Orooj Financial

1.What is a Non-Registered Investment Plan?

Registered investments are registered with the federal government for tax purposes. They must be transferred instead of withdrawn to avoid penalties.
Non-registered investments are not registered with the federal government and the earned income is taxable every year.

2. Who should consider a Non-Registered Investment Plan?

Investors, who prefer flexibility in their investments, save for withdrawal purposes (vacations, short-term goals) or those who have reached the contribution limit for their Registered Retirement Savings Plan (RRSP) or TFSA and need to invest further should have Non-Registered Investments.

3. Benefits of a Non-Registered Investment Plan.

There are several benefits:

  • No contribution or withdrawal limits
  • Can be used for any investment vehicles.
  • You can borrow to invest in non-registered for tax planning purposes
 
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