Understanding Account Types
Learn about the available account types for Individual, Joint, and Entity accounts.
Applies To:
- All Portfolio Managers, Advisors, Wealth Planners, and support staff.
You can refer to the details below to understand the available account types and specific considerations for each category.
Individual Accounts
The following Individual Account types are available in CAD and/or USD:
-
Cash (CAD/USD)
-
RRSP (CAD/USD)
-
Spousal RSP (CAD/USD)
-
TFSA (CAD/USD)
-
FHSA (CAD)
-
RIF (CAD/USD)
-
Spousal RIF (CAD)
-
LIRA (CAD/USD)
-
LRSP (CAD/USD)
-
RLSP (CAD/USD)
-
LIF (CAD)
-
LRIF (CAD)
-
RLIF (CAD)
-
PRIF (CAD)
-
RESP (CAD)
-
RDSP (CAD)
-
In Trust For Minors (CAD/USD)
Note: Cash and TFSA accounts cannot be opened for Non-Canadian resident clients.
Joint Accounts
The following Joint Account types are available in CAD and/or USD:
-
Cash (CAD/USD)
-
RESP (CAD)
-
RDSP (CAD)
-
In Trust For Minors (CAD/USD)
Entity Accounts
The following Entity Account type is available:
-
Cash (CAD/USD)
Account Type Indicators
The following types of accounts can be opened at our Custodian and will be approved by our Compliance Department
|
Account Type |
Custodian Account Indicator |
|
CDN Cash |
A |
|
USD Cash |
B |
|
TFSA |
W |
|
RDSP |
0 |
|
RESP |
Z |
|
Self-Directed RSP |
S |
|
Self-Directed RSP (LRSP/LIRA) – Locked-In |
N |
|
Self-Directed RSP – Spousal |
R |
|
Retirement Income Fund |
T |
|
Retirement Income Fund (LRIF/LIF) – Locked-In |
P |
|
USD RIF |
4 |
|
USD TFSA |
6 |
|
USD Self-Directed RSP |
7 |
|
USD Self-Directed RSP – Spousal |
8 |
|
USD Self-Directed RSP (LRSP/LIRA) – Locked-In |
9 |
|
Retirement Income Fund – Spousal |
Y |