Types of Accounts

There are two broad categories that describe individual investment accounts, they are: registered and non-registered. Non-registered investments consist of regular accounts and margin accounts. Registered accounts comprise registered retirement savings plans (RRSP), registered retirement income funds (RRIF), locked in registered accounts and registered education savings plans (RESP).

In addition to individual accounts, other common types of accounts include: companies, partnerships, foundations, investment clubs, trusts, estates and others – these accounts are often referred to as legal entity accounts.