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Self-Directed Accounts At a Glance

Hold stocks, ETFs, mutual funds, GICs and more in the registered and non-registered accounts you need.

Registered Accounts

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Investments At a Glance

Build your portfolio with the investments that are right for you.

New to investing? Explore in-depth guides in the Investing Academy.

Save Faster in a Tax-Advantaged Account

Self-directed registered accounts offer unique tax benefits—and put you in control of your investments.


Tax-Free Savings Account (TFSA)

Put money away for any goal and pay no taxes on your investment income or withdrawals.Legal Disclaimer footnote1


First Home Savings Account (FHSA)

Save for your first home and pay no taxes on your investment income or withdrawals.Legal Disclaimer footnote2


Registered Retirement Savings Plan (RRSP)

Invest for the retirement you want and receive tax benefits now.


Registered Retirement Income Fund (RRIF)

Continue deferring taxes on investment earnings until you withdraw the money to use in retirement.


Registered Education Savings Plan (RESP)

Save for a child’s education by deferring taxes on earnings and using government grants.

Invest and Trade in a Non-Registered Account

With a non-registered account, there is no limit on how much you can contribute, but the income you earn is taxable.


Cash Account

Invest in a flexible, highly liquid account that lets you access your money when you need it.


Margin Account

Access additional funds by borrowing against the value of your margin-eligible securities.


Non-Personal Accounts

Manage investments on behalf of a corporation, partnership, holding company or other organization.

Explore Non-Personal Accounts

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Investment Accounts FAQs

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)Legal Disclaimer footnote7; and fixed-income investments such as T-bills, bonds and Guaranteed Investment Certificates (GICs)—as long as they are qualified investments.

Note: At this time, certain GICs cannot be purchased, sold or transferred into your FHSA.

A Tax-Free Savings Account (TFSA) is a registered investment plan that lets your earnings (like interest, dividends and capital gains) from qualified investments grow tax-free. Invest for any goal—from a new car to retirement—and never pay any Canadian tax on qualifying withdrawalsLegal Disclaimer footnote1.

A First Home Savings Account (FHSA) is a new type of registered plan that is designed to help Canadians contribute up to $40,000 on a tax-free basis to use towards the purchase of their first home.

A Registered Retirement Savings Plan (RRSP) is a tax-advantaged registered plan that can help you save for retirement and enjoy tax benefits, now and potentially in the future. RRSP contributions can be used to reduce your income tax in the current year, and any growth and income on your investments in the plan (such as dividends and capital gains) is tax-deferred until withdrawn. The features, benefits and rules for RRSPs are determined by the Government of Canada.

To learn more, check out RRSPs Explained: A Primer for Investors.

A spousal RRSP is a retirement savings plan that allows one spouse or common-law partner 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. With an RRSP, you get a tax deduction for your contributions, making it a tax efficient way to invest for retirement while reducing your current income tax bill. There are contribution 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 (CRA).

A Registered Retirement Income Fund (RRIF) is a registered plan that provides you with income drawn from the investments and savings in your Registered Retirement Savings Plan (RRSP). RRIFs are similar to RRSPs in that they offer multiple investment options, allow for tax-deferred growth of qualified investments and funds are taxable as income when withdrawn. Unlike RRSPs, however, you can't make new contributions to a RRIF—you can only transfer funds from an RRSP or another RRIF.

You can convert your RRSP (or a portion of it) into a RRIF at any age you wish, but you must transfer all your RRSP funds into a retirement income option by December 31 of the year in which you turn 71.

To learn more, check out Understanding RRIFS: What You Need to Know.

Registered Education Savings Plan (RESP) is a tax-advantaged registered plan that lets you save for a child’s post-secondary education and take advantage of government grants to help build their savings even faster. Investment earnings (like interest, dividends and capital gains) grow tax-free until they are withdrawn by the student. The features, benefits and rules for RESPs are determined by the Government of Canada.

To learn more about RESPs, check out Understanding RESPs: The Basics.

A cash account is a non-registered investment account that provides easy access to your money. You can choose to open an individual or joint account, depending on your needs.

A margin account is a brokerage account that allows you to borrow money against the investments in your account.

Let's say you purchase stock in a margin account. As the buyer, you pay a portion of the purchase price and the broker lends you the difference. You pay interest on the broker's loan and it holds the security as collateral. Any income or interest earned in your account may be used to help offset the cost of borrowing.

The portion of the purchase price that you pay depends on the security. The outstanding loan value is initially determined using the purchase price of the security. However, from that point on, the outstanding loan value is generally based on the market. This means that every day, as the value of your holdings and cash balance change in your margin account, the amount you are able to borrow against them will vary.

To learn more, check out Understanding Margin Accounts.

You can open a margin account online or using the RBC Mobile app. You can also apply for margin on an existing investment account by downloading 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.

Mailing Address:
RBC Direct Investing Inc.
Royal Bank Plaza
200 Bay Street, North Tower
P.O. Box 75
Toronto, Ontario M5J 2Z5

Our margin accounts 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. There’s potential for greater returns—and greater losses.

RBC Direct Investing can help your organization make the most of its investments. Access powerful tools and research, select from a wide range of accounts tailored to your business or organization’s needs, and access exclusive research and benefits if your organization qualifies for Royal Circle membership.

You can open a non-personal account by making an appointment at your closest RBC Royal Bank branch or Investor Centre. You can also select the account type and download and print the appropriate application forms.

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