Save for your future with fewer restrictions.
A non-registered account can play an important role in your overall investment strategy enabling you to invest an unlimited amount of money in an array of investments.
- Flexibility – No contribution or withdrawal limits
- Allows you to save for short and long term goals
At a glance
- Invest in equities, mutual funds, ETFs, fixed income, exchange traded options and more
- Subject to annual taxes
- Forms an important part of your investment strategy
Types of accounts
To help you reach all of your financial goals, Scotia iTRADE offers you a great range of non-registered accounts for you to choose from.
Scotia iTRADE cash account
This account is ideal if you intend to settle your trades with cash. You can withdraw cash from your account at any time. Some considerations:
The full amount required for all payments for trade purchases must be in your Scotia iTRADE account
Funds required for the first trade purchase can be easily transferred from any of your banking accounts into the cash account before the order is placed.
Scotia iTRADE margin account1
With a Scotia iTRADE Margin Account, you can increase your buying power by borrowing money against investments in your account. For example, if the security qualifies for margin, you could borrow a percentage of the cost to purchase the security at a competitive interest rate.
Please note that minimum equity requirements apply to all Margin Accounts.
Scotia iTRADE cash optimizer investment account (COIA)
This savings account, available in both Canadian and US dollars, enables you to take advantage of higher interest rates2 as you decide when and where to invest. Here’s how:
Earn interest on your non-invested cash from the first dollar on any balance, with no minimum balance requirements
Enjoy flexibility because you can hold fixed income, fixed income mutual funds, and money market instruments