Choose the type of savings account Gather necessary documentation Open the account online or in person Make your initial deposit Set up online and mobile banking 1. Choose the right bank or credit union The first step is to research and choose a bank, fintech or credit union that aligns with...
How to add or transfer money to Scotia iTRADE Transferring money to Scotia iTRADE® is simple. Explore three options to learn how to add money from a Scotiabank account or another financial institution. Learn more about transfers How to make a RRSP contribution ...
NOTE: You can choose to open an RRSP mutual fund account, TFSA mutual fund account, RESP mutual fund account or unregistered mutual fund account. In both cases, once the account has been converted to be e-Series compatible, the account number showing in EasyWeb well begin with2378and you w...
A checking account, for instance, offers you instant access to your money for making purchases, but rarely generates any additional money (also known as interest) at all. On the other end of the spectrum, a RRSP is extremely inaccessible (in fact, you have to pay withholding taxes for earl...
Because of all these transactions, chequing accounts are referred to as “transactional” accounts. There are different types of chequing accounts, most of which charge monthly fees. How to open a chequing account You can open a chequing account in person at the bank or, in some cases, banks...
How do I make an RRSP contribution? You can make RRSP contributions by opening an RRSP at a financial institution’s branch location. You can also use online banking to open a new RRSP and transfer funds from your chequing or savings account, or make contributions to an existing account. ...
Regular RRSP- With a regular RRSP account, you simply open an RRSP with your bank. The investments you can hold in this RRSP account will be restricted to the investment types offered by your bank. Typically, these would include GICs, savings accounts and your bank’s mutual funds. This is...
The new First Home Savings Account is a registered plan that could be seen as a hybrid version of a Registered Retirement Savings Plan (RRSP) and a Tax-Free Savings Account (TFSA) for the purpose of buying a first home. For example, like a TFSA, the FHSA allows your savings to grow ...
While we recommend the right portfolio for you, you get to select theaccountto hold it in. Choose from a: Tax-Free Savings Account (TFSA) First Home Savings Account (FHSA) Registered Retirement Savings Plan (RRSP) Non-registered account ...
At retirement, the money in an LIRA can be transferred to another retirement fund or used to purchase a life annuity. Federal pension laws govern a similar type of account known as a locked-in Registered Retirement Savings Plan (RRSP). ...