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RBC Direct Investing > Account Types

Account Types

Take control of your investments with the right account

At RBC Direct Investing you can open a variety of registered and non-registered accounts. Whether you are investing to save for retirement, a down payment on your home, a major purchase, or actively managing an aggressive investment portfolio, we have the account you need to help you accomplish your savings goals.

 

Explore Your Investment Options

You are on: Tax-Free Savings Account (TFSA)

With a TFSA, Canadians can save for both short- and long-term without incurring tax on investment income interest, dividends or capital gains.

Why choose an RBC Direct Investing TFSA?

  • Enjoy a low commission of $9.95 flat CDN or US per equity trade with no minimum account balance or trading activity required.1 Plus, if you trade 150 times or more per quarter, you pay only $6.95 flat CDN or US per equity trade.1
  • Choose from a wide range of investments to help you diversify your portfolio including stocks, exchange traded funds (ETFs), guaranteed investment certificates (GICs), mutual funds, options, bonds and more
  • Hold and settle trades in U.S. and Canadian dollars (opens new window) and save on foreign exchange conversion
  • No commissions when you buy or sell mutual funds2
  • No maintenance fee when you hold combined assets of $15,000 or more across all of your RBC Direct Investing accounts. Plus, you can take advantage of several other ways to have the fee waived.3

Learn More

You are on: Investment Account - Cash

With a RBC Direct Investing investment account for your non-registered investing and trading needs, you can hold a diversified portfolio of investments in U.S. or Canadian dollars or both.

Why choose an RBC Direct Investing Investment Account?

  • Enjoy a low commission of $9.95 flat CDN or US per equity trade with no minimum account balance or trading activity required.1 Plus, if you trade 150 times or more per quarter, you pay only $6.95 flat CDN or US per equity trade.1
  • Choose from a wide range of investments to help you diversify your portfolio including stocks, exchange traded funds (ETFs), guaranteed investment certificates (GICs), mutual funds, options, bonds and more
  • Hold and settle trades in U.S. and Canadian dollars (opens new window) and save on foreign exchange conversion
  • No commissions when you buy or sell mutual funds2
  • No maintenance fee when you hold combined assets of $15,000 or more across all of your RBC Direct Investing accounts. Plus, you can take advantage of several other ways to have the fee waived.3

Learn More

You are on: Investment Account - Margin

Once you qualify for a margin account, RBC Direct Investing will lend you a portion of the market value of your eligible securities – giving you access to funds that can be used for personal needs or other investments.

Why choose an RBC Direct Investing Margin Account?

  • Enjoy a low commission of $9.95 flat CDN or US per equity trade with no minimum account balance or trading activity required.1 Plus, if you trade 150 times or more per quarter, you pay only $6.95 flat CDN or US per equity trade.1
  • Choose from a wide range of investments to help you diversify your portfolio including stocks, exchange traded funds (ETFs), guaranteed investment certificates (GICs), mutual funds, options, bonds and more
  • Competitive interest rates on Margin Account loans
  • Hold and settle trades in U.S. and Canadian dollars (opens new window) and save on foreign exchange conversion
  • No commissions when you buy or sell mutual funds2
  • No maintenance fee when you hold combined assets of $15,000 or more across all of your RBC Direct Investing accounts. Plus, you can take advantage of several other ways to have the fee waived.3

Learn More

You are on: Registered Retirement Savings Plan (RRSP)

Save for retirement with an RRSP while taking advantage of tax benefits allowed by the government.

Why choose an RBC Direct Investing RRSP?

  • Enjoy a low commission of $9.95 flat CDN or US per equity trade with no minimum account balance or trading activity required.1 Plus, if you trade 150 times or more per quarter, you pay only $6.95 flat CDN or US per equity trade.1
  • Choose from a wide range of investments to help you diversify your portfolio including stocks, exchange traded funds (ETFs), guaranteed investment certificates (GICs), mutual funds, options, bonds and more
  • Hold and settle trades in U.S. and Canadian dollars (opens new window) and save on foreign exchange conversion
  • No commissions when you buy or sell mutual funds2
  • No maintenance fee when you hold combined assets of $15,000 or more across all of your RBC Direct Investing accounts. Plus, you can take advantage of several other ways to have the fee waived.3

 

Learn More

You are on: Registered Education Savings Plan (RESP)

Save for a child's post-secondary education through access to a wide range of RESP-eligible investments.

Why choose an RBC Direct Investing RESP?

