Non-registered account

Maximize your savings by investing beyond registered accounts

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What is a non-registered account?

A non-registered account allows you to grow your savings.

It’s a flexible savings account that, depending on your choice of investment, gives you the option to make deposits or withdrawals at any time. 

Ideal if you want to:  

  • Easily save for all your important projects
  • Save for retirement beyond the contribution limits of your registered accounts
  • Have surplus money work for you
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Good to know

With a non-registered account, you must pay tax on the income generated, or capital gains when they are realized. You pay tax on investment earnings as they are realized rather than on the withdrawals you make.

What are the differences between a registered and non-registered account?

You can invest your money in different types of savings accounts. But what’s the difference between a registered and non-registered account? To help you make the right choice, we’ll break them down for you. 

Registered account

Registered plans and accounts offer exclusive tax benefits, the main one being tax-free savings. However, depending on the account (RRSP, TFSA, RESP, FHSA, etc.), certain conditions may apply.

Learn more about registered accounts

  • Tax advantages

  • Annual contribution limits

  • Limited holding period

  • Withdrawals may be taxable 

Non-registered account

A non-registered account has no government tax benefits, and the income generated is taxable. However, this type of account offers great investment flexibility.

  • No contribution limits

  • No holding limits

  • Flexible withdrawals

  • Taxable earnings

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Expert advice:

While the flexibility of a non-registered account may be attractive, consider maximizing your TFSA, RRSP, RESP, or FHSA first to take advantage of their tax benefits.

Consult your latest notice of assessment from the Canada Revenue Agency (CRA) to find out what your contribution limits are.

Our investment products for your non-registered account

Grow your non-registered account by investing your money in investment products that match your goals.

Cash Advantage Solution

Ideal for protecting your savings while benefiting from an interest rate that increases across different tiers.

Discover this solution

Guaranteed Investment Certificate (GIC)

Ideal if you’re looking for a secure investment that offers a pre-determined return.

Discover our GIC

Portfolio Solutions

Ideal for investing in a full, diverse ronge of mutual funds.

Discover our portfolios

How do I open a non-registered account with National Bank?

Are you already a National Bank client and have access to your online bank? Simply sign in to contribute now.

Open a non-registered account from your online bank

Complete the secure online form to contribute to your non-registered account.

Open an account

Need help? Watch our demo

Open a non-registered account through our online brokerage platform

Are you an independent investor? Fill in the secure online form to contribute to your non-registered account from your brokerage account. 

Open an account

Learn more about National Bank Direct Brokerage

Want to discuss it?

Meet with an advisor to find the right solution for all your needs.

Make an appointment

Need more information about your savings?

Find the answers to your questions in our Help centre or check out our articles to help guide you in the right direction:

What are the best strategies to pay less tax?

What tax credits are available for retirees?

What's the difference between registered and non-registered plans?

What happens if my RRSP contribution exceeds the limit? 

What happens if I overcontribute to my TFSA? 

Is there a penalty if I go over the FHSA’s contribution limit? 

What happens to my RESP if my child doesn’t continue studying?

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Have you maximized your registered accounts?

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RRSP

Defer your income tax until the time of withdrawal. An ideal solution for planning your retirement.

Discover the RRSP

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TFSA

Enjoy tax-free savings, even when you withdraw.

Discover the TFSA 

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RESP

Save for your children's post-secondary education. As a bonus, you can take advantage of government grants.

Discover the RESP

Check out our available savings plans and types of investments.

Learn more

We’re here to support you

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Let's talk about non-registered accounts

Meet with us to find investment solutions tailored to your needs.

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Do you have additional questions?

Check out our Help centre and get the answers you’re looking for.

Find answers

Little details that matter

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Terms of use
National Bank’s virtual assistant

When using our Virtual Assistant Service (the "Chatbot"), you accept these Terms of Use, which are subject to change without notice. Furthermore, you agree to consult these Terms of Use from time to time and acknowledge that your continuing use of the Chatbot means that you have accepted any changes that may have been made. Your continued use of the Chatbot means that you’ve read, understand and agree to these Terms of Use, the Terms of Use for our website, our Online transaction services, and to our privacy policy. You also understand any other agreements that you have with us will continue to apply when you use the Chatbot.

1. Our Services and your responsibilities

The Chatbot is an automated service which is integrated into our online banking platform.

The Chatbot is preprogrammed to answer general questions concerning the use of our online banking platform solely for informational purposes. The Chatbot is not able to answer questions on personal monetary transactions or products you hold with us.

By using the Chatbot, you understand and agree that:

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We cannot guarantee that the results obtained via the Chatbot will be accurate and reliable and that the answers provided will meet your expectations.

We will not be held liable for damages you incur as a result of:

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You have requested that these Terms of Use, and related documents be drawn up in English.

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