Non-Registered Account
What is a Non-Registered Account?
Save for any reason and access your money when you need it
A non-registered account is a flexible investment account you can use to save as much as you want for any short- or long-term goal. At Ai Financial, we use this account to take advantage of investment loans, maximizing the principal to maximize returns.
How Non-Registered Account work?
- No rules or limits on contributions; however, contributions won’t reduce your taxable income
- Withdraw your money to use for any reason
- Invest for as long as you want—you don’t have to close your account at a certain age
Where to open a Non-Registered account?
Most financial institutions can open a Non-reg account. For example: banks, credit unions, trust and loan companies, insurance companies.
Open an account with as little as $50.
You don’t need to wait until having a lot of money to start investing. The key to investing is to “start,” not to “prepare.”
What's the difference between registered and non-registered plans?
Government-registered plans and accounts, like RRSPs, FHSAs, TFSAs and RESPs, let you grow your savings tax-free under certain terms and conditions.
Although non-registered accounts offer no tax benefits, they usually allow for more flexibility as they have no contribution ceiling or tax limitations.
Ai Financial services on Non-Registered Account
Your One-Stop Shop for Segregated Funds & Investment Loan
We open accounts for clients in financial institutions such as iA and Manulife and invest in segregated funds; we can also help clients transfer the funds required for Non-reg accounts from other institutions (according to different needs).
We will use this account to take advantage of investment loans, maximizing the principal to maximize returns.
Non-Registered Account FAQs
No, contributions to a non-registered account are not tax-deductible and will not reduce your taxable income.
The First Home Savings Account (FHSA) and Registered Retirement Savings Plan (RRSP) allow you to deduct contributions from your taxable income.
As many as you want.
Resources
What is an investment loan?
Can this loan last a lifetime? Interest-only payments? Tax-deductible? Is it a private loan? Is the threshold high?