| Account Type |
Description |
| Regular Accounts |
|
Cash
DC |
It's the simplest
way to start investing. With a cash account, you can trade
stocks, mutual funds and fixed income securities. Keep in mind
that every trade must be settled (paid for) by the settlement
date.
Read more | Apply online now
Settlement dates by security:
| Security |
Settlement |
| Money market securities |
Same day |
Government of Canada Bonds,
less than 3 years to maturity |
2 business days |
Government of Canada Bonds,
more than 3 years to maturity |
3 business days |
Zero-coupon bonds,
more than 18 months to maturity |
3 business days |
| All other securities |
3 business days |
|
Margin
DC | DDweb | DDP |
Need more flexibility? Margin accounts provide investors with the option to purchase shares without necessarily having the funds for the full cost of the investment. This buying power is based on the cumulative loan value of the investments in the account, which in turn is based on each investment's value and quality. The amount is calculated from the market value of the securities either already in the account or to be acquired. Thus, the buying power may fluctuate depending on the type of security, as well as the market value of the security.
Read more | Apply online now |
Margin
Option
DC | DDweb | DDP |
With this type of account,
you can perform any of the transactions possible in a conventional
margin account, PLUS a variety of option strategies, such as:
- Buying call and put options
- Selling covered call options
- Selling uncovered calls and puts
- Long or short straddles (covered or uncovered)
- Spreads
Read more | Apply online now |
Short-Selling
DC | DDweb | DDP |
Want to make short sales?
The premise behind this strategy is that you anticipate a decrease
in the price of a stock and want to profit by selling the stock
short and then buying it back at a later date, at a lower price.
This type of account is not intended for novice investors.
This speculative-type account requires up to 150% of the market
value of the stock sold short in the account as margin. Also,
there is no interest paid on the credit balances in the account.
If dividends are declared on the stock while it is sold short
in the account, the short seller is responsible for paying the
dividend.
Additional guarantees may be required before opening such
an account.
Read more | Apply online now |
| Registered Accounts |
|
RRSP
(Registered retirement savings plan)
DC | DDweb | DDP |
Invest in Canadian and international securities
tax free until withdrawal or age 71. A RRSP allows you
to make various investments in the market and build up enough
capital for your retirement years.
Read more | Apply online now
Main characteristics:
- Contributions are tax deductible.
- Revenue generated is sheltered from taxes until
it is withdrawn.
- Annual administration fees may apply.
- Competitive monthly interest
rate paid on cash balances.
- Contributions can be made in
cash or in the form of securities.
- Denominated in Canadian
dollars only. Foreign exchange rates will apply for U.S.
dollar trades.
- Possibility for spouse to make contributions
(with a spousal RRSP).
- Eligible for the automatic monthly
contribution program (minimum monthly contribution of $200).
- Option of converting your account to a RIF or LIF.
- Canada Revenue Agency determines the list of eligible
investments for this type of account.
Possible Variations
Secured RRSP: By designating a beneficiary,
you can protect the contents of your RRSP from being seized.
This is especially convenient for self-employed workers and
business owners. |
LIRA
(Locked-in retirement account)
DC | DDweb | DDP |
Changing employers throughout your career?
LIRA accounts offer the possibility of transferring pension funds
or funds from a retirement plan with a former employer to this
type of account. However, no additional contributions can be
made to the account and the funds cannot be withdrawn until retirement.
Apply online now |
RIF
(Retirement income fund) account
DC | DDweb | DDP |
A Registered Retirement Income Fund (RIF)
is one of the most flexible investment options for your retirement.
A RIF is a vehicle for tax deferral that works in similar fashion
to a RRSP – except, instead of making annual contributions,
you now receive income in your retirement years. In accordance
with the current tax laws, you must convert your RRSP to a
RIF by December 31 of the calendar year in which you turn 71
years old, at the latest. Disnat calculates the amount of your
minimal withdrawal according to the fiscal policies in effect.
Read more | Apply online now
Main characteristics:
- Ability to transfer from your existing RRSP account
(shares, mutual funds, fixed income securities).
- Gains and revenues generated are sheltered from taxes.
- Competitive interest paid on outstanding cash balance.
- Automatic periodic instalments can be paid to the
financial institution of your choice, according to
your needs.
- Possibility of bequeathing the balance
of your RIF to your heirs as part of their inheritance.
|
LIF
(Life income fund) account
DC | DDweb | DDP |
When you retire, you can convert your
LIRA or
your pension fund to a LIF account, according to the policies
established by law. A LIF allows you to receive different instalment
amounts.
Read more | Apply online now
Main characteristics:
Identical to a RIF with the following exceptions:
- There is a limit on the amount withdrawn per year
(as prescribed by law).
- A LIRA or pension fund must
be converted to a LIF before the year you turn 80 (except
in Quebec). Other conditions apply.
|
TFSA 
(Tax-Free Savings Account)
DC | DDweb | DDP |
The TFSA is a new registered savings
vehicle that enables you to earn investment income tax-free.
Don't wait! Get ahead and open your new self-directed Disnat
TFSA account now!
Read more | Apply online now
Main characteristics:
- Eligibility: All persons who are 18 years and over
- Maximum annual contribution of $5,000
- Unused contribution room can be carried forward indefinitely
- Withdrawals of capital and income generated in a TFSA are not taxable
- Contributions to the account, capital losses and interest paid on money borrowed to contribute to the account are not deductible from your taxable income
- Eligible types of investments are similar to those eligible for a RRSP (some restrictions apply).
|
RESP
(Registered eduction savings plan) account
DC |
Want to set aside funds for your children's
education? Gains and revenues generated in a RESP account grow
tax-free. Furthermore, the government grants 20% of the first
$2,500 of your annual contributions to an RESP.
Read more | Apply online now
Main characteristics:
- The growth of this plan is accelerated by the
Canada Education Savings Grant (CESG) and a tax exemption on investment
gains and revenues.
- It is not necessary to be related
to the beneficiary.
- The account must be opened before the
beneficiary's
16th birthday in order to be eligible for a grant.
- Contributions
are not tax deductible.
- The beneficiary can withdraw both
the investment revenues and the grant starting the first
year of post-secondary studies at an authorized educational
establishment.
- These sums will be added to the beneficiary's
taxable income (the beneficiary's tax rate will likely
be less than the subscriber's) when they are transferred
to him/her in the form of educational assistance payments.
|
