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Brokerage Standards Manual

Notice of Change: Information in this manual changed when new agency and disclosure rules came into effect on June 15, 2018. Learn more about the new rules.

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.