Accounts

You have many account options to choose from when saving for your future, with each offering plenty of advantages... as well as some restrictions.

Know Your Options

Everyone knows when they walk into a bank to open an account that they'll be asked to choose between a chequing and a savings account. Both come with distinct advantages, as well as certain restrictions.

Similarly, when working with your advisor to create a plan for your financial future, you'll be able to choose between a few different types of accounts, each with their own features.

Some of these features are very important for you to know, including tax deferral and withdrawal restrictions, and can impact your ability to grow your savings over longer periods of time.

Your two main account options are non-registered and registered accounts.
Registered Accounts
Fees

The costs associated with having professionals manage your money vary*, but generally fall into these categories:

  • Investment Management Fee
  • Operating Expenses
  • Sales Tax
  • Financial Planning & Advice

*The costs associated with a particular fund can be found in its prospectus.

Did You Know

A financial advisor can help you understand all the rules and features of these accounts to determine which type is best for you.

Don’t have a financial advisor? Before you start your search, read about working with a financial advisor.

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