an untrusted environment (such as the Internet) by controlling and regulating the traffic between these two environments such that the trusted environment is protected from any harmful activity (such as viruses, worms or intrusion attacks) initiated on the untrusted side.

A personal firewall (sometimes called a desktop firewall) is a software application used to help protect a single Internet-connected computer from intruders. Personal firewall protection is useful for users with "always-on" connections such as DSL, cable modem or dial-up connections. Often compared to anti-virus applications, personal firewalls work in the background, to help protect the integrity of the system from unauthorized access by controlling Internet connections to and from a user's computer, filtering inbound and outbound traffic, and alerting the user to attempted intrusions.

Windows family of operating systems uses a feature called "File Sharing" which allows other computers on the network to access your PC, even from across the Internet. The help feature included in the Microsoft products will help you disable this feature (click on Start, then Help, then Index and type "disabling folder or drive sharing" to view instructions).

North American Exchanges require all individuals who access real-time quotes to complete an Exchange Agreement. You are required to consent to the Terms and Conditions outlined in the Exchange Agreements in order to access real-time quotes online. The agreement exempts the Exchange from liability, in the event that there are errors in the data, and prevents the resale and/or redistribution of real-time quotes.

BMO InvestorLine is requesting your consent on behalf of SunGard Market Data Services, our real-time quote provider and the following exchanges: The Canadian Exchange Group (Toronto Stock Exchange Inc. (TSX) and the Canadian Venture Exchange Inc., Bourse de Montréal Inc. (Montreal Exchange (ME)), The New York Stock Exchange (NYSE), The Nasdaq Stock Market (NASDAQ) and The Options Price Reporting Authority (OPRA).

We are asking you to provide your consent to all Exchange Agreements to continue to receive real-time quote service. Copies of all the Agreements are available in PDF format for you to view, print or save.

• Canadian Exchange Group (110 KB - PDF)
• Bourse de Montréal Inc. (Montreal Exchange) (20 KB - PDF)
• New York Stock Exchange (27 KB- PDF)
• NASDAQ (93 KB - PDF)
• Option Price Reporting Authority (98 KB - PDF)

Note: You will need Adobe Acrobat Reader to download all forms.

You will be presented with the individual Exchange Agreements and asked to agree/consent to each agreement. Upon consenting to all agreements you will gain access real-time quotes and online trading of equities and options. If you do not accept all exchange agreements, you will not be able to access equity and option trading online. The actual process of reviewing and consenting may take anywhere from 5 to 20 minutes.

Unfortunately, you will not be able to access our real-time quote service or equity and option trading online if you do not consent to the Exchange Agreements.

Even if you don't trade options, as a BMO InvestorLine client, you have access to real-time options quotes as part of our real-time quote service. In order to provide you with uninterrupted service, you will need to consent to all Exchange Agreements.

If you have any questions about Exchange Agreements, please contact a BMO InvestorLine representative at 1-888-776-6886 during our business hours from 8:00 a.m. - 6:00 p.m. ET, Monday to Friday or contact the individual exchanges directly at the following numbers:

Canadian Exchange Group (CEG)
TSX
1-888-873-8392
marketdata@tsx.ca

Bourse de Montréal Inc. (Montreal Exchange ME)
ME
1-800-361-5353
info@boursedemontreal.com

New York Stock Exchange (NYSE)
NYSE
1-212-656-3000
www.nyse.com

The Nasdaq Stock Market (NASDAQ)
NASDAQ
1-301-978-5307
MKDATASVC@nasdaq.com

Options Price Reporting Authority (OPRA)
Chicago Board Options Exchange
1-877-THE-CBOE
help@cboe.com

A Certified True Copy of a document or form is one that has been reviewed, validated, and stamped by an authorized BMO employee.

To validate your document(s) or form(s) as a Certified True Copy, visit your local BMO branch and speak with an employee for assistance.

In Person: Present one piece of Canadian government-issued (federal, provincial, or territorial) photo ID at your local BMO branch to be validated as a Certified True Copy. Please note that provincial health cards are not accepted as a valid form of Proof of Identification.

Or;

or by mail: Provide copies of TWO documents, ONE from Group A and ONE from Group B.

We'll do everything we can to address your problem or concern quickly, efficiently and professionally.

What to do:

Step 1 – Gather your information including:

• Supporting documents concerning your query, paying special attention to the dates of occurrence;
• Names of the employee(s) involved; and
• Specifics of the concern and what you would like us to do.

Step 2 – Talk to Us

• Call 1-888-776-6886 to speak to a highly qualified Client Relationship Consultant; or
• Send us an email or letter

If you're not satisfied with the solution, the Manager will become involved in the resolution of your problem or concern.

Step 3 - Take it to the next level

If you're not satisfied with the solution you receive from the Manager in Step 2:

• The Manager will offer to communicate all the relevant details to our Client Relationship Management Centre or provide you with the contact information to elevate the issue yourself.
• We'll respond within 24 hours with a commitment to a timeframe for resolving your problem. If we're not able to reach you personally, we'll send a letter of acknowledgement setting out this commitment.
• Our staff will regularly update you on the progress being made if there's a delay.

No problem - you can reset your password online in a few simple steps:

Go to the BMO InvestorLine sign in page.

Select Forgot Your Password (in the sign in box below the Password field).

Enter your Client ID and follow next steps.

» START THE DEMO

If you don't see your new account added to your Client ID within 2-3 business days, please give us a call or send us a MyLink and we will add it for you.

Biometric login is a convenient form of authentication using either facial recognition or fingerprint reading technology – or both - to authenticate your identity when accessing a mobile app.

Biometric authentication process is a safe and convenient method of authenticating user identity - skipping the need for manual authentication via text messages or calls.

If you have multiple users accessing your device, we advise to you to not enable biometric login. Every person whose biometric credential is stored on your device can access your BMO App – potentially giving access to someone you didn’t intend to just like sharing a password.

We advise you to not enable Biometric Login for BMO Invest if other people’s faces and/or fingerprints are stored on your device.

No. You will bypass the MFA (multi-factor authentication) process if you choose to enable your biometric login.

If your Biometric Login credentials were stored in your lost phone, you can perform any of the following actions to invalidate them:

• Manually change your password associated with your account
• Call us at 1 888 776-6886 for assistance

Note: These actions will invalidate your biometric credentials and prompt you to set-up new credentials once you have gained access to your lost phone.

Yes. You will still need to use your password at every instance:

• After your password is changed.
• After a significant period of inactivity.
• After the passing of a certain period of time since your last biometric enrollment.

Yes, you can use your biometrics on multiple devices and with multiple Login IDs. However, a new enrollment will be needed for each device and ID.

You can easily make deposits/contributions and withdrawals online. Sign in and select Move Money from the top menu bar.

If you bank online with any other financial institution, you can set up BMO InvestorLine as a bill payee by entering your 8-digit BMO InvestorLine account number. You can then send funds from your bank account just as you would pay an online bill. This can take 3-5 business days.

• Fees vary depending on the type of transfer.
• Below are general fees that may apply (subject to change without notice):

*footnote star detailsGST (and PST/QST, where applicable).

Tax Consequences

BMO InvestorLine is not responsible for any tax consequences that may result from the transfer of your account(s). Please consult a tax specialist prior to submitting your transfer request for details of any potential tax consequences which may apply.

You must submit an Authorization to Transfer form. By signing into your account, select Move Money from the top menu bar, our site will guide you on whether your transfer request is eligible for electronic submission or if a manual form is required.

Transfer times vary depending on the institution and the investment types being transferred. Below are general guidelines for approximate transfer times once documentation is received:

Within BMO
BMO Nesbitt Burns: 1 to 2 weeks
BMO Bank of Montreal: Cash or mutual funds: 2 to 3 weeks
Guaranteed Investment Certificates (GICs): 4 to 6 weeks

ATON-Eligible Institutions
Brokers using ATON (Account Transfer Online Notification): 2 to 3 weeks footnote star, star^**Transfers of mutual funds may take longer.

Non-ATON (Institutions not on the ATON-Eligible list)
Non-ATON brokers: 3 to 4 weeks
GICs, Quebec savings bonds, mutual funds, and physical certificates may take longer
Pension transfers can take up to 8 weeks

The recommended method of sending securities is via a courier or by priority post which typically takes two to three days to deliver. Please retain a tracking number from the courier to monitor the status of the delivery. You may also send via registered mail, however, delivery time is much longer and could take up to two weeks.

Please complete and submit an original Power of Attorney to Transfer Stocks or Bonds form with each security certificate.

