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Non-Registered Saving Accounts in Canada

Flexible Investing Beyond Registered Account Limits

Non-Registered Saving Accounts are ideal for Canadians who want flexibility, unlimited contributions, and easy access to their funds. These accounts complement RRSPs, TFSAs, FHSAs, and RESPs, providing additional growth potential and portfolio diversification. At Whealth, we help Canadians use Non-Registered Saving Accounts strategically to maximize wealth.

What Is a Non-Registered Saving Account?

A standard investment account with no contribution limits or withdrawal restrictions, offering total freedom.

Unlimited Access

Access funds anytime without penalty or government restrictions.

Flexible Contributions

No contribution caps, allowing you to invest surplus income freely.

Wealth Building

Build wealth beyond registered limits for short, medium, and long-term goals.

Strategic Balance

Works alongside RRSP and TFSA for a complete, tax-efficient wealth plan.

Flexible Wealth Growth

No Limits, No Caps

Unlike registered accounts, there are no contribution caps, making these accounts perfect for surplus income, large investments, or corporate savings. We customize portfolios based on your risk tolerance and tax planning strategy.

  • No contribution limits
  • Ideal for surplus cash
  • Portfolio diversification
  • Tax-efficient structuring

    • Investment Options

    Your Non-Registered Saving Account can include a wide range of assets for optimal growth.

    Portfolio Assets:
    GICBondsStocksMutual FundsSeg Funds

    Goal-Based Savings

    Non-Registered Saving Accounts are ideal for short- and medium-term goals like buying property or starting a business.

    Perfect For:
    Down PaymentBusiness StartupEmergency FundMajor Events

    Generate Passive Income

    Steady Cash Flow

    Invest in dividend-paying stocks, interest-bearing bonds, or income-generating mutual funds for a steady cash flow. We help you structure investments to maximize income while managing tax implications.

  • Dividend income
  • Interest payments
  • Liquidity access
  • Income splitting potential

    • Advanced Tax Planning

    Strategically Engineered Portfolios

    We help structure non-registered portfolios to optimize capital gains, manage taxable income, and balance growth vs. income in coordination with your RRSP, TFSA, FHSA, and RESP.

  • Capital gains optimization
  • Tax-aware asset allocation
  • Cross-account coordination

    • Strategic Wealth

    While earnings are taxable, proper strategy can minimize tax impact and optimize returns.

    Whealth approach:
    Asset LocationTax EfficiencyRisk ManagementHolistic Plan

    Frequently Asked Questions

    While a basic bank savings account often offers very low interest, a non-registered savings account at Whealth allows you to invest in higher-yield instruments like GICs, bonds, or specific mutual funds, providing better growth while maintaining accessibility.
    No, unlike TFSAs or RRSPs, you can contribute as much as you want to a non-registered savings account.
    It is ideal for short-term goals (under 5 years) like an emergency fund, a down payment for a home, or saving for a major purchase where you need capital preservation and liquidity.
    Interest earned in a non-registered account is considered ordinary income and is 100% taxable at your marginal tax rate in the year it is earned.
    Yes, these accounts offer high liquidity, allowing you to withdraw your funds whenever you need them without government penalties.

    Who Should Use Non-Registered Saving Accounts?

    High-Income Earners

    Professionals earning above RRSP limits seeking elite wealth preservation.

    Flexible Investors

    Families building multi-goal portfolios that require full access to capital.

    Business Owners

    Successful entrepreneurs managing surplus cash efficiently and strategically.

    Wealth Builders

    Anyone pursuing long-term financial freedom beyond the constraints of registered plans.

    Start Investing Beyond the Limits

    Whether you’re growing surplus income, building passive cash flow, or expanding your investment portfolio, Whealth helps you use Non-Registered Accounts strategically.