TD Waterhouse Discount Brokerage today announced new lower, simplified commission rates.

Effective September 4, active investors executing more than 150 trades per quarter will pay a flat rate of only $7 per Canadian or U.S. equity trade. Clients with household assets of $100,000 or more with TD Waterhouse Discount Brokerage, or executing at least 30 eligible trades per quarter, will benefit from a flat commission rate of $9.99 per Canadian or U.S. equity trade. Trades for Canadian or U.S. options will be subject to the same flat rates plus $1.25 per contract.

The new flat rates apply to trades of an unlimited number of shares and when placed using any electronic brokerage service: on the Internet through WebBroker; by phone using TalkBroker or TeleMax; or through TD Waterhouse’s specialized platforms designed exclusively for active investors — Active Trader and Active Trader Plus.

“With our new rates, we will continue to lead the industry and deliver exceptional overall value to our clients,” says John See, president, TD Waterhouse Discount Brokerage. “Competitive pricing, combined with superior platforms and exceptional tools and service, helps ensure that our clients feel confident and well-positioned to take control of their investments.”