Security certificates should be sent to:

Attn: BMO InvestorLine
First Canadian Place
100 King Street W, Floor B1
Toronto, Ontario, M5X 1H3

You can place equity, options, GICs, fixed income, ETFs, and mutual fund orders online. For equity orders, you can place buy, sell, or sell short orders at either market or at limit price. You can also place stop orders on those markets which support this type of order.

Yes, BMO InvestorLine gives you flexibility when settling trades in your account. You have the option of settling the trade with either Canadian or US dollars on the order entry page.

If you choose to apply a different settlement currency from the market the security is traded, BMO InvestorLine will convert enough funds to cover the entire amount of the trade. Remember the Estimated Total Order Value is an approximation; the final exchange rate will be applied to your order at the end of the day when filled.

Please note that trades done in RESP Accounts can only be settled in Canadian dollars.

Sign in to BMO InvestorLine and select Recent Orders > Order Status Details below your Holdings summary on the Accounts page.

For Stocks, Corporate Bonds, ETFs, HISAs, GIC Purchases and GIC redemptions before 11:00 a.m. ET, the settlement guideline is the trade date plus 1 business day (T+1).

For Mutual Funds the general settlement guideline is trade date plus 1 business day (T+1) however exceptions apply. To verify if a Mutual Fund settles on T+1 or T+2, utilize the Fundserv - Fund Profiles search function.

Sign in to BMO InvestorLine and select Documents > eDocuments below your account summary. You'll be redirected to the original site.

Sign in to BMO InvestorLine and select Documents > Document Upload below your account summary. Select the account the document applies to, select the document you wish to upload and click Upload.

Payment is required to be made in advance of first trades. For margin accounts, please ensure that the amount required to meet BMO InvestorLine's prescribed margin requirement is in your account before making your first trade.

Here's how you can deposit funds into your BMO InvestorLine account:

For Cash/Margin Investment Accounts:
You can use the AccountLink^® service to deposit funds. AccountLink Service consists of your regular securities account at BMO InvestorLine and a BMO Bank of Montreal Canadian Dollar Chequing account and, if requested a US Dollar Chequing Account. AccountLink is a service that we include for all investment (non-registered) accounts at BMO InvestorLine. It is designed to give you quick and easy access to the cash in your investment account and to provide you with a convenient way to settle your trades.

You can contact us by phone and arrange for funds to be transferred from your BMO Bank of Montreal bank account or transfer funds between accounts online through BMO Bank of Montreal Online Banking.

You can also mail us a cheque. Make sure your BMO InvestorLine account number is on the cheque. Please note that your cheque must clear before you can place a trade.

For RRSP Accounts:
You can contact us by phone and arrange for funds to be transferred from your BMO Bank of Montreal bank account or your BMO InvestorLine cash/margin investment account.

You can also mail us a cheque. Make sure your BMO InvestorLine account number is on the cheque. Please note that your cheque must clear before you can place a trade.

Once your funds are in your BMO InvestorLine account, you can place a trade:

• over the Internet by signing into your account, or
• by contacting a BMO InvestorLine representative at 1-888-776-6886 during our business hours from 8:00 a.m. - 6:00 p.m. (ET), Monday to Friday.

Online quotes and trading is available for Pink Sheets and US Over-The-Counter Bulletin Board (OTC-BB) securities. Please note: these securities cannot be traded in registered accounts. Due to the speculative nature of these markets, please be aware that a very high degree of risk is involved when investing.

A market order is an order to buy/sell a security immediately. This type of order allows you to have the highest probability to execute your trade but does not guarantee the execution price.

For Example:

I wish to buy/sell 100 shares of TTT but the price is moving so quickly that I don’t know what number to decide on. Selecting a market order will allow you to execute the trade right away, however the price cannot be guaranteed as you are willing to accept any price in exchange for selling/buying the stock.

A limit order is an order to buy/sell a security at a specific price or better.

For Example:

VYX is trading at $10.50. By placing a limit order to buy at $10, if the price were to fall, the order will accept $10 or lower for this purchase.

VYX is trading at $11. By Placing a limit order to sell at $15, the order will accept $15 or more for this sale.

Buying power is calculated by taking the total value of your account and then subtracting the margin requirement for all the securities in your account. Buying power reflects the intraday market movement of your investments including any orders that are filled. It is updated every five minutes during trading hours.

Yes, the buying power reflects the margin requirements for your securities including any order fills. This is updated every five minutes during the trading day and factors in market movements.

The buying and selling of currencies. Exchanging a dollar amount of one currency for the equivalent dollar value of another currency.

Canadian and US currencies can be traded at this time.

Foreign exchange conversions can be conducted in all accounts except RESP (Registered Education Savings Plan) accounts.

Foreign Exchange conversions can be placed between the hours of 8:30 a.m. to 4:15 p.m. (ET) Monday to Friday.

The foreign exchange rate is based on the current trading value of the Canadian and US dollars.

For the purpose of Foreign Exchange transactions the fees are built into the transaction.

Another very important consideration for investors who make many trades for US-listed securities is the currency handling.

Registered accounts (excluding RESPs), as well as cash and margin accounts at BMO InvestorLine, allow you to hold US dollars and avoid making unnecessary foreign currency conversions. This could lead to significant savings for investors who make frequent trades on US stock exchanges.

BMO InvestorLine permits the following variety of investments in your RRSP:

• Cash
• Term Deposits and Guaranteed Investment Certificates receiving interest annually, such as those issued through Bank of Montreal
• Stocks and Bonds of corporations listed on a Canadian stock exchange
• Bonds and Debentures issued or guaranteed by the Government of Canada
• Bonds and Debentures issued by a province, municipality or Crown corporation
• Strip Coupon Bonds
• Equity-linked notes
• Rights and Warrants that can be used to purchase qualified investments
• Shares listed on a prescribed stock exchange outside Canada
• Units of a Mutual Fund trust, such as those offered by BMO Mutual Funds
• Covered calls, long calls and puts, LEAPs calls
• Mortgage-backed securities
• Gold and Silver certificates

BMO InvestorLine does not allow the following investments in your RRSP:

• Employee options to purchase stock
• Gold, Silver and other precious metals
• Commodity Futures or Contracts
• Listed personal property such as works of art and antiques
• Gems and other precious stones
• Land
• Bonds where the issuer is a wholly-owned subsidiary and the shares of its parent are not listed on a Canadian stock exchange
• Mortgages on commercial properties which you or a family member own
• Small business investments
• Uncovered Puts and Call Options
• Bonds or Debentures of a company whose shares are listed only on a prescribed foreign stock exchange even though the company's shares may be qualified

• A Registered Retirement Income Fund or RRIF is an account that allows you to continue to hold funds from an RRSP in a tax-sheltered status after you turn 71.
• To learn more about RRIFs please click here

• A Life Income Fund or LIF is an account that allows you to hold locked-in retirement funds from a LIRA after the year which you turn 71.
• A LIF does not allow for any new tax-deductible contributions and requires a minimum amount to be withdrawn each year starting from the year you establish the LIF. There is a maximum limit for withdrawals from this plan. Withdrawal restrictions vary from province to province.

• The Canada Revenue Agency requires that all RRSPs and LIRAs be converted into a RRIF or LIF account prior to the end of the calendar year in which the account holder turns 71. Converting your account today will ensure you continue to maintain full access and control of your account and avoid any unnecessary account restrictions.

• Your RRSP or LIRA must be converted before the end of the calendar year in which you turn 71.
• Don't wait until you are 71 to start planning what you are going to do with your account – you will need some time to investigate your options. In fact, for those retiring early, you can start a RRIF much earlier than age 71.

• To convert your RRSP to LIRA you must first open a new RRIF or LIF account.
• You can start the process to convert your RRSP to a RRIF or LIRA to a LIF by opening a new account online:

  • RRIFs can be opened by by clicking here
  • LIFs can be opened by by clicking here
• In addition to opening a new account you will also need to complete:

  • For LIFs and RRIFs, where Payment Information was not provided as part of the online application process, the Payment Information and Election to Use Spouse's Age form found here allows you to identify your payment preference and/or elect your spouse's age to use in the calculation of the yearly minimum payment.
  • For LIFs, the Addendum for Locked-in Pension Transfers to a Life Income Fund (LIF) found here which is required to confirm you agree with all the terms set forth by the province that your LIF is governed by.
    • Please note, the required addendum will vary by the jurisdiction (i.e., province or federal) in which the account is registered
  • For RRIFS and LIFs, if you require a Trading Agent on your account, you must also complete the Authorized Trading Agent form. To include a Power of Attorney on your account, please call us or chat with us to learn more about what is required and how to add a Power of Attorney to your account
• Once your account has been opened, please call us to initiate the process to transfer your existing holdings and/or assets.

