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Non registered investments

Have you reached your maximum TFSA contribution limit? Topped up your RRSP? If your answer is YES, and you want to keep saving for your retirement, then a Non- Registered Savings Plan is what you need! Explore how this effective and flexible investment account can fit your retirement plans. Speak with one of our Experienced Investment Advisors for maximizing your financial goals.

What is a Non- Registered Account?

A non-registered account is an investment account that is taxable for Canadian citizens. It means that it is not registered with Canada’s federal government. These accounts have no contribution limits and are more flexible in terms of investments, however, offer no major tax advantages.

What are the types of Non Registered Accounts?

There are two common types of non-registered accounts (cash and margin) that can be opened by individuals or jointly with spouses, and there are many other alternatives. With non-registered accounts, you can invest in segregated funds, mutual funds, exchange-traded funds, stocks, bonds and other products.

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  • Advantages

    • Unlike Registered Retired Savings Plans (RRSPs) or Tax- Free Savings Accounts (TFSAs), Non- Registered accounts have no contribution limits, so you can save as much as you want without any penalty. There are also no withdrawal limits.
    • Anyone over the age of 19 (or 19 in certain provinces) can open a Non- Registered Account. There is no age limit on Non- Registered Account, unlike a RRSP, which must be matured into a Registered Retirement Income Fund at age71. So, this could be a good option if you’re over, or planning or using this account over, the age of 71
    • A Non- Registered Account can be useful if you’ve reached your contribution limit on an RRSP or a TFSA.


    • Investment Income and earned and gains realized in a Non- Registered Account are taxable, unlike a TFSA, for example, where they are tax-free.
    • Your contributions to a Non- Registered account are not tax deductible, so you won’t receive a tax deduction, as you do with an RRSP contribution.
    • If you choose to move funds from a Non- Registered Account to a Registered Account (like an RRSP, TFSA or Registered Education Savings Plan), there
      can be a tax consequences.

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