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Introducing U.S. Dollar Registered Accounts
Take advantage of investment opportunities in U.S. markets with Scotia iTRADE U.S. dollar registered accounts1, which allow you to hold cash and securities in U.S. dollars without currency conversion costs1.
2018 Best Overall – Top Bank-Owned Brokerage
MoneySense Magazine, in partnership with Surviscor, released their sixth annual report on the best online brokerages in Canada. Our continuous improvements and dedication to our clients have earned us the Best Overall – Top Bank-Owned Brokerage “Top Pick” award for the third year running.
2018 Online Brokerage Annual Ranking from The Globe and Mail – Top Bank-Owned Firm
The Globe and Mail’s Rob Carrick placed Scotia iTRADE first among all bank-owned firms in his 19th annual review of Canada’s online brokerages. Rob’s review specifically cited Scotia iTRADE’s easy-to-navigate website design that empowers clients to take command of their investments.
Paperless Tax Documents
Scotia iTRADE now offers you the option to receive paperless tax documents, including T3s, T4s, T5s, NR4s and other government tax documents from the previous seven years.
To make the switch, sign on to Scotia OnLine then click on Manage My Accounts > Document Preferences > Brokerage. To view and download tax documents once you sign up, look under Brokerage Tax Documents in your Communications Centre.
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:
- 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;
- 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
- 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
- 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.