Contact Us Licensee Login

Brokerage Standards Manual

V. General Brokerage Procedures

Expenses

A brokerage’s operating expenses must not be paid directly from a trust account. Once remuneration has been earned by the brokerage, the funds should be removed from the trust account either by way of a cheque or electronic withdrawal. The brokerage should then deposit the funds owing to the brokerage in the general account and disburse them to pay business expenses.