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Non-Registered Accounts in Canada

Flexible, Taxable Investment Options for Every Goal

When you’ve maximized your registered accounts (RRSP, TFSA, FHSA, RESP, RDSP), Non-Registered Accounts give you the freedom to continue growing your wealth. These accounts are essential for Canadians who want flexible investing, diversification options, and liquidity without contribution limits.

Information is available to help Canadians understand various non-registered options for potential returns, tax considerations, and short- and long-term financial planning.

What Are Non-Registered Accounts?

A Non-Registered Account is a standard investment or savings account with no contribution limits or withdrawal restrictions. While earnings are taxable, these accounts provide unmatched flexibility and are a crucial part of a complete wealth management strategy.

Unlimited Contributions

Invest without contribution caps or limits.

Flexible Withdrawals

Access your funds anytime without penalties.

Allocation Options

Invest beyond registered account limits.

Support All Goals

Short-, medium-, and long-term financial planning.

Types of Non-Registered Accounts

Non-Registered Saving Accounts

Designed for flexible, liquid savings.

  • Short-term and emergency funds
  • Safe investments with low risk
  • Steady growth for near-term goals
    • Investment options:
    GICBondsCash Equivalents
    View Saving Options

    Non-Registered Investment Accounts

    For long-term wealth accumulation and income generation.

  • Diversified portfolios beyond limits
  • Passive income via dividends & interest
  • Asset allocation options
    • Investment options:
    StocksMutual FundsSegregated FundsBondsGICs

    Why Use Non-Registered Accounts?

    Flexible Growth Beyond Limits

    Invest without the restrictions of contribution caps, allowing high-income earners and experienced investors to expand their portfolios.

    Generate Passive Income

    Invest in dividend-paying stocks, bonds, or income-generating funds to create steady cash flow alongside long-term growth.

    Support Your Goals

    Ideal for buying a second property, starting a business, funding large purchases/travel, or building an emergency fund.

    Tax Planning Information

    Information on capital gains taxes, dividend income, and coordinating with RRSP/TFSA for tax efficiency.

    Who Should Use Non-Registered Accounts?

    Maxed Registered Accounts

    Canadians who've utilized their RRSP and TFSA contribution room.

    High-Income Earners

    Seeking additional growth opportunities beyond registered limits.

    Multi-Goal Builders

    Families building comprehensive financial strategies for multiple objectives.

    Liquidity Seekers

    Investors looking for flexibility and immediate access to their capital.

    Business Owners

    Managing surplus cash or planning for business expansion.

    How It Fits Your Overall Plan

    Non-Registered Accounts complement all Canadian registered plans like RRSP (retirement), TFSA (tax-free growth), FHSA (first home), RESP (education), and RDSP (disability). Together, they form a complete wealth ecosystem, balancing tax efficiency, growth, and liquidity.

    Frequently Asked Questions

    A non-registered account is a standard investment or savings account that does not have the tax-deferred or tax-free status of registered accounts like RRSPs or TFSAs. However, they also have no contribution limits or withdrawal restrictions.
    Taxes apply to the investment income earned. Specifically, interest income is 100% taxable, dividends receive a dividend tax credit, and only 50% of capital gains are taxable (at your marginal rate).
    Most people use non-registered accounts after they have maximized their TFSA and RRSP contribution room. They are also preferred for people who need unlimited liquidity or have very large sums to invest.
    You can hold almost any type of investment, including stocks, bonds, mutual funds, GICs, segregated funds, and even real estate or private equity.
    No, there are no limits or government-imposed penalties for withdrawing funds from a non-registered account, providing 100% liquidity.

    Information on Investing Beyond the Limits

    Non-Registered Accounts give Canadians the freedom to grow, access, and manage wealth. Information is available regarding various options, tax considerations, and professional guidance to help you reach your financial goals.