Non-Registered Investment Accounts

Non-registered accounts are generally used for one or all of the following reasons:

  • To contribute over-and-above the limits set forth by registered savings accounts (e.g. RRSPs, TFSAs, Pension Plans) as a supplement for medium and long term (i.e. retirement) savings objectives
  • To save for short-term objectives - e.g. vacation, car purchase, home purchase and mortgage pay-down, amongst others.
  • To take advantage of tax-favourable income - i.e. dividends and capital gains income, which are taxed at lower rates than earned income or interest income