• No, there are no tax implications when a RRSP or LIRA is converted to a RRIF and LIF. For specific tax advice and a detailed review of your circumstances, please speak with a professional tax advisor.

• RRIFs and LIFs require a minimum withdrawal each year as set forth by the Canada Revenue Agency
• Minimum withdrawal percentages can be found at the following links

  • RRIFs - click here
  • LIFs - click here
    • For LIFs, each province has its own specific minimum LIF withdrawal rate. This rate could differ from the Federal rate. Please visit the provincial website where your plan is registered to for more information and to confirm. If you are unsure or are having difficulties please call or chat with us

• To convert your account to a RRIF or LIF there are no fees charged. For RRIF and LIF accounts with holdings greater than $25,000 there are also no annual account administration fees charged. For RRIF and LIF accounts with less than $25,000, an account administration fee of $100 + applicable tax will be charged annually.

  • Did you know, that if you are a member of BMO InvestorLine’s 5 Star program there are no annual account administration fees associated with a RRIF or LIF account

• There are no fees charged to your account if you are withdrawing the minimum or the elected payment you established for the current year. Any payment amounts above the minimum or elected payment will be subject to a de-registration fee of $50 + applicable tax.

Rather than contribute to your own RRSP, you may contribute to your spouse's RRSP. The allowable contribution is determined based on your income, not your spouse's and is deductible in the calculation of your income. The contribution will use up some or all of your contribution room thus reducing for tax purposes, the amount you may contribute to your own RRSP. The principle advantage of this approach lies in future income splitting. If you believe that your spouse's marginal tax rate after tax credits during retirement will be lower than yours, then as a family unit, the total tax burden on retirement income can be reduced by having each spouse receive income in retirement from their own RRSPs.

• To convert your Spousal RRSP you must first open a new Spousal RRIF.

  • Spousal RRIFs can be opened by clicking here
    • Note: once you have completed the account opening process for your RRIF please call or chat with us and provide us with the account number so we can update to a spousal account
  • In addition to opening a new account you will also need to complete:
    • For LIFs and RRIFs, where Payment Information was not provided as part of the online application process, the Payment Information and Election to Use Spouse's Age form found here allows you to identify your payment preference and/or elect your spouse's age to use in the calculation of the yearly minimum payment.
    • For LIFs, the Addendum for Locked-in Pension Transfers to a Life Income Fund (LIF) found here which is required to confirm you agree with all the terms set forth by the province that your LIF is governed by.
    • For RRIFS and LIFs, if you require a Trading Agent on your account, you must also complete the Authorized Trading Agent form. To include a Power of Attorney on your account, please call us or chat with us to learn more about what is required and how to add a Power of Attorney to your account
• Once your account has been opened, please call us to initiate the process to transfer your existing holdings and/or assets.

Normally, a withdrawal by your spouse from his or her RRSP must be taken into the spouse's taxable income and is taxed at the spouse's marginal tax rate. However, there are a special set of rules known as "attribution" rules which provide that certain withdrawals from a spousal RRSP will be "attributed" back to the contributor of the funds. Essentially, any withdrawal from a spousal RRSP which has not yet matured will be attributed back to you if you have contributed to the spousal plan in the year of the withdrawal or the two preceding years.

In general terms, the attribution rules will not apply if at the time of the withdrawal:

• you and your spouse are living apart as a result of a marriage breakdown
• either you or your spouse are not a resident of Canada for tax purposes (There may be non-resident withholding tax issues to be addressed.)
• your spouse transfers, in general terms, the RRSP assets to an RRIF (and does not withdraw more than the prescribed minimum amount), or, transfers the RRSP assets to an annuity (which is not commuted for three years).

• To ensure your beneficiaries and successor annuitant are included on your new RRIF or LIF account please specify them when asked during the account application process. Beneficiaries and successors previously named on your RRSP or LIRA will not be automatically transferred or included on your RRIF or LIF

• If you require a Trading Agent on your account, you must also complete the Authorized Trading Agent form. To include a Power of Attorney on your account, please call us or chat with us to learn more about what is required and how to add a Power of Attorney to your account

• You can indicate the payment preference on your RRIF or LIF during the account application process.
• If you require the payment amount and/or frequency to change at any point in the future, please complete and submit the Payment Information form. This form must be received and processed at least 11 business days before the next scheduled payment.

• Available options include annually, semi-annually, quarterly, monthly, or one-time payment within the calendar year. Regardless of the frequency selected, all payments will be made on the 10^th or 24^th of each month

• The payments (either minimum or elected) will start automatically in the year following that which your RRIF/LIF account was opened. The minimum payment amount is calculated based on your age as of December 31^stin the previous year.

• Yes, you can withdraw from your account in the same calendar year as it was opened or prior to your first payment. Note, for RRIF accounts, there is no withholding tax on the minimum amount withdrawn, any amount above the minimum may be subject to RRSP withholding tax rules. For LIFs, please call or chat with us for assistance with determining how much can be withdrawn. Please speak with a professional tax advisor to review your circumstances further.

• Yes, you can withdraw amounts above the minimum for both a RRIF and LIF. For a LIF there is a maximum amount you are eligible to withdraw while for a RRIF there is no applicable maximum. Please call or chat with us for assistance with determining the maximum amount which can be withdrawn.

• Prior to converting your account, we ask that all existing orders in your RRSP or LIRA are cancelled so that all your assets can be moved into your RRIF/LIF.

• Once your account has been opened, please call us to initiate the process to transfer your existing holdings and/or assets

• Yes! If you have other RRIF, RRSP, LIRA or LIF accounts you can consolidate them into a single account as long as the accountholder(s) information matches.

• You can access details including the amount, frequency, start date, minimum calculated payment, elected annual payment and year-end value, online through your account. Simply log-in to your account, navigate to the “Move Money” tab. From here, go to “Manage accounts” and you will be able to see the desired details.

• RLIFs were created to accept the transfer of locked in assets from a Life Income Fund (LIF), locked-in RSP contract entered into after May 8, 2008, or, under some circumstances, pension benefit credits. In the year that they turn 55, or in any subsequent year, individuals will be allowed to 'unlock' up to 50% of the value of the RLIF by transferring it into a non-locked-in RSP or RRIF as long as this transfer happens within 60 days of the creation of the RLIF.

RLSPs are able to accept transfers from RLIF (Restricted Life Income Fund) plans for individuals who wish to return RLIF assets into a locked-in plan. Someone may want to make such a transfer because they do not want a steady stream of retirement income at the time.

An annuity is an investment vehicle usually offered by insurance companies and is designed to provide regular periodic payments to the policyholder for a specified period of time.

Annuity rates fluctuate with interest rates and generally, it is best to purchase an annuity when rates are historically high. If you purchase an annuity when interest rates are low, you may find that your income may not be sufficient for retirement.

Annuities are not flexible investments and once purchased, cannot be reversed.

No. As long as qualified income was earned in the previous year and a Social Insurance Number is available to register the plan, there is no minimum age restriction.

However, a self-directed RRSP at BMO InvestorLine requires the individual to be at least 18 years of age because of the contractual nature of securities transactions. Individuals who are under the age of majority can open an RRSP with BMO Bank of Montreal to invest in GICs instead.

Currently, individuals who were at least 18 years of age in the preceding year are allowed to over-contribute to their RRSPs by up to $2,000 without incurring the monthly 1% penalty tax. You cannot claim a tax deduction for the overcontribution in the taxation year it is made but you can wait until new RRSP contribution room is available in a future year and deduct the overcontribution in that year.

NOTE: For planholders with overcontributions in excess of $2,000 as at February 26, 1995, transition rules allow the excess to be kept and deducted against future RRSP contribution room (to a maximum of $6,000) rather than forcing immediate withdrawal of the excess.

A beneficiary is an individual or entity that is designated to receive the proceeds of an account upon the death of the account holder.

A contingent beneficiary is an individual that’s designated to receive the proceeds of an account if the beneficiary has predeceased or does not accept.

For RRSP accounts, anyone can be named as beneficiary, however, only “qualified beneficiaries” are eligible for tax deferrals upon death of the account holder.

Qualified beneficiaries may be eligible to defer taxes by transferring the RRSP to their personal registered account(s), including their own RRSP or RRIF. For example, they can transfer the funds to their own RRSP or RRIF without having to pay immediate taxes. This implies that the transferred amount will continue to grow tax-deferred until it is withdrawn, at which point it will be taxed as income.

