Compare your account options
Scotia iTRADE® clients can choose from a wide range of account types.
Use this helpful account table to compare the different account options available to you. From registered accounts like RRSPs to non-registered accounts like cash or margin, the choices available to you are vast. This comparison can help you determine the best account option to meet your needs.
Different types of account comparison
|Account type||Category||Restrictions||Investment types||Currency||Account fee||Time horizon|
Defer tax payments, compound investments, and earn tax-free income, and save for your child’s post-secondary education
|Subject to annual contribution limit||Stocks, ETFs, Mutual Funds, Fixed Income and Options (limited strategies)||CAD||No fee||Short to long term|
|RSP||Subject to annual contribution limit and withholding tax upon withdrawal||Stocks, ETFs, Mutual Funds, Fixed Income and Options (limited strategies)||CAD||$100 if aggregate account is less than $25K and < than 12 trades/year||Long-term|
|RESP||Maximum lifetime contribution limit of $50K per child||Stocks, ETFs, Mutual Funds, Fixed Income and Options (limited strategies)||CAD||$25 if aggregate account is less than $15K and < than 12 trades/year||Short to long term|
No contribution or withdrawal limits
|Minimum equity requirements apply||Stocks, ETFs, Mutual Funds, Fixed Income and Options||CAD USD||$25 per quarter
Low activity account admin fee and interest on borrowing
|Short to long term|
|Cash optimizer||None||Fixed Income, Fixed Income Mutual Funds, Money Market Funds||CAD USD||No Fee||Short to long term|
|Cash||None||Stocks, ETFs, Mutual Funds, Fixed Income||CAD USD||$25 per quarter
Low activity account admin fee
|Short to long term|
This general description of our registered products is provided to you for informational purposes only and is not intended to be and should not be construed as tax advice or any other investment advice of any kind. Scotia iTRADE does not provide investment advice or recommendations of any kind, including tax advice. Individual circumstances will influence your investment decisions and you should consult with your own tax and investment advisor.
Using borrowed money to finance the purchase of securities involves greater risk than a purchase using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines.
Interest rate is subject to change at any time at Scotia iTRADE's discretion without prior notice. Interest is calculated on the daily closing balance and is paid monthly.