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.

  • 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

Expert advice:

Which non-registered investment option should I choose?

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.

Eligible products

Cash Advantage Solution (CAS)

Take advantage of an interest rate that increases in different tiers while maintaining access to your money at all times.

Guaranteed Investment Certificates (GICs)

Grow your money and protect your core investment.

Mutual funds

Enjoy higher returns with our portfolio managers, who are among the best in the world.

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 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. 

Want to discuss it?

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

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.

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?

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