A qualified beneficiary can be:

1. A spouse or common-law partner;
2. A financially dependent child or grandchild (under 18); or
3. A physically or mentally impaired child or grandchild.

For additional information, please consult with a professional tax advisor.

A successor annuitant is an individual who can take ownership of the account (i.e.,RRIF) and its assets as-is upon the death of the account holder without the need to transfer or sell any securities or funds to settle the account.

A successor holder is a spouse or common-law partner named to acquire all the rights as the account holder of a TFSA upon the death of the original account holder. The TFSA will continue in the spouse or common-law partner’s name.

The successor annuitant can assume the account (i.e.,RRIF) and elect to continue receiving payments, and revoke or change the designation of beneficiaries after the account holder’s death. The successor annuitant has the option to receive payments automatically.

The successor holder will acquire all the rights under the account (i.e.,TFSA) and continue the account in their own name without re-registration. The successor holder cannot manage, withdraw, or change the account without taking over the account after the death of the original account holder.

Designated beneficiary(ies) receive the proceeds of an account upon the death of the account holder.

Anyone can be designated as a beneficiary. This includes, but is not limited to, a spouse or common-law partner, a child or grandchild, a close friend or relative etc.

A successor holder can only be a spouse or common-law partner.

Only a spouse or common-law partner is eligible to be named as successor annuitant for an account.

Beneficiary and successor designations vary depending on the type of registered investment account. Review the following summary of how these designations apply:

Note: beneficiary refers to beneficiary for estates purposes. The beneficiaries for RESP accounts are treated separately and different rules may apply depending on the nature of the account.

Non-Registered accounts, like cash and margin accounts, do not typically offer beneficiary designations because the assets in non-registered accounts must go through the estate process. During this process, assets are distributed according to the account holder’s will or provincial succession laws, ensuring all debts and taxes are settled before being distributed to heirs.

Beneficiaries can not be designated and are not applicable in the following situations:

• Where the law of Quebec applies
• Non-registered accounts
• Certain trust accounts that require the distribution of assets
• Corporate accounts

Naming or designating a beneficiary on your account can help with:

• Ensuring proceeds are paid directly to the beneficiary, bypassing the estate settlement process.
• Deferring tax requirements on the account proceeds
• Annuity settlement options, providing scheduled payment for beneficiaries and quicker access to funds.
• Avoiding disputes and undue stress.
• Easing the burden on your executor and reducing risks.
• Reduce the time spent or bypass the probate process completely, saving time and cost.

Naming a successor holder on a TFSA has several advantages:

• Income earned in the TFSA account before and after the account holder’s death remains exempt from taxes.
• The successor holder gains full ownership of the TFSA account after the account holder’s passing.
• The successor holder is not required to fully transfer the funds out of the account.
• The TFSA contribution room of the successor holder remains unaffected.

Designating a successor annuitant can assist with:

• Allowing the successor annuitant to take full ownership as-is or transfer to their personal account.
• Avoiding probate and the need to wait for the full estate settlement.
• Saving on legal fees and deferring taxes.
• Saving time and reducing stress for loved ones.

When naming a beneficiary, consider the following:

• Different account types (e.g., RRSP, TFSA, RRIF) have specific rules and regulations regarding beneficiary designations.
• Provincial and/or federal laws (i.e., where the law of Quebec applies, designating a beneficiary is not applicable).
• The current financial situation of the individual(s) you are designating as a beneficiary(ies), including potential tax implications.
• Identifying how account proceeds should be divided among the beneficiaries if more than one.
• Naming contingent beneficiaries.
• Planning for regular review and update of beneficiary designations to reflect important life milestones or changes.

If you name a beneficiary and do not name a successor holder (i.e., for a TFSA) or successor annuitant (i.e., for a RRIF), the assets in your account will be transferred to the beneficiary’s account but may be subject to tax.

If you name a successor holder (for TFSA) or successor annuitant (for RRIF) but do not name a beneficiary, the successor will take over your account upon death.

• For TFSAs, the account may keep its tax-free status without affecting their TFSA contribution room.
• For RRIFs, the account will continue maintain its tax-deferred status, and taxes on withdrawals are deferred until they are withdrawn by the successor.

If you appoint a spouse or common law as a beneficiary, your account will be closed upon your death, and the assets will be transferred directly to them. The beneficiary will not have the ability to take ownership of the account directly, nor will they be able to manage or change beneficiaries for the account. Instead, the assets will be transferred into an account in the beneficiary’s name, and they will have full control over the assets at that point, including the ability to manage, transfer, or withdraw them according to their own preferences.

If you appoint a spouse or common-law partner as both the successor holder or annuitant and beneficiary of an account, the successor designation takes precedence, and the individual will have ability to assume the account as-is.

If you do not designate a beneficiary for your RRSP, the assets of your RRSP will be included in your estate and distributed according to your will. If you have a will that specifies beneficiaries for your RRSP, the assets will be distributed as outlined in the will. However, the RRSP value will be considered as part of your estate and may be subject to taxes and potential probate fees. Additionally, the value of the account will be included in the final annual income of the account holder and may be subject to income taxes, unless it qualifies for a rollover to the surviving beneficiary.

If no successor holder or beneficiary is designated in your TFSA or will, the TFSA holdings will be directed to the deceased holder’s estate and distributed in accordance with the terms of the deceased holder’s will or provincial laws, whichever is applicable.

When a non-qualified beneficiary is designated in an RRSP, the value of the RRSP is included in the account holder’s final income tax return. This means the account holder’s estate will pay taxes on the value of the account and beneficiary will receive the remaining amount after taxes.

For additional information, please consult with a professional tax advisor.

If someone other than your spouse or common-law partner is named as the beneficiary of your TFSA, the TFSA will not automatically transfer to the beneficiary. Instead, the TFSA will be included in your estate and will be subject to probate. The fair market value of the TFSA at the time of your death will be considered as part of your estate, and the beneficiary will receive the value of the TFSA. This means that the assets transferred may be subject to tax on any income or gains earned after the account holder’s passing.

For TFSAs, the successor holder takes precedence and will become the new account holder after the passing of the original account holder. The TFSA will continue to be managed as it was before the passing of the original account holder, but in the name of the successor holder. In case the successor holder is not available to assume the account, beneficiary designation(s) will apply.

For RRIFs, the successor annuitant takes precedence, and they will take control of the account. This means, the successor annuitant will have access to manage the account. In case the successor annuitant is not available to assume the account, the beneficiary designation will apply.

To designate beneficiaries on your account, you can designate up to three (3) beneficiaries and/or three (3) contingent beneficiaries per form. If you require more than three (3) beneficiaries and/or contingent beneficiaries, you can do so by completing multiple forms.

When multiple beneficiaries are designated, you also can allot specific percentages, if they add up to 100% of the proceeds, to each beneficiary.

Note: there is no limit to the number of beneficiaries you can designate on your account.

Upon the owner’s death, the beneficiary of the TFSA account will receive the funds from the owner’s TFSA account tax-free. However, any income earned in the deceased account holder’s TFSA after death is subject to taxes. Lastly, the assets do not have to be transferred to another TFSA account, but if they are, the owner’s TFSA account will be closed.

After the account holder passes away, the successor annuitant has the option to:

• Receive the entire balance of the account as a lump sum payment, taxed as income in the year it is received.
• Elect to receive periodic payment over a specified period, including minimum annual withdrawal requirements.
• Transfer the funds to their own RRIF or roll the RRIF investments into their RRSP without affecting their contribution room and annual minimum withdrawals.
• Defer receiving funds until a later date, depending on the specific terms of the account. This may include continuing the RRIF in the Successor Annuitant’s name.

The beneficiary designation of an account does not automatically transfer to another account. You are required to make your designation again when assets are transferred from RRSP or LIRA account.

Probate is the legal process of validating and distributing the assets of a deceased person. This often involves validating the authenticity of the will in court, paying debts and taxes, locating, and transferring the assets to the beneficiaries. Typically, assets with named beneficiaries bypass the probate process, allowing for a quicker, stress free, and more direct transfer.

You don’t have to wait until your elder years or if you are faced with a life-changing event to start your estate and legacy planning.

It is essential to update your plans when significant events, such as marriage, divorce, the birth of a child, or death of a close relative occur.

For registered accounts, you can view the beneficiary/successor designations for your account on your monthly account statements under the section “Individuals related to your account”. If the beneficiary/successor information for your account was recently updated, this will reflect on the next monthly statement cycle.

