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Registered Accounts

Save for short- and long-term goals, such as retirement, and enjoy tax advantages offered by the Canadian government.

Tax-Free Savings Account (TFSA)

Save for any goal, without paying tax on your investment income.

The Right Choice if You:

  • Need to save for short or long-term goals
  • Want easy access to your money
  • Want to earn tax-free investment income from interest, dividends or capital gains
Learn More about Tax-Free Savings Account

Registered Retirement Savings Plan (RRSP)

Designed for retirement savings, an RRSP offers you tax benefits now and in the future.

The Right Choice if You:

  • Want a tax-efficient way to save for retirement
  • Don’t need access to your investments until you retire
  • Want to reduce your taxable income today
Learn More about Registered Retirement Savings Plan

Registered Retirement Income Fund (RRIF)

Ready to retire? Convert your RRSP to a RRIF to use your savings as income.

The Right Choice if You:

  • Are turning 71 and are required to close your RRSP, or are ready to start receiving retirement income before age 71
  • Want to continue growing your investments in a tax sheltered plan
  • Prefer to have some flexibility in your retirement income
Learn More about Registered Retirement Income Fund

Registered Education Savings Plan (RESP)

Save for a child’s education and grow your investments as taxes are deferred.

The Right Choice if You:

  • Are saving for a child’s post-secondary education
  • Prefer to spread out your contributions over several years
  • Want access to government grants and incentives
Learn More about Registered Education Savings Plan

Non-Registered Accounts

Non-registered, or Investment accounts, do not have limits on how much you can invest, and the income you earn is taxable.

Cash Account

Save for the future in a flexible and highly liquid account.

May be the Right Choice if You:

  • Want easy access to your money
  • Need flexibility and convenience
  • Are saving for short or long-term goals
Learn More about Cash Account

Margin Account

Gain access to additional funds to invest by borrowing against the value of your investments.

May be the Right Choice if You:

  • Want to increase your buying power
  • Prefer a high-risk, potential high reward approach to investing
  • Are looking to grow your returns faster
Learn More about Margin Account

Non-Personal Accounts

Manage your business investments with a non-personal account that fits your organization’s specific needs.

Non-Personal Account

Choose from a range of accounts such as a Corporate, Investment Club, Partnership and more.

The Right Choice if You:

  • Are looking to invest on behalf of a business or organization
  • Prefer to hold your personal and business investments in one place with one firm
Learn More about Non-Personal Accounts

“I want to steadily grow my savings.”

Build your savings over time with a Pre-Authorized Contribution plan. Simply set it up and watch your savings grow!

Pre-Authorized Contributions

“I want to get my feet wet first.”

Not sure which account is right for you? Try a Practice Account. You get $100,000 of practice money and can start over at any time.

Practice Accounts

I’m Ready to Get Started With RBC Direct Investing

Open an account online or try out our actual investing site — not a demo — with a practice account.