Understanding Non-Registered Investment Accounts
Non-registered investment accounts provide a versatile option for investors seeking flexibility and broader investment opportunities beyond registered accounts. Unlike RRSPs or FHSAs, non-registered accounts have distinct characteristics that cater to specific financial goals and tax strategies. Here’s a detailed look at the features and benefits:
- You can hold a diverse combination of investments
- Unlike registered accounts, there are no contributions or withdrawal limits, offering flexibility in managing your investments
- Contributions to non-registered accounts are not tax deductible, but they provide the advantage of immediate access to funds without penalties
- All investment gains are taxable in the year they are realized, allowing for strategic tax planning
- Capital gains can be used to offset capital losses within the same tax year, optimizing tax efficiency
- Non-registered accounts can be structured as individual, joint, or in-trust accounts, accommodating various ownership and estate planning needs
- Tradex provides access to a variety of tax-efficient corporate class mutual funds. Corporate class mutual funds aim to reduce taxable distributions and can create tax-efficient cash flow
Tradex offers self-directed non-registered
accounts through the intermediaries
Agora and B2B Bank.
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