A brokerage account to manage your investment
Choosing an account is the first step to becoming a self-directed investor.
The brokerage account is different from the bank account. It allows do-it-yourself investors to invest in the markets.
Here's what you can do:
- Choose products that match your financial goals
- Implement your tax and investment strategies
An account for all your goals
| Registered accounts | Non-registered accounts | ||||||
| Advantages | TFSA | RRSP/RRIF | Spousal RRSP/RRIF |
RESP | Cash | Margin | Short selling |
| Taxable capital gains and dividends | |||||||
| Tax free | |||||||
| Unlimited deposits | |||||||
| Contributions to your spouse's account | |||||||
| Grants | |||||||
| Tax deductions | |||||||
| Taxable withdrawals | |||||||
| Tax-free withdrawals | |||||||
| Possibility of trading most products | |||||||
| Borrowing on margin | |||||||
| Available in US currency | * | ||||||
| For more information | Learn more about RRSPs |
Learn more |
Learn more | ||||
* RRSP only
Accounts for legal entities
Does your company, corporation or association have surplus cash? Why not use it to make a profit with a cleverly chosen investment? NBDB offers a selection of accounts for legal entities and guides you through the process of opening your account. To open one of those accounts, call one of our agents:
- Company account
- Sole proprietorship account
- Partnership account
- Association account
- Trust account
Tips from our experts
A margin account offers many advantages, such as a very competitive rate when borrowing against the securities held in your account or against a portion of a future purchase..
Other types of account
With NBDB, you can also have an account for specific circumstances and conditions.
- Estate account 1
- In trust account 2
- Investment club account 2
1 Open the account at a National Bank branch
2 Call one of our agent to open the account
- Individual Pension Plan (IPP) 2
- LIRA
- LRSP
- LIF
The fine print
Definitions of accounts for legal entities
Company account
A corporate body separate from its shareholders and managed by a board of directors and officers.
Sole proprietorship account
A business with a sole proprietor who personally owns all the assets, manages the business, collects all the income and assumes all the financial and administrative responsibilities.
Partnership account
A legal entity created by an agreement between two or more people (natural or legal): a limited partnership (L.P.), a general partnership (G.P.) or a limited liability partnership (L.L.P).
Association account
A group of people who agree to pursue a common goal other than profit making (e.g. a hockey association).
Trust account
An entity administered by a trustee to which assets have been transferred to achieve a specific purpose.
Definitions of the other types of account
Estate account
An estate bequeathed by a deceased person and administered by an executor.
In trust account
An alternative option for clients (usually parents) who would like to open a brokerage account for a minor.
Investment club account
A group of individuals who agree to pool their expertise and funds to jointly manage their investments.
Individual Pension Plan
Business owners, entrepreneurs and executives who have the income needed to take advantage of tax deferral provisions but who do not have access to a group registered pension plan.
Locked-in retirement account (LIRA - Provincial) and locked-in registered retirement savings plan (LRSP - Federal)
LIRAs and LRSPs are retirement savings instruments into which you can transfer the value of your locked-in rights accumulated in a retirement savings plan. These types of accounts are available in Canadian and U.S. dollars and your investments grow tax free.
Life Income Fund (LIF)
A LIF is a registered account into which you can transfer money from your supplemental pension plan or locked-in retirement account (LIRA). It has the same features and advantages as an RRIF, but with a maximum withdrawal limit.
