Non-Registered Account
Flexible Investing Without Limits
Non-Registered Accounts offer unmatched flexibility for Canadians who’ve maxed out registered plans like TFSAs and RRSPs. For high-income professionals, athletes, and business owners, these accounts provide a way to invest without contribution caps, complementing your broader wealth strategy.
What Is a Non-Registered Account?
A Non-Registered Account is an investment account not governed by the Canadian Income Tax Act’s registered plan rules. It allows you to invest in a wide range of assets without contribution or withdrawal restrictions, though earnings are taxable annually.
Key Features:
No Contribution Limits: Invest as much as you want, anytime.
Flexible Withdrawals: Access funds without penalties or restrictions.
Diverse Investments: Hold stocks, bonds, ETFs, real estate, or alternative assets.
Who Should Consider a Non-registered account?
High-Income Earners: Those who’ve exhausted TFSA and RRSP contribution room.
Athletes: Invest high earnings during peak years for flexible access.
Business Owners: Diversify personal or corporate wealth outside registered plans.
Cross-Border Professionals: Manage investments with global tax considerations.
Key Benefits
Unlimited Investing: No caps on contributions or investment types.
Liquidity: Access funds anytime for any purpose—business ventures, real estate, or emergencies.
Tax Planning Opportunities: Capital gains and dividends receive preferential tax treatment compared to interest income.
Portfolio Diversification: Invest in assets unavailable in registered plans, like private equity or real estate.
Estate Planning: Assets can be transferred efficiently, though subject to probate.
How It Works
Open an Account: Set up through a financial institution or advisor.
Invest: Choose assets that align with your goals—growth, income, or stability.
Manage Taxes: Report interest, dividends, and capital gains annually on your tax return.
Withdraw: Access funds anytime without restrictions or tax penalties on principal.
Optimize: Work with advisors to minimize taxes through strategic asset allocation.
Frequently Asked Questions (FAQs)
Q: Are there contribution limits for Non-Registered Accounts?
A: No, you can invest unlimited amounts.
Q: How are earnings taxed?
A: Interest is fully taxable, dividends receive a tax credit, and only 50% of capital gains are taxable.
Q: Can I use Non-Registered Accounts for cross-border planning?
A: Yes, but consult a tax advisor for foreign reporting requirements (e.g., U.S. FATCA or CRS).
Q: Are withdrawals taxable?
A: Only earnings are taxable; your principal is tax-free.
Q: Can I hold Non-Registered Accounts as a non-resident?
A: Yes, but withdrawals may face withholding taxes, depending on tax treaties.
Why Choose New World Agency?
We help high-performance individuals integrate Non-Registered Accounts into a tax-efficient wealth strategy. Our team works with your advisors to optimize investments, minimize taxes, and align with your lifestyle and goals—whether you’re earning, retiring, or relocating.
Grow Your Wealth Without Limits
Non-Registered Accounts offer the freedom to invest on your terms. Let us help you build a plan that works.