Types of Accounts

Registered

Registered accounts provide a tax-advantaged way to save for retirement.

Features & Benefits

There are several different types of registered accounts, each type has its own distinct features and benefits.

RSPs

  • Self-directed RSPs allow you to hold many different types of investments in one account.
  • A spousal RSP lets you contribute to an RSP on behalf of your spouse. Your spouse owns the investment, but you get the tax deduction for your contribution.
  • Trade options in your RSP (long calls, puts and covered call writing are available).

RESPs

  • Self-directed RESPs allows you to hold many different types of investments in one account.
  • Government grants are paid directly to the account.  
  • Contributions can be made in lump sums or set up as systematic deposit.
  • Trade options in your RESP (long calls, puts and covered call writing are available).

RIFs

  • A self-directed RIF allows you to hold many different types of investments in one account.
  • Receive RIF payments monthly, quarterly, semi-annually or annually by Electronic Funds Transfer to your chequing account.
  • Convert a spousal RSP to a spousal RIF.
  • Trade options in your RIF (long calls, puts and covered call writing are available).

Locked-in Accounts

  • Hold different types of investments similar to other registered accounts.
  • Receive payments monthly, quarterly, semi-annually, or annually by electronic funds transfer to your chequing account.
  • Trade options (long calls, puts and covered call writing are available).
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