Account types

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
TFSA Registered
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
Margin Non-registered
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

Account descriptions