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Accounts

 
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TD Direct Investing Accounts & Features

Collapse Direct Trading Account

There are two non-registered accounts to choose from.

Cash Account

  • All payments must be made in cash
  • A wide range of investment choices to diversify your portfolio

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Margin Account

  • Borrow money on the securities you currently own
  • Allows you to act quickly and decisively when opportunities arise
  • Borrow on margin at a competitive interest rate
  • You can also apply for Option Trading and Short Selling

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Expand Registered Accounts

These accounts give you both cost-efficient and tax-efficient ways to save for specific goals on a tax-deferred basis.

Self-Directed RSP & RIF 3

  • Benefit from the opportunity to create a tax deferral
  • Consolidated monthly statement
  • Hold a variety of investment types within one account – easier to diversify your holdings
  • We also offer the ability to open a U.S. dollar component of a Self-Directed RSP
    • Convenient and flexible U.S$ trading
    • Receive interest and dividends in the same currency as investments – RSP only
    • Avoid currency conversion requirements when buying and selling U.S. securities – RSP only

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Basic RSP & RIF

  • Low-cost plan designed for those who want to hold popular registered plan investments and/or are new to trading
  • Annual administration fee of only $25 + GST or HST
  • Maintain a minimum balance of $25,000 and don’t pay an administration fee

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Tax-Free Savings Account (TFSA)

  • Pay no tax on the investment income and growth earned
  • Withdraw your money any time1 and pay no tax on withdrawals
  • Contribute up to $5,5002 a year
  • We also offer the ability to open a U.S. dollar component of a TFSA plan.
    • Convenient and flexible U.S. dollar trading
    • Receive interest and dividends in the same currency as investments
    • Avoid currency conversion requirements when buying and selling U.S. securities

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Registered Educations Savings Plan (RESP)4

  • Income earned on contributions can be deferred
  • Accrue investment income while saving for your child's post-secondary education
  • Maintain a balance of $25,000 or more and the $50 annual administration fee is waived

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Registered Disability Savings Plan (RDSP)

  • Long-term savings with no annual contribution limit
  • Flexible withdrawal options
  • Creates savings through deposits and tax-deferred growth
  • Is eligible to receive government assistance — up to $70,000 in grants and if eligible, up to $20,000 in bonds-paid to your account

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Compare Our Registered Accounts

RRSP TFSA RESP RDSP
US$ component offered Yes Yes No No
Contributions are tax deductible Yes No No No
Tax-deferred earnings Yes N/A Yes Yes
Unused contribution room is carried
forward		 Yes – until
71 yrs2		 Yes Yes Yes
Withdrawals are tax-free No Yes Partial Partial
Maximum age limit 712 No No 591
Withdrawals affect federal income-
tested benefits (i.e., OAS, GIS and EI)		 Yes No N/A No
Spousal account/plan available Yes No N/A N/A

Expand President’s Account

TD Direct Investing offers this premium brokerage account with exceptional service and benefits. Eligibility depends on trading activity or assets.

President’s Account

  • Eligibility for membership is based on your trading activity or your assets
  • Access to a dedicated and knowledgeable team of President's Account Investment Representatives 24/7
  • Trading activity may qualify you for commission discounts

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Expand Account and Service Agreement and Disclosure Documents

The agreements in this booklet apply to all TD Direct Investing accounts, except where otherwise noted.

Account and Service Agreement and Disclosure Documents

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1 Timing and conditions may vary for certain investment vehicles.
2 The annual TFSA contribution limit from 2009 to 2012 was $5,000, $5,500 from 2013 to 2014 and $10,000 for 2015. The TFSA contribution limit for 2016 is $5,500. Annual TFSA contribution limit is subject to change by the federal government. Excess contributions to a TFSA will be subject to a penalty tax of 1% per month based on the highest excess TFSA amount in that month. The penalty will be calculated on a monthly basis until the excess amount is withdrawn.
3 Refers to the TD Waterhouse Self-Directed Retirement Savings Plan and Retirement Income Fund.
4 Refers to the TD Securities Inc. Self-Directed Educational Savings Plan.