TD Waterhouse Discount Brokerage divides its accounts into two broad types, each with plenty of support and flexibility. One account is for Direct Trading, the other is for investing within Registered Investment Plans.
Depending on your goals, you may decide to hold investments in both types of accounts.
Direct Trading Account
Cash Account: open a cash account if you intend to pay cash in full for each purchase.
Margin Account: open a margin account if you wish to borrow money on securities you currently own or intend to purchase.
Registered Accounts
Self-Directed RSP and RIF: open a Self-Directed RSP/RIF if you are looking to shelter from taxes your choice of eligible investments, including mortgages.
Basic RSP and RIF: open a basic RSP/RIF if you want a low-cost, Self-Directed plan that allows you as an investor to hold some of the most popular registered plan investments.
Tax-Free Savings Account (TFSA): open a TFSA at any stage of your life and enjoy the benefits of tax-free income with the flexibility to withdraw your money at any time for any purpose.
Registered Education Savings Plan: open a RESP if you want to accumulate tax-free investment income while saving for your child's education.
Enjoy greater financial control and personalized service with TD Waterhouse'spremium discount brokerage account for active and well-informed investors.