To add or remove a beneficiary/successor from your account, please complete and submit the “TFSA Beneficiary Designation and Successor Holder“ for TFSA accounts or the “Beneficiary Designation and Successor Annuitant” form for all other applicable registered accounts.

These forms can be found in the Forms Library by selecting “Add someone to my account” from the “I’m trying to” dropdown.

Once completed, these forms can be submitted or .

Note: any new submissions of the beneficiary/successor forms will overwrite the existing designations in place.

A Dividend Reinvestment Plan, also known as DRIP, allows you to automatically purchase additional shares or units of a security from the cash dividends paid on eligible securities without incurring commission costs.

The program is usually directly managed by the company or treasury agent and is commonly referred to as Treasury DRIP.

For some securities, which do not participate in a Treasury DRIP program, certain brokers may purchase shares in the market directly using the cash proceeds of the dividend payment. This is commonly known as Synthetic or Artificial DRIP.

BMO InvestorLine’s DRIP program only makes eligible securities which participate in a Treasury DRIP program.

BMO InvestorLine facilitates the automatic reinvestment of dividends into additional stocks or trust units for eligible Canadian issuers that offer a dividend reinvestment program.

Eligible stocks or trust units are deposited into your account upon receipt from the Canadian Depository for Securities (CDS). These securities will automatically appear in your account between 2 to 4 weeks from the dividend payment date.

To enroll your account or securities or change your current enrollment, log-in to your account on BMO Invest App or the BMO InvestorLine website and chat with us.

Note: The BMO InvestorLine Dividend Reinvestement Plan is only available to residents of Canada.

BMO InvestorLine’s Dividend Reinvestment Plan is available only for a select number of Canadian securities. You can review which securities are eligible by searching for the desired ticker. If you are unable to locate or have additional questions on a particular security please contact us to confirm a particular security’s eligibility.

Note: changes to the eligibility, whether removal or addition of a security, can be made without notice.

There are two options available for enrolling in the DRIP plan:

1. You can enroll at the individual security level where eligible.
2. You can enroll all eligible securities at the account level. This enrolls all current (and future) eligible securities in the plan

To enroll your account or securities or change your current enrollment, log-in to your account on BMO Invest App or the BMO InvestorLine website and chat with us.

Reinvested shares will appear in your account automatically upon receipt from the Canadian Depository for Securities. This can take between 2 to 4 weeks from the dividend payment date to be received.

Details, including the number, the price reinvested at, and the date of the shares received can be viewed by logging in to your BMO InvestorLine account on the BMO Invest app or through web browser and navigating to your Transaction History.

Any distributions which are eligible and reinvested will show under the column "Type" as "Reinvestment".

If cash from your dividend is not enough to purchase one full share(s), your account will be credited with the cash dividend amount.

There is no cost to enroll or make changes once enrolled in the DRIP.

For eligible shares received through the DRIP program, it can take between 2 to 4 weeks from the dividend payment date to be received from the Canadian Depository for Securities (CDS) and be deposited into your account.

In case a security is no longer eligible for the Dividend Reinvestment Plan, no changes are required on your part, any future dividends received will be automatically deposited in your account in cash.

Note: changes to eligibility for DRIP, whether removal or addition of a security, can be made without notice.

Withdrawals from a RESP account can be for education or non-education purposes:

• Education withdrawals: If the beneficiary is attending school and wishes to withdraw funds for education related expenses including but not limited to tuition, book & supplies, they can request either an Education Assistance Payment or a Post-Secondary Education (Capital) withdrawal.
• Non-education withdrawals: If the plan beneficiary does not pursue post-secondary education, different options are available to utilize the funds in the RESP account including Capital withdrawal, Accumulated Income Payments (AIP) and RRSP rollover.

Education Assistance Payments are used to finance eligible expenses associated with a beneficiary's post-secondary education. They are comprised of grants and/or income within the RESP.

The maximum EAP available for the first 13-weeks of post-secondary school enrollment is $8,000 for full-time studies and $4,000 for part-time studies.

EAP is a taxable payment and a T4A tax slip will be issued to the beneficiary for the payment amount. For Quebec residents, an additional tax slip, Releve 1 will also be issued.

To request an EAP, please complete the following RESP withdrawal form and return it to BMO InvestorLine, along with a for the beneficiary. Documents can be submitted or .

Post-Secondary Education Capital withdrawals can be made for any reason and be paid to the plan subscriber, beneficiary, or education institution to finance eligible expenses associated with a beneficiary's post-secondary education.

These withdrawals are comprised of the capital/contributions made to the account and are non-taxable.

To request an PSE withdrawal, please complete following RESP withdrawal form and return it, along with a for the beneficiary to BMO InvestorLine. Documents can be submitted or .

If the beneficiary decides not to pursue post-secondary education, the accumulated income or earnings in the RESP may be eligible for withdrawal by the subscriber, subject to certain conditions.

To know more about eligibility for AIPs and any applicable taxation, please review the following terms or consult with a tax advisor.

To request an AIP, please complete following RESP withdrawal form and return it to BMO InvestorLine. Documents can be submitted or .

The subscriber of the RESP plan may be eligible to reduce the amount of tax payable on AIPs, up to a maximum of $50,000, by contributing to their RRSP account. Contribution amounts are subject to available contribution limits in the individuals RRSP.

To learn more about the eligibility of RRSP Rollovers, please review the following terms.

To request a RRSP rollover, please complete following RESP withdrawal form and return it along with a completed CRA form #T1171 to BMO InvestorLine. Documents can be submitted or .

If the RESP beneficiary(s) decide to not pursue post-secondary education, the contributions made by the plan subscriber can be returned. The returnable amounts are subject to repayment of any matching grants received in the plan.

To request a Capital withdrawal, please complete following RESP withdrawal form and return it to BMO InvestorLine. Documents can be submitted or .

Currently, the portions of the RESP account which are considered capital, income and/or grant are not viewable online.

To obtain a breakdown of your account balances including what portion is capital, income and/or grant, log-in to your account on BMO Invest App or the BMO InvestorLine website and chat with us or contact us.

Education Assistance Payments and Post-Secondary Education Capital (PSE) Withdrawals require proof of enrollment in a qualifying program.

To satisfy this requirement official documentation must be provided which uses the educational institution's letterhead or be readily identifiable as a document reproduced from the institution's secure student website. Examples include an enrolment letter, course confirmation, receipted invoice, tuition statement or any combination of these documents.

Letter of acceptance, offer of admission, and unpaid invoice are not acceptable for proof of enrolment. The student’s ceased/last date of enrolment indicated on the proof of enrolment must be within six-months from the date an EAP is requested.

Note: Letters provided must be signed and certified by the Office of the Registrar or department head. If a tuition statement is provided, proof of payment must be shown on the statement.

For family plans, you may be eligible to share grants and income across plan beneficiaries. This is subject to each beneficiary's maximum lifetime amounts.

For individual plans, any applicable grants held in the account would be returned to the government.

If none of the plan beneficiaries pursue post-secondary education, any applicable grants held in the account must be returned to the government.

The capital portion can be withdrawn by the subscriber tax-free through the Capital Withdrawal process.

Income held in a RESP account can be withdrawn, known as Accumulated Income Payments (AIP), by the subscriber subject to certain conditions.

The subscriber may also be eligible to transfer up to $50,000 of accumulated income to their or their spouse’s RRSP account (subject to available contribution room) as part of the RRSP Rollover process.

If the beneficiary does not pursue post-secondary education and the capital is withdrawn from the account, any grants which have been received associated with the capital withdrawn must be returned to the government.

No additional action, forms or documentation are required on your part. Grants are automatically deducted and remitted to the government as part of the withdrawal process.

A corporate action is an event initiated by an issuer that affects the securities (equity or debt) issued by the company. These include mergers and acquisitions, spin-offs, cash stock mergers, forward and reverse stock splits and name changes. Some corporate actions, such as a dividend (for equity securities) or coupon payment (for debt securities or bonds) may have a direct financial impact on shareholders or bondholders. Some, such as stock splits, may have an indirect impact on shareholders, as the increased share liquidity may cause the stock price to rise. Others, such as a name change, have no direct financial impact.

• To return profits to shareholders. A public company may declare a cash dividend to be paid on each outstanding share.
• To influence the share price. If the price of a stock is too high or too low, the stock's liquidity suffers. Overpriced stocks will not be affordable to all investors, and underpriced stocks may be delisted. Corporate actions such as stock splits or reverse stock splits increase or decrease the number of outstanding shares resulting in a higher or lower stock price.
• For corporate restructuring. A merger is a corporate action in which two competitive or complementary companies join to increase profitability.

