CIBC and Renaissance Mutual Funds

Alleged trailing commissions paid to discount brokers on CIBC and Renaissance mutual funds without corresponding investment advice.

The Ontario Superior Court of Justice approved a $26 million settlement resolving claims that trailing commissions were paid to discount brokers on CIBC and Renaissance mutual funds even though discount brokers do not provide investment advice. Eligible class members can file for a proportionate share of the net settlement amount, subject to a $25 minimum entitlement threshold.

You may be eligible if you:

• People anywhere in the world who held units of a CIBC Mutual Fund or Renaissance Mutual Fund through a discount broker from Sept. 18, 2003 to Jan. 25, 2024.
• Accounts held through discount brokers such as CIBC Investor's Edge, RBC Direct Investing, Scotia iTRADE, TD Direct Investing, Questrade, Wealthsimple, and similar platforms may qualify.
• You are not eligible if you are an excluded person or if you validly opted out of the class action.

• Basic contact information
• Held covered CIBC or Renaissance mutual funds through a discount broker between Sept. 18, 2003 and Jan. 25, 2024
• Proof of purchase or supporting documents

If you do not have every document, you may still be able to file. Many settlements accept claims without receipts.

• Visit the official settlement website and select File Claim.
• File with your Claim ID and PIN if you received a notice, or use the online claim process for claims without a Claim ID and PIN.
• Provide any required supporting information or records and submit by Oct. 21, 2026.