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1 Refers to the TD Waterhouse Tax-Free Savings Account
2 Dividends from U.S. corporations will generally be subject to U.S. withholding tax
3 Subject to any restrictions in the investments chosen
4 Refers to the TD Waterhouse Self-Directed Retirement Savings Plan
5 Using borrowed money to finance the purchase of securities involves greater risk than a purchase using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines. An investment strategy that uses borrowed money could result in far greater losses than an investment strategy that does not use borrowed money.
6 Refers to the TD Waterhouse Self-Directed Retirement Income Fund
7 Refers to the TD Waterhouse Self-Directed Prescribed Retirement Income Fund
8 Refers to the TD Waterhouse Self-Directed Spousal Retirement Savings Plan
9 Refers to the TD Waterhouse Self-Directed Spousal Retirement Income Fund
10 Refers to the TD Waterhouse Disability Savings Plan
11 Refers to the TD Securities Inc. Self-Directed Education Savings
An easy to open cash account is a gateway to self-directed trading. You can even mix and match to build your portfolio across Canadian and U.S. markets. Are you ready?
Flexible account set-up
Open your account as an individual, joint with another account holder, for your business, etc. Ask us how!
Save on currency conversion costs
Avoid conversion fees by trading U.S. dollar securities using the U.S. dollar component of your account.
Effectively manage your portfolio
Get more insight into the performance of your portfolio with current market data and insightful research reports.
Plenty of choices
Take advantage of investment services, such as Dividend Reinvestment Plans (DRIPs) and Systematic Investment Plans (SIPs), to help build your portfolio.
Boost your buying power in your portfolio with a margin account.
A wide variety of investments
Invest in Canadian and U.S markets with an array of advanced strategies using stocks, options, ETFs, and more.
Leverage your portfolio
Borrow against the value of securities you already own to purchase additional investments.
Trade competitively
Take advantage of opportunities with competitive margin rates.
Access advanced level trading strategies and platforms
Employ more advanced investing strategies, including multi-leg option trades and short selling.
With a self-directed TFSA from TD Direct Investing, you'll have the power to select your investments and take advantage of market opportunities in Canada and the U.S.
Grow your investments tax-free2
Whether capital gains, dividends, or interest, your investment growth is not taxed.
Pay no tax on withdrawals
Withdraw your money at any time3 without incurring tax.
Catch up on unused contribution room
Carry unused contribution room forward into future years.
Expand your investing horizons with a self-directed RSP from TD Direct Investing, all while taking advantage of tax-deferred benefits.
Defer your taxes, not your retirement goals
Whether you want to make a lump-sum deposit or regular cash contributions, you can start to build and manage a retirement portfolio.
Simpler can be better
Transferring all your RSPs to TD Direct Investing can give you better control and a clearer picture of your entire retirement portfolio.
Trade across markets in Canada and the U.S.
Build balance through access to major markets across North America.
A self-directed RIF in Canada can be a convenient and flexible way to continue building your portfolio in the Canadian and U.S. markets even after you turn 71.
Gains can continue to grow tax-deferred in your RIF
When you convert your individual RSP to a RIF in Canada, you can still buy, sell, and hold securities according to your strategy.
Manage your redemptions to match your needs
Any withdrawals are taxable income in the year you make the redemption.
Set up a Withdrawal Plan
If you hold mutual funds, set up a Systematic Withdrawal Plan (SWP) for a regular monthly income stream and meet minimum RIF withdrawal requirements.
Other Retirement Income Options
TD Direct Investing also offers a Prescribed Retirement Income Fund (PRIF).7
Opening the account
Application for this account must be completed by the plan holder (annuitant) and NOT the contributing spouse.
Making contributions
A spouse who makes contributions to this plan is eligible to deduct the contribution amount from their income, within the limits of their contribution room.
Withdrawing from the account
Amounts withdrawn from the Spousal RRSP (whether at or before retirement) will be taxable income to the account holder at the time of withdrawal. However, if an amount is withdrawn within 3 years of a contribution made by the spousal contributor, it will be taxable to that spouse (attribution rule).
Opening the account
Application for this account must be completed by the plan holder (annuitant) and NOT the spouse.
Withdrawing from the account
Annual Minimum withdrawals required under the Income Tax Act will be paid to you the account holder and will be taxable income to you in the year of withdrawal.
Transferring a spousal RRSP (SRSP)
If a spousal RRSP (SRSP) is to be transferred to a RRIF, it must be a spousal RRIF (SRIF). Attribution rules do not apply if only the minimum RRIF withdrawal is taken. Withdrawals that exceed the minimum may be subject to the attribution rule if contributions were made by your spouse to the spousal RRSP (SRSP) in the previous three years.
With access to a range of investments and Canadian provincial government grants, a self-directed RESP can help lay the foundation for the education your children dream of.
Maximize your plan
Receive up to $500 a year in federal grants, from the Canadian government, per child.
Investments grow tax-deferred
Taxes on income earned are deferred until the money is withdrawn.
Use government grants to help your education savings
We take care of the administration, including registering, to transfers into us, and we'll ensure eligible grants are processed and applied to your account. Grants available are basic CESG, basic and additional QESI, and BC Grants.
Take control of investing for future financial needs, including medical and living costs. Your beneficiary can take advantage of potential investment growth with tax deferral opportunities.
No annual contribution limit
Contributions, up to a lifetime limit of $200,000, are made with after-tax dollars and are not tax-deductible.
Defer taxes while growing your investments
Any investment income is tax-deferred.
You may be eligible for government assistance
Qualified families may receive up to $70,000 in Canada Disability Savings Grants and up to $20,000 in Canada Disability Savings Bonds paid to your plan.
Invest and save for a qualifying first-home tax free.
Flexible investments to choose from
In an FHSA, you can hold a variety of investments similar to those allowed in other registered accounts. These include:
- Stocks
- Mutual funds
- Exchange-Traded Funds (ETFs)
- Guaranteed Investment Certificates (GICs)
- Certain bonds
Transfer funds to an RRSP or RIF
If you decide not to buy or build a home, you can transfer your funds to an RRSP or RIF to avoid paying withholding tax. This option allows you to grow your savings tax-free while deferring tax payments.