Talk to our Licensed Insurance and Investment Agent
Talk to our Licensed Insurance and Investment Agent
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.
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.
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.
Call 1800-666-0483 to speak with our licensed insurance advisors right away or email us at info@vertexinsurance.ca to book an appointment.
A non-registered account can be used as part of your overall financial plan, with benefits like flexibility and no contribution limits. Typically, you need to be at least 18 to use a non-registered account, but you can use it for your entire life.
Your contributions to a non-registered account are not tax-deductible. Investments in a non-registered account can earn interest or dividend income that is taxed as it is earned or generate capital gains that are taxed as they are realized. This investment income is taxed as it is earned or realized, but withdrawals are not.
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