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.
Maximize your savings by investing beyond registered accounts
A non-registered account allows you to continue growing your savings if you’ve already maximized your registered accounts and enjoyed all their tax benefits.
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:
With a non-registered account, you pay tax on the income it generates, but not on withdrawals. To reduce these fees, you can either lower your tax rate or delay when the earnings become taxable.
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 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.
Tax advantages
Annual contribution limits
Limited holding period
Withdrawals may be taxable
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
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.
Do you know a thing or two about investing? Select the investment
products of your choice, according to your
investor profile. Deposit your savings and earn interest.
Take advantage of an interest rate that increases in different tiers while maintaining access to your money at all times.
Grow your money and protect your core investment.
Enjoy higher returns with our portfolio managers, who are among the best in the world.
Are you already a National Bank client and have access to your online bank? Simply sign in to contribute now.
Complete the secure online form to contribute to your non-registered account.
Are you an independent investor? Fill in the secure online form, then contribute to your non-registered account from your brokerage account.
Meet with an advisor to find the right solution for all your needs.
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?
RRSP
Defer your income tax until the time of withdrawal. An ideal solution for planning your retirement.
TFSA
Enjoy tax-free savings, even when you withdraw.
RESP
Save for your children's post-secondary education. As a bonus, you can take advantage of government grants.
Check out our available savings plans and types of investments.
Let's talk about non-registered accounts
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