Non-registered accounts are a type of investment account used by Canadian citizens. Non-registered accounts are flexible, offer tax advantages and have no contribution limits. Non-registered accounts can be used in conjunction with other types of investment accounts including registered retirement savings plan (RRSP) accounts.
Income from non-registered investments is typically taxable in the year it is earned, and the tax treatment depends on whether the investments produce capital gains, dividends or interest income.
A non-registered savings plan is for you if you have reached your RRSP and TFSA contribution limits and would like to continue to save for a project or for your retirement. You will enjoy a higher rate of return than with your bank account and have the opportunity to put money into investment funds. MoneyValue can explain all of the investment opportunities at your disposal.
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