MER Calculator - See How Much Mutual Fund Fees Really Cost You

MER Calculator: Calculate the True Cost of Investment Fees

See exactly how much high mutual fund fees (MERs) will cost you over time compared to low-cost ETFs like XEQT.

Even a 1-2% difference in fees can cost you tens of thousands of dollars. Try our quick scenarios or customize your own.

Starting portfolio value
How much will you add each month?
How long will you invest for?
Default: 7% (historical long-term average)
XEQT's MER is 0.20%
Average Canadian mutual fund MER is ~2%

Investment Comparison After 20 Years

Total Cost of High Fees

$0.00
By choosing a low-cost ETF like XEQT over a high-fee mutual fund, you could save 0% more money for your future.

Low-Cost ETF (XEQT)

MER: 0.20%
$0.00
Total fees paid: $0.00

High-Cost Mutual Fund

MER: 2.00%
$0.00
Total fees paid: $0.00

Year-by-Year Fee Impact

Year Low-Cost ETF High-Cost Fund Difference Fees Paid (High)

How this calculator works:

• Returns are calculated before fees, then fees (MER) are deducted annually

• Contributions are made at the start of each month

• Returns are compounded annually

• MER is charged as a percentage of your portfolio value each year

• Past performance doesn't guarantee future results

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XEQT has a 0.20% MER - that's 90% lower than the average mutual fund