Invest for your short- or long-term goals with self-directed registered accounts that provide tax advantages – and put you in control of your investment decisions.
Save for your first home tax-free in an FHSA. Pay no taxes on contributions or withdrawals, as long as they’re used to buy a qualifying home.
May be the right choice if you:
Are a first-time home buyer
Plan to buy a home in the next 15 years
With a self directed TFSA, you pay no taxes on investment income and capital gains earned on qualified investments as you save up for any goal — whether it’s a home renovation, retirement or a special purchase.
May be the right choice if you:
Invest for retirement and enjoy tax benefits now and in the future. Plus, growth on investments you hold in your RRSP is tax-deferred.
May be the right choice if you:
After you’ve invested for retirement, converting your RRSP to a RRIF allows you to withdraw your savings as income.
May be the right choice if you:
Save for a child’s future with tax-deferred growth on your investments.
May be the right choice if you:
Choose from Canadian and U.S. stocks; common and preferred shares; new issues; options; rights and warrants; equity, fixed income and money market mutual funds; exchange-traded funds (ETFs); and fixed income investments such as T-bills, bonds and GICs as long as they are qualified investments.
A spousal RRSP is a retirement savings plan that allows one spouse to own the account and the other to contribute to the account. A spousal RRSP allows couples to even out retirement income to minimize income tax.
A TFSA can be used to save for any purpose—including retirement or short-term goals. A TFSA also lets you earn investment income and capital gains tax-free. You can withdraw funds at any time and you will not be taxed on the withdrawal. An RRSP is a tax efficient way to save for retirement while reducing current income tax. There are contributions limits on a TFSA and RRSP. To find out the exact amount you can contribute for the current year, check your most recent Notice of Assessment from the Canada Revenue Agency.
In 2023, the contribution limit is $6,500. You can make contributions throughout the year or in a lump sum. In addition to the annual contribution limit, your unused contribution room is carried forward indefinitely. Plus, withdrawals are added back to your contribution room the following year.
You can invest as much as you want with a self-directed non-registered account, also known as an investment account — but the income you earn is taxable.
Invest online in a flexible, highly liquid account you can access any time you need.
May be the right choice if you:
Access additional funds by borrowing against the value of your investments, using margin-eligible securities in your RBC Direct Investing account as collateral for the loan.
May be the right choice if you:
A cash account is a non-registered account that provides easy access to your money. You can choose to open an individual or joint account, depending on your needs. Learn more about cash accounts.
A margin account allows you to access additional funds by borrowing against the value of margin-eligible investments in the account. It gives you the flexibility to do more with your non-registered investments, and take advantage of opportunities when they arise. Using borrowed money to finance the purchase of securities involves greater risk than using cash resources only. Learn more about margin accounts.
To apply for margin, download a Margin Agreement Form and an Update/Change of Client Information Form. Once completed, drop off your forms at any RBC Royal Bank branch or mail them to RBC Direct Investing using the address listed below. Note that a margin account works in conjunction with a Cash Investment Account.
Mailing Address:
RBC Direct Investing Inc.
Royal Bank Plaza
200 Bay Street, North Tower
P.O. Box 75
Toronto, Ontario M5J 2Z5
Margin account loans have competitive interest rates and allow you to borrow against the value of your investments, using margin-eligible securities in your account as collateral for the loan. Along with other account types at RBC Direct Investing, a margin account also lets you enjoy no-surprises pricingDisclaimer 2, get access to powerful tools and join the CommunityDisclaimer 3 where you can take part in discussions with other self-directed investors. Learn more about what RBC Direct Investing offers.
Manage your non-personal investments with accounts that have features tailored to the needs of your business, non-profit, trust, estate and more.
May be the right choice if you:
RBC Direct Investing can help you and your organization make the most of your investments. You get to access powerful tools and research, select from a wide range of accounts and investment choices tailored to your business or organization’s needs, and enjoy other special client privileges. Learn more about what RBC Direct Investing offers.
You can open a non-personal account by making an appointment at your closest RBC Royal Bank branch or RBC Direct Investing Investor Centre, or you can select the account type and download and print the appropriate PDF application forms.
Explore our Investing Academy to learn more about accounts and investment options, and get investing insights.
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