Registered account

Tax-free savings accounts (TFSA) and other registered trading accounts held with a brokerage are alternatives to the registered savings accounts offered by banks. These allow you to avoid the annual fees that banks charge and to actively manage your portfolio. With a registered account, you can buy, sell, and hold individual stocks, options, mutual funds, ETFs, or gold.

What documentation is needed to open a registered account?

To complete an application, you will need the following information:

  • Full legal name, phone number, address, and email
  • Social Insurance Number or Social Security Number
  • Bank account information
  • Employer's address and phone number
  • Driver's license, passport, permanent resident card, or citizenship card

Are there any restrictions on registered accounts?

Yes. All registered accounts have the following restriction:

  • No short selling
  • You can’t use margin

Is margin available in a registered account?

No. All registered accounts are cash accounts, and margin is not available