  • Enjoy a low commission of $9.95 flat CDN or US per equity trade with no minimum account balance or trading activity required.1 Plus, if you trade 150 times or more per quarter, you pay only $6.95 flat CDN or US per equity trade.1
  • Choose from a wide range of investments including stocks, exchange traded funds (ETFs), guaranteed investment certificates (GICs), mutual funds, bonds and more without incurring tax on investment income
  • No commissions when you buy or sell mutual funds2
  • No maintenance fee when you hold combined assets of $15,000 or more across all of your RBC Direct Investing accounts. Plus, you can take advantage of several other ways to have the fee waived.3
  • Access to grant and tax incentive programs from the federal and provincial government

Learn More

You are on: Registered Retirement Income Fund (RRIF)

Have a maturing RRSP? Make use of your retirement savings in a tax efficient manner by converting your RRSP into a RRIF.

Why choose an RBC Direct Investing RRIF?

  • Enjoy a low commission of $9.95 flat CDN or US per equity trade with no minimum account balance or trading activity required.1 Plus, if you trade 150 times or more per quarter, you pay only $6.95 flat CDN or US per equity trade.1
  • Choose from a wide range of investments including stocks, exchange traded funds (ETFs), guaranteed investment certificates (GICs), mutual funds, options, bonds and more to best suit your retirement objectives
  • Hold and settle trades in U.S. and Canadian dollars (opens new window) and save on foreign exchange conversion
  • No commissions when you buy or sell mutual funds2
  • No maintenance fee when you hold combined assets of $15,000 or more across all of your RBC Direct Investing accounts. Plus, you can take advantage of several other ways to have the fee waived.3

Learn More

You are on: Non-Personal Accounts

From Corporate and Investment Club accounts to Partnership and Trust accounts, you can choose the type of account needed to manage your business investments.

Why choose an RBC Direct Investing Non-Personal Account?

  • Enjoy a low commission of $9.95 flat CDN or US per equity trade with no minimum account balance or trading activity required.1 Plus, if you trade 150 times or more per quarter, you pay only $6.95 flat CDN or US per equity trade.1
  • Choose from a wide range of investments products and services to help diversify your portfolio including stocks, exchange traded funds (ETFs), guaranteed investment certificates (GICs), mutual funds, options, bonds and more
  • No commissions when you buy or sell mutual funds2
  • No maintenance fee when you hold combined assets of $15,000 or more across all of your RBC Direct Investing accounts. Plus, you can take advantage of several other ways to have the fee waived.3

Learn More

 

Open an account. Make the right move and start enjoying the speed, security and reliability of RBC Direct Investing.

1) $6.95 flat CDN or US per equity trade when you trade 150 times or more per quarter.

Quarterly trading activity of clients will be reviewed on a monthly basis and pricing will go into effect on the 22nd of every month. Clients must re-qualify on a monthly basis for the pricing to stay in effect. The commission rate is available to clients who qualify based on the eligible trading activity from the previous three calendar months (e.g. Total trades count from September 1 to November 30, with pricing structure going into effect on December 22). A trade is defined as a stock, exchange-traded fund or option order for which a commission has been charged. Trades that are consolidated will count as one trade.

$6.95 and $9.95 pricing only applies to trades placed through an available Automated Service, including the online investing site and mobile application. Additional terms and conditions apply. Visit www.rbcdirectinvesting.com/lowtrades or call 1-800-769-2560 for complete details.

2) Mutual fund companies may assess additional fees – for example, deferred sales charges on back-end load funds, early redemption fees, setup fees and fees for insufficient funds on pre-authorized purchases.

3) Clients with combined assets of $15,000 or more in all of their RBC Direct Investing accounts pay no quarterly maintenance fee. Clients with combined assets of less than $15,000 in all of their RBC Direct Investing accounts pay $25 per quarter.

Clients can open a maximum of 10 accounts for a combined maintenance fee of $25/quarter. Additional maintenance fees will apply if a client opens more than 10 accounts. This fee will be assessed on client information as at the end of each quarter (March 31, June 30, September 30, December 31) and will be charged in April, July, October and January of every year.

For complete details and for information about additional ways to have the quarterly fee waived read our Commissions & Fees Schedule

 

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Need to Transfer your Account to RBC Direct Investing?

Use our convenient online form to transfer an investment or registered account from another financial institution to RBC Direct Investing.

 
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Apply for Margin:

Download a Margin Agreement Form and an Update/Change of Client Information Form. Once you have completed and signed both forms, simply drop them off at any RBC Royal Bank branch or mail them to RBC Direct Investing. Please note: A Margin Account works in conjunction with a RBC Direct Investing Cash Account. If you currently do not have a RBC Direct Investing Cash Account please complete an Investment Account Application. Due to regulatory policy, RBC Direct Investing does not open accounts for non-residents of Canada.

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