Diversify your registered investments
Take advantage of investment opportunities in U.S. markets with Scotia iTRADE® U.S. dollar registered accounts1, which allow you to hold U.S. cash and securities in your registered account(s).
Scotia iTRADE offers Registered plans (e.g. RRSP, RRIFs) that are denominated in both Canadian and U.S dollars (except Registered Education Savings Plan which is denominated in only Canadian dollars). Where foreign denominated assets are bought, sold or held in such a registered account with both Canadian and U.S. dollar side enabled:
a. Any tax withholding or reporting under applicable tax legislation will be in Canadian dollars, at the applicable exchange rate. It is your responsibility to monitor any limits under applicable tax legislation when dealing in foreign denominated assets in a registered account;
b. We may sell or settle assets within a registered account between different currencies to administer the account, including payment of fees, or to prevent debit balances; and
c. We are not liable in respect of any fees or losses that may arise in connection with sales or conversions of foreign denominated registered assets; and
d. For contributions and withdrawals where a currency conversion occurs, the foreign currency component may include a retail "mark-up" or spread over and above the single, benchmark, mid-market rate used by Scotia Capital Inc.
Please ensure you have reviewed section 1.7 of the Scotia iTRADE® Relationship Disclosure Document and Terms and Conditions. In addition, you can get more details on foreign exchange transactions by logging onto Scotia OnLine, clicking ‘Help’, and searching for "Converting Funds Between Currencies through Scotia iTRADE" in the help section.
For trades in U.S. securities in Scotia iTRADE's U.S.-Friendly Canadian dollar registered accounts on a single trading day, the foreign currency component will be transacted at the single, benchmark, mid-market rate used by Scotia Capital Inc. to price its holdings of US/Canadian dollar currencies at the end of that trading day (SCI Rate). Scotia iTRADE will not apply its retail "mark-up" or spread over and above the SCI Rate to the foreign currency component of the trade. Only trades in U.S. securities in the U.S.-Friendly registered accounts will be given this preferential foreign exchange rate. A quarterly fee of $30 (plus applicable taxes) per registered account per calendar quarter applies. For important information on foreign exchange transactions, log on to Scotia OnLine, click ‘Help’ and search for "Converting Funds Between Currencies through Scotia iTRADE" in the Help section.