Important Message for Clients:

1. While BMO InvestorLine is not required to communicate corporate actions, once the information becomes available we'll make every effort to inform clients of any notifications through MyLink - your secure personal inbox, by phone or by mail.
   
   In addition, BMO InvestorLine is not responsible for any missed, lost or late communications sent through these channels. It is your responsibility to monitor the status of the securities you hold.
   
   Remember to sign in to your account on a regular basis to check MyLink for messages.
   
   We advise you to review all corporate actions you receive, to ensure you are fully aware of any impact on the securities you hold. Please note that some corporate actions may require you to select one of several alternatives and may also be time sensitive. Therefore, your attention to corporate actions that may affect your securities is imperative.
2. Dividend payments resulting from an Optional Dividend event will be paid in cash. If you prefer the share option, please inform BMO InvestorLine by calling 1-888-776-6886.
3. BMO InvestorLine will not pay out or deposit funds, or adjust your security position until we've received the securities from the transfer agent representing the issuer, regardless of the dates disclosed in the corporate action.
4. BMO InvestorLine will not permit you to sell the securities subject to the corporate action until we've received and deposited the shares to your account.
5. Any proceeds resulting from a corporate action will be paid in the currency in which the security is held with BMO InvestorLine.

As a BMO InvestorLine client you can buy and sell Canadian or US dollar-based fixed income products online. Start by searching through one of the largest online bond inventories for the fixed income product that meets your investment criteria. Choose amongst various types of fixed income products including federal, provincial and corporate bonds, strip coupons and residual bonds, T- Bills, commercial paper and bankers' acceptances.

In fixed income trading, the industry standard is to build commissions into the price. With Fixed Income Online, you can browse through our inventory at your leisure and check out our competitive offerings.

Our prices and yields vary depending on the amount being purchased. In general, the larger the purchase amount, the better the quoted price and yield.

Accrued interest is the interest that has accumulated on a bond since the last interest payment date. In calculating the total cost of a bond purchase, the purchaser must pay the accrued interest until settlement date. The purchaser then receives the full interest on the bond at the next interest payment date. Conversely, when one is selling a bond, the seller will receive the accrued interest as part of the total value of the trade.

At present, exchange traded debentures are only available through a BMO InvestorLine representative. The commission is a minimum of $35 plus $1 per bond (1 bond is $1000 face/par value). For example, 50 bonds or $50,000 face value of a bond would result in the following commission: $35 plus $50 = $85.

Click "Move Money" in the BMO InvestorLine account you would like to fund and follow the steps necessary in the "Move Cash".

There are three types of deposits you can make:

• BMO InvestorLine - deposits and regular contributions (Cash, Margin and RRSP) allow you to make contributions to your RRSP account and deposit funds into your investment account.
• BMO InvestorLine - spousal contributions (RRSP Accounts) allow you to make spousal contributions to your Spousal RRSP account.
• BMO InvestorLine - administration fees (RRSP and LIRA) allow you to pay the administration fees for your RRSP or LIRA accounts.

Yes, you can set up BMO InvestorLine as a "biller" or "payee" and send funds from your bank account at most major Canadian financial institutions. Please contact your bank to see if they include BMO InvestorLine as a "biller" or "payee".

Deposits can take 2 to 5 business days to be processed to your BMO InvestorLine account, depending on the processing time required by your financial institution.

Your bank may have a maximum daily limit for electronic or telephone transactions, please check with your bank for more details.

To ensure superior quality client service, we will guarantee a 100% reimbursement footnote star^* for any unauthorized transactions conducted in your account that results in a direct loss. Read our Online Security Guarantee for more information.

If you have opened a Cash or Margin account with us, we have automatically included AccountLink^® service as part of your account features. AccountLink Service consolidates your financial requirements into one easy-to-manage package. AccountLink is a service that we include for all non-registered accounts. It wraps the convenience of a BMO Bank of Montreal chequing account in with your BMO InvestorLine securities account.

You access your cash the same way you would with a regular BMO Bank of Montreal chequing account. You can:

• write cheques
• deposit or withdraw from any BMO Bank of Montreal Instabank^® Automated Banking Machine (ABM) across Canada
• withdraw funds from any ABM on the INTERAC^® footnote star^* network in Canada or through an ABM on the Cirrus^® footnote star^* network in the U.S. and around the world
• make point-of-sale purchases using the INTERAC Direct Payment Service (debit card transactions).

As a BMO Bank of Montreal customer, your AccountLink Services can be included as part of your Everyday Banking Plan Fee. Just another way we are working towards meeting your comprehensive financial needs.

AccountLink Service can be linked to your BMO Bank of Montreal FirstBank^® Card, just like your other BMO Bank of Montreal accounts. By linking your AccountLink Service to your FirstBank Card, you can enjoy the many services offered through BMO Bank of Montreal including:

• self-serve banking via Online Service or Telephone Banking Service
• access to BMO Bank of Montreal Instabank Automated Banking Machines (ABM) across Canada
• access to ABMs on both the INTERAC network in Canada and the Cirrus network in the U.S. and around the world
• point-of-sale purchases using the INTERAC Direct Payment Service (debit card transactions).

If you don't have a FirstBank Card, you can either contact your BMO Bank of Montreal branch to have one issued, or we can issue you an AccountLink Service Card. The choice is yours.

If you already use BMO Bank of Montreal's Online Service, or Telephone Banking Service and you have added your AccountLink account number to your FirstBank Card, then you can use Online Banking, Telephone Banking or BMO Bank of Montreal Instabank Automated Banking Machines (ABM) to transfer funds.

As well, you can call a BMO InvestorLine representative or visit your nearest BMO Bank of Montreal branch.

No. To withdraw funds in U.S. dollars from your U.S. Dollar AccountLink account, please drop by the BMO Bank of Montreal branch nearest you.

BMO InvestorLine offers competitive rates and fees. Please visit our Fees page for more details.

Each month you are entitled to two free cheques, withdrawals or transfers at a BMO Bank of Montreal branch or Instabank Automated Banking Machines (ABM), or INTERAC Direct Payment Service transactions. Thereafter, regular BMO Bank of Montreal banking fees apply. For more information, please contact us.

A line of credit is available for clients who wish to buy securities without paying for them in full. The term "margin" refers to the portion of funds you must provide, which, together with the line of credit loan, is used to make the purchase.

To buy on margin is to borrow money from BMO InvestorLine to purchase securities. The loan is secured by the value of the assets in your portfolio. All accounts are monitored daily to ensure sufficient margin levels are maintained at all times. If the price of a margined security falls to the point where the account becomes under-margined, you will be responsible for immediately taking one of the following actions:

• deposit funds or marginable securities into your BMO InvestorLine account to cover the amount you are under-margined; or
• liquidate securities to cover the amount you are under-margined.

In the event that you do not act when your account becomes under-margined, BMO InvestorLine may sell any or all of your positions. We will then apply the net proceeds to your loan with our firm, thereby eliminating or reducing any margin owing on your account.

Margin accounts are only available as non-registered accounts. You may apply for margin account privileges by completing a new account application. Margin accounts must be approved by BMO InvestorLine and a credit check must be conducted.

BMO InvestorLine offers lines of credit in Canadian and US Dollars at very competitive interest rates. Please view our current rates on our Interest Rates page or contact us for further information.

Interest is calculated on the average monthly credit and/or debit balance in your BMO InvestorLine account during the period from the 22nd day of the previous month through to and including the 21st day of the current month, and is posted to your account and compounded monthly.

You will need to set up your bank account first.

To de-register go to:

• ‘Account Services’ > ‘Move Money’
• Under FROM, select Chose Account and you’ll see ADD BMO BANK ACCOUNT at the top of the pop up.
  • Enter your 4-digit transit (branch) number, 7-digit account number and provide a nickname for this account that is 3-20 characters long.
• Once complete, click add.

Now when you choose FROM – select the InvestorLine account you wish to withdraw from, and under TO, select the bank account you just added. Input the amount and continue.

To contribute into the account, it is the reverse where TO is your BMO InvestorLine account and FROM is the bank account you added.

All beneficiaries are listed on the second page of your statement under INDIVIDUALS RELATED TO THIS ACCOUNT.

To access your statements, select ‘My Portfolio side’ > ‘eDocuments’ and they will appear on the left-hand side. Please note that statements are generated monthly or quarterly, so recent updates will not reflect until the next statement.

