Shareholders’ Auditors’ Fees
Aggregate fees paid to the Shareholders’ auditors during the fiscal years ended October 31, 2023 and 2022 were as follows:
Fees ($ millions) (1) | 2023 | 2022 |
---|---|---|
Audit fees(2) | $34.4 | $23.5 |
Audit-related fees Includes fees paid for specified procedures on the circular and other services, and French translation of financial statements, related continuous disclosures and other public documents containing financial information |
3.0 | 4.8 |
Tax Services fees Includes fees paid for tax compliance services provided to various BMO-managed investment company complexes |
0.2 | 0.3 |
All other fees Includes fees paid by BMO-managed investment company complexes |
0.9 | 0.7 |
Total | $38.5 | $29.3 |
(1) The classification of fees is based on applicable Canadian securities laws and U.S. Securities and Exchange Commission definitions.
(2) The increase in audit fees in Fiscal 2023 was substantially related to one-time items with respect to the acquisition of Bank of the West.