Registered accounts

Options to help you achieve your short and long-term financial goals

Benefits

  • Take advantage of tax-free earnings
  • Enjoy tax-deferred growth on investments
  • Designed for flexible short and long term goals
  • Opportunity for government grants/incentives
  • Diversify your investment portfolio

At a glance

  • Accounts offer tax-free or tax-sheltered growth in investments and earnings
  • Contributions you make into RRSP and FHSA are generally deductible on your income tax return
  • Annual contribution limits apply
  • Taxes upon withdrawal may apply
  • Form an important part of your investment strategy

Types of registered accounts

Defer tax payments, compound investments, earn tax-free income, and save for your child's post-secondary education.

First Home Savings Account (FHSA)

Save for your first home in a tax-free manner! 

Tax-Free Savings Accounts1 (TFSA)

A flexible investment account that helps you earn tax-free income.

Registered Retirement Savings Accounts1 (RRSP)

A tax-efficient way to save for retirement.

Registered Retirement Income Accounts1 (RRIF)

Provides you with a set yearly income, once you turn 71

U.S. dollar registered accounts

Take advantage of investment opportunities in U.S. markets with Scotia iTRADE U.S. dollar registered accounts, which allow you to trade U.S. denominated securities and hold U.S. cash in the U.S. dollar side of your registered account without incurring currency conversion charges.2

Registered Education Savings Plans1 (RESP)

An attractive way to save for your child's post-secondary education

Frequently asked questions

1
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.
2
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.
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