Statements can be viewed in your account approximately 8 business days after the end of each month.

If no transactions were performed, you will receive a quarterly statement.

• If you have signed-up or opted-in to receive online tax documents, you can locate them in the “eDocuments” section. Login to your BMO InvestorLine account to access.
• If you’re having trouble locating the “eDocuments” portion of the InvestorLine website, click here for a detailed step-by-step guide on how to access.
• Note: eDocuments are not currently available on the BMO Invest App

If you have signed up for “online only” as your delivery preference for tax documents, then all tax related documents will be available electronically in the “eDocuments” section only.

If you have selected the “online and by mail” option, tax documents will be mailed to the address on file and will also be available electronically.

Tax document availability will vary depending on the type of account and method of delivery you have selected. Click here for a detailed release schedule by tax slip type.

You may receive numerous different tax slips from BMO InvestorLine. The slips you receive will depend on the type of account you have, the income you’ve earned, contributions you’ve made, etc. For more information on the tax documents you may receive, their purpose, and expected availability please click here.

Note: for specific tax advice and detailed understanding of each document, please speak with a professional tax advisor.

The documents you receive will be for the current tax year. If you require access to documents from prior tax years, please navigate to the “eDocuments” section and select the required year from the drop down. You will only be able to see documents for the years which your account was open with BMO InvestorLine.

To change your delivery preferences for tax documents login to your account and navigate to the “Account Service” and “Settings”. From here you will see an option to edit the “Delivery preferences for your tax documents” for each of your accounts.

Your tax slip will be available in your “eDocuments” by the end of the week for which it is scheduled to be released. Click here for a detailed release schedule by tax slip type. If the tax slip is not available by the end of the week, please contact us to review.

Note: you will not receive a notification that the applicable document is available. Please check back regularly to confirm availability.

Deadline to contribute to your RRSP – March 3rd, 2025

Deadline to file 2024 personal return without penalty – April 30th, 2025

Deadline to file 2024 personal return if self-employed without penalty – June 15th, 2025

Click here for additional dates for the 2024 tax year.

Note: please remember it is important to ensure you have received all required tax slips before preparing your tax return to prevent having to amend your tax return through the filing of a T1 Adjustment form.

If you would like to view your documents electronically and are having trouble locating the “eDocuments” portion of the InvestorLine website, click here for a detailed step-by-step guide on how to access. If you need further assistance, please contact us to discuss.

To help simplify your tax preparation efforts, we have developed an overview of the various tax slips and documents you may receive from BMO InvestorLine. Click here to review the tax slips and documents you may receive from BMO InvestorLine. Tax slips received depend on the type of account and product you hold.

Note: for specific tax advice and detailed understanding of each document, please speak to a professional tax advisor.

Tax documents such as the T3 and RL-16 related to mutual fund income are issued directly by the respective mutual fund company and not BMO InvestorLine. Please check with the respective company to confirm their release schedule and distribution method (i.e., mail or online).

T3 documents (as well as RL-16, T5013 and RL-15 packages) are dependent on third-party issuers, external to BMO InvestorLine. Some external issuers (like mutual fund companies) will mail tax receipts to you directly. Please confirm with the applicable issuer their document availability schedule.

Please confirm the recipient type is set to “joint account” (e.g., Box 23 is 2 on the T5 slip). If you find an error or believe there is an issue with your tax slip, please contact us to review the issue and discuss further.

The maximum contribution for a TFSA in 2025 is $7,000 CAD. For more information on TFSA contributions please visit the Canada Revenue Agency. Your unused contribution room accumulates each year as long as you have a Social Insurance Number (SIN) (even if you do not file an income tax and benefit return or open a TFSA).

• Note: If you were 18 or older in 2009, your TFSA contribution room grows each year. If you turned 18 after 2009, your TFSA contribution room starts to grow in the year you turned 18 and accumulates every year after that year.

See below for the cumulative contribution room available assuming you were 18 or older in 2009 and no contributions have been made to date.

If you have closed your BMO InvestorLine account at any point in the tax year, any applicable tax documents will be mailed to the last address on file for your account. Tax documents will not be distributed electronically even if you have opted-in to receive your documents electronically. If you are expecting a document and haven’t received it yet, please click here for a detailed release schedule. If you need further assistance or if you haven’t received your documents, please contact us to discuss.

A T5 slip will be issued if you have or continue to hold a BMO HISA in your account. Click here to review the various tax slips and documents you may receive from BMO InvestorLine. Tax slips received depend on the type of account and product you hold.

A T3 or T5 slip is only issued for income and gains within non-registered accounts. Click here to review the various tax slips and documents you may receive from BMO InvestorLine. Tax slips received depend on the type of account and product you hold.

If you find an error or believe there is an issue on your tax slip, please contact us to review the issue and discuss further.

No problem – you can take a tour on how to reset your Client ID password with this demo or just follow a few simple steps:

1. Go to the BMO InvestorLine sign in page
2. Select Forgot Your Password (in the sign in box below the Password field)
3. Enter your Client ID
4. Enter your date of birth
5. Verify your identity using a verification code sent via text, phone or by calling BMO InvestorLine at 1-888-776-6886 between 8 a.m. and 6 p.m. (ET) Monday to Friday
6. Enter your verification code
7. Enter your “new” login password and “new” trading password

If you’re still unable to sign in, call us at 1-888-776-6886 and select your language option followed by option #3 in the call options for Account number and Password support. Please have your identification information (your account number and date of birth) ready before calling.

The security of your account is our top priority. From now on, a one-time verification code process will be used as the only method for two-step verification. When prompted, enter the one-time verification code sent to your phone to access your account.

You can take a tour with this demo or just follow a few simple steps:

1. Go to the BMO InvestorLine sign in page
2. Enter your Client ID, User Id or Account number and password to sign in
3. Select your phone number to verify your identity using a verification code that will be sent by text or automated voice call. If you do not have access to the phone associated with your account, call BMO InvestorLine at 1-888-776-6886 between 8 a.m. and 6 p.m. (ET), Monday to Friday. You will be given a code after verifying your identity.
4. Enter your verification code
5. Select ‘Add this device to my trusted device history’ if the device you are using is considered a trusted device

Our site is now optimized for Internet Explorer browsers, version 6.0 or higher, or Firefox browsers, version 2.0 or higher with JavaScript enabled (see details below). To download a browser, you can go to either the Microsoft or Mozilla web site. For more information on how to upgrade your browser, please visit our section on Security.

If you are a client and are having difficulty logging into your account, check that you have JavaScript enabled on your browser:

• If you are using Internet Explorer (I.E.) 6.0 or higher, you should enable Active scripting by going to I.E.'s Tools Menu, selecting "Internet Options", then choosing the "Security" tab, and selecting the "Custom Level" button (at bottom). Scroll down until you reach "Scripting" (topics are listed alphabetically) and make sure that you have "Active scripting" set to "Enable".
• If you are using Firefox 2.0 or higher, you should enable JavaScript by going to Firefox's Tools Menu, selecting "Options", and then click the "Contents" icon. Place a checkmark in the "Enable Javascript" box and click "OK".

If you are using Internet Explorer 8.0 or higher and regularly use multiple browser windows, please see this FAQ.

For your protection, we have limited the number of login attempts to three. If you have exceeded your three attempts, please call BMO InvestorLine at 1-888-776-6886; select your language option followed by option #3 for account number and Password support.

If you are getting this error message, it means that you are not using a 128-bit encrypted browser. 128-bit encryption is the strongest, most secure form of encryption that is generally available in Internet browsers on the market in North America today. In order to do your investing online, you must ensure that you are using 128-bit encrypted browser. We also recommend the use of 128-bit encryption for all non-financial transactions over the Internet. 128-bit encrypted browsers can be downloaded from the Microsoft or Mozilla web site.

This error message indicates that our servers are temporarily down. If you get this message, please try again later. Or you can contact a BMO InvestorLine representative.

To protect yourself, you should make sure that you do not reveal your password to anyone else. In addition, after completing your BMO InvestorLine session, you should clear your cache, or turn off and re-initiate the browser, to eliminate any copies of web pages that may have been stored in your hard drive.

This type of error message could mean several things:

• A momentary network problem has occurred with your Internet Service Provider (this is the most common cause of the problem)
• It is not possible to locate the address you have typed (could be a typing error)
• The address is outside the range of your Internet Service Provider or network

BMO InvestorLine's Alert service is a convenient tool that allows you to receive notifications on market information at any wireless device or email address you indicate. You can choose from thousands of stock symbols listed on North American markets to get volume, price and news alerts.

