What's the Difference Between Registered and Non-Registered Savings Plans?

By Melanie

Put simply, non-registered accounts are not registered with the Canadian government, while registered savings plans are. Both types of savings accounts are offered by Canadian banks, mutual fund companies, and financial advisors. Both offer valid reasons to be part of your overall financial savings strategy.

There are different tax implications for each type of account:

When are non-registered investments accounts a good idea?

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