Glossary

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Account Type. Account type identifies investments registration. Common account types include: Non-Registered (a regular investment account), RRSP, Self- Directed RRSP and RESP.

Adjusted Cost Base. This is the average cost of units/shares.

Administrator. This is the Investment Dealer or Intermediary who administers accounts on behalf of their investor clients.

Annual Maximum Payment Amount. This is the maximum amount that may be withdrawn from an account – usually a RRIF account.

Annual Minimum Payment. This is the minimum amount that must be withdrawn from an account – usually a RRIF account.

Average Cost per Unit/Share. Calculated by taking the net amount invested through purchases and reinvested distributions and dividing it by the number of units/shares bought.

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