This is a free service for BMO InvestorLine clients. However, please be aware that your wireless service provider may charge you for receiving emails on your mobile device. Please consult your wireless carrier's customer agreement or contact them for details.

The actual delivery of alerts to your device is dependent on the time it takes to travel over the Internet and/or wireless networks. This time may vary depending on the carrier or Internet service provider you use.

Once you have completed your Alerts set-up, you can receive alerts on any device that is capable of receiving emails. This includes email-enabled PCS (digital) cell phones, text pagers or personal digital assistants (PDA) and desktop computers. If you don't want alerts sent to a wireless device, you can have them sent to your regular email address.

To receive wireless alerts on your mobile phone, pager or PDA, you need to ensure that your device is capable of receiving email messages. Then, you need to have your wireless Internet or text messaging service activated by your wireless carrier. They will provide you with an email address for your mobile device.

No. The Alerts service is designed to be a convenient tool that enhances your overall investing strategy. Sign into your account to consult detailed market information available through our web site. BMO InvestorLine's Alerts service is provided by Reuters Limited. All quote information provided through our Alerts service is delayed by 20 minutes. We cannot guarantee the accuracy or timeliness of the information provided. The delivery of alerts can be disrupted at any time, and for any reason beyond our control.

Opening a TFSA at BMO InvestorLine is easy by applying online.

There are several ways you can make a contribution to your TFSA.

1. Use online or telephone banking
   Fund your TFSA as easily as you pay bills online. Simply use your Internet or telephone banking service to add BMO InvestorLine to your list of payees
2. Contribute cash or in kind from a BMO InvestorLine cash or margin account
3. Set up pre-authorized registered contributions
   Set a convenient payment schedule that suits your needs and benefit from dollar-cost averaging. Just complete the Pre-Authorized Tax-Free Savings Account Contribution Enrolment Form (51 KB - PDF).
4. Transfer assets from other financial institutions
   Consolidate your investments with BMO InvestorLine and simply your investing activities. Begin by completing the Authorization to Transfer Account Form.
5. Deposit security certificates into your account
   Send your certificates and the completed Power of Attorney to Transfer Stock or Bond (LF255) Form by priority post directly to BMO InvestorLine at:
   
   Attn: BMO InvestorLine
   Transit #3973
   First Canadian Place
   100 King St. W., Floor B1
   Toronto, Ontario
   M5X 1H3
   
   Note: there will be a delivery charge for Priority Post.

Learn more about Tax-Free Savings Accounts

First Home Savings Account (FHSA) is a registered savings account designed to help Canadians save for the purchase of their first home. Available now at BMO InvestorLine, the FHSA allows you to hold various investment types to help grow your savings tax-free.

Opening a FHSA at BMO InvestorLine is easy. Access the application forms and instructions online.

The new Mutual Funds Screener and Research tool is seamlessly integrated into the BMO InvestorLine web platform for Self-Directed clients. Look for it in the “Mutual Funds” tab under the "News & Markets" in the top navigation bar of the Self-Directed web platform.

Absolutely! We understand that screening can be complex. To help you get started, we've included a variety of pre-defined screeners like "Top Performing," "Highly Rated," "Highly Sustainable," and "Low Fee." These pre-set filters can help you quickly find mutual funds that match your specific needs and goals.

The data powering the Screener and Research tool is still provided by Morningstar, a trusted source of investment research. We've simply modernized the way the data is presented to make it easier for you to use.

Combining characteristics of traditional mutual funds and stocks, ETFs are baskets of stocks that give you part ownership in an underlying portfolio of securities that tracks a specific market index, such as the S&P/TSX 60, Dow Jones Industrials or the S&P 500. Unlike mutual funds, you do not purchase or redeem shares from the fund. Instead, like stocks, you buy and sell shares of ETFs on an exchange.

What are options?
Options are contracts that give you the right, but not the obligation, to buy or sell an underlying asset (stock, ETF or similar product) at a specific price by a certain date. They offer flexibility for various trading strategies.

Why trade options?
Options can help generate income, manage risk, or speculate on market movements, providing versatility for both bullish and bearish outlooks.

What are the risks involved in options trading?
Options trading involves inherent risks, including the potential to lose your entire investment, and greatly magnify losses. It’s crucial to thoroughly understand the risks and complexities before you begin trading options.

What are the eligibility requirements for options trading?
To trade options with BMO InvestorLine, you need an options-approved account. This typically involves meeting certain criteria related to your investment experience, knowledge, and financial situation.

How can I apply for an options-approved account?
If you’re a new client, you can apply for an options-approved account when opening your BMO InvestorLine account. If you’re an existing client, you can upgrade your account online.

Non-registered account

Registered account

What happens if my options application is not approved?
If you application is not approved, you’ll receive a notification with the reason for the decision. You can then take steps to improve your eligibility and reapply in the future.

What tools and features does BMO InvestorLine offer for options trading?
Our platform offers a suite of powerful tools designed specifically for options traders, including advanced charting, options chains, strategy builders, options screeners, and enhanced analyzers.

What types of options strategies can I trade on BMO InvestorLine?
At BMO InvestorLine, we offer options trading across all accounts. Note that for Registered accounts, options trading is limited to Level 1.

• Level 1: Long calls, long puts, covered calls, long straddles, long strangles (covered puts are only allowed in Margin accounts approved for short selling).
• Level 3: Spreads.
• Level 5: Uncovered, short straddles, short strangles.

What are the commissions and fees for options trading on BMO InvestorLine?
Options trades are subject to commissions. For detailed information on fees and commissions, please refer to our Commission and Fee Schedule.

What is the commission on exercises and assignments?
The minimum commission for option exercise and assignment is $43. Please refer to our Commission and Fee Schedule.

What is the commission on multi-leg option trades?
The commission on the 1st leg of an online options order is $9.95 + $1.25 per contract and the 2nd leg would be $1.25 per contract. If the multi-leg strategy includes an equity position (i.e., a covered call, married put, etc.), then it would be one commission of $9.95 + $1.25 per contract. Also note, if the principal value of each leg is $2,000 or less, the maximum commission would be $35 CDN or $35 US per leg.

What educational resources does BMO InvestorLine provide for options trading?
Our Education Hub is packed with resources like articles, videos, webinars, and courses on options trading. We cater to traders of all levels, from beginners to seasoned professionals. Visit our Education Hub today.

How can I get help if I have questions on options trading or need assistance?
We are open from Monday to Friday 8am - 6pm EST please contact us at 1-888-776-6886. Alternatively, please visit this link for alternative methods to contact us.

ESG stands for Environmental, Social, and Governance.

The ESG framework promotes sustainability for present and future generations by fostering prosperity for all, equitable distribution of resources, healthy living conditions, and an environment where nature can thrive.

Through ESG, investors can understand a company's purpose, strategy, and management.

The ESG framework looks beyond profits and takes the interconnected nature of humanity into account. Companies with high ESG generally:

• Boast solid financial indicators with lower cost of capital and less volatility.
• Experience fewer instances of bribery, corruption, and fraud.
• Enjoy positive brand recognition among customers and the public.
• Command higher employee retention rates.

Our ESG framework evaluates equity and ETF investments.

ESG scores are measurements of companies’ perceived performance on the three category pillars: Environmental, Social and Governance.

A category-specific score is determined for each pillar based on the company's participation in the pillar's key issues. Among the most important issues for each pillar include, but not limited to:

Environmental

• Carbon Emissions
• Water Stress
• Renewable Energy

Social

• Labor Management
• Privacy & Data Security
• Access to Health Care

Governance

• Board
• Pay
• Business Ethics

The ESG score of a company is determined by the degree to which it is exposed to industry-specific issues and the effectiveness with which it manages these key issues. Companies are assessed based on:

• 80+ geographic and business metrics
• 100+ key governance metrics
• 150 policy and program metrics
• 20 performance metrics

You can enable biometric login for your BMO Invest app in the any one of the following ways:

Option 1 – Upon signing up with your Client ID

• Select “Remember Me”
• Type in your password and Sign In.
• You will be prompted to enable biometric login.

Option 2 – If you choose to not select the “Remember Me” box, you can enable and/or disable biometric sign in under the Settings Menu within your BMO Invest App.

Note: You must have biometrics enabled in your phone/device settings for either of the options outlined above to work.

To disable biometric login in your phone and/or device:

• Sign-in to Client ID.
• Access App settings from the menu.
• Toggle off Biometrics.