Types of Investment Accounts - Questrade (2024)

Types of Investment Accounts - Questrade (1)

Save for your child, retirement and more with investing accounts tailored to your goals.

TFSATax-Free Savings AccountWith tax-free interest, gains and withdrawals, this account is suitable for both short and long-term goals.Make withdrawals at any timeContribution room carries forwardarrow_forward RRSPRegistered Retirement Savings PlanRetire on your terms while earning tax benefits along the way.Contributions can lower your annual tax billLeverage your RRSP to pay for education or a home down paymentarrow_forward
RESPRegistered Education Savings PlanSave for your child (or children’s) post-secondary education and enjoy government incentives and grants.Variety of investment opportunitiesWithdraw at beneficiary’s tax bracketarrow_forward FHSAFirst Home Savings AccountTurn your dream of home ownership into a reality by investing towards a down payment on your first home.Enjoy tax-free growthContributions are tax deductiblearrow_forward

More accounts to meet your needs

  • checkSpousal RRSP
  • checkLocked-In RRSP
  • checkLIRA
  • checkLIF
  • checkRRIF
  • checkRESP
  • checkFamily RESP
  • checkInformal Trust
  • checkJoint Informal Trust
  • checkFormal Trust
  • checkIndividual Forex & CFDs
  • checkCorporate Forex & CFDs
  • checkCorporate Margin
  • checkPartnership
  • checkSole Proprietorship
  • checkIndividual Margin
  • checkJoint Margin
  • checkIndividual Cash
  • checkCorporate Cash

Start investing today

Open an account

Find the right account for your goals

Saving for retirement

Plan for the future and enjoy tax advantages from
the government.

Self-directed investing

Place your own trades and build your own portfolio

Questwealth Portfolios

Take the effort out of investing with low-fee portfolios managed by experts

RRSP

Get tax benefits now while also saving for your future.

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SPOUSAL RRSP

Save for retirement with your partner while you both earn tax benefits.

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LOCKED-IN RETIREMENT ACCOUNT (LIRA)

Take control of your provincially-registered employer pension plan or group RRSP.

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LOCKED-IN RRSP

Take control of your federally-registered employer pension plan.

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REGISTERED RETIREMENT INCOME FUND (RRIF)

Continue growing your retirement savings even after you retire with a RRIF.

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LIFE INCOME FUND (LIF)

Continue growing your pension even after you retire with a LIF.

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Saving for education

Save for your child’s education while earning government grants with
these accounts.

REGISTERED EDUCATION SAVINGS PLAN (RESP)

Get government grants for your child’s education with an RESP.

checkcheck
FAMILY EDUCATION SAVINGS PLAN (FAMILY RESP)

Save for more than one child’s (or beneficiary’s) education in one account.

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Short term goals

These accounts can help you reach your short-term goals sooner.

INDIVIDUAL MARGIN

Leverage your assets and investments to get extra buying power.

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JOINT MARGIN

Open a margin account with someone you trust and leverage your assets.

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TAX-FREE SAVINGS ACCOUNT (TFSA)

With tax-free withdrawals, a TFSA is great for any kind of goal.

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INDIVIDUAL CASH

This non-registered account offers flexibility and limitless contributions.

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Forex & CFDs

Speculate on the price movement of global currencies, commodities, and more.

INDIVIDUAL FOREX & CFDs

Take your trading international with 24 hour, global market access.

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Entity

Invest for your business or someone else while being taxed at the corporate rate.

CORPORATE CASH

Grow your company’s cash with an account taxed at the corporate rate.

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CORPORATE MARGIN

Leverage your company’s assets in an account taxed at the corporate rate.

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PARTNERSHIP

Pool investments with your business partner to boost your market potential.

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SOLE PROPRIETORSHIP

Invest on behalf of your business with 100% control over its assets.

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Trust

Open an account on behalf of someone else.

INDIVIDUAL INFORMAL TRUST

Invest in an account for your child’s benefit, with no formal documentation.

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JOINT INFORMAL TRUST

Open an account with other investors for your child, with no formal documentation.

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FORMAL TRUST

Open a formal trust account to hold equity in trust for your beneficiary.

check

Self-directed investing

Place your own trades and
build your own portfolio

Questwealth Portfolios

Take the effort out of investing with low-
fee portfolios managed by experts

RRSP

Get tax benefits now while also saving for your future.

check

check

Spousal RRSP

Save for retirement with your partner while you both earn tax benefits.

check

check

Locked-in retirement account (LIRA)

Take control of your provincially-registered employer pension plan or group RRSP.

check

check

Locked-in RRSP

Take control of your federally-registered employer pension plan.

check

check

Registered retirement
income fund (RRIF)

Continue growing your retirement savings even after you retire with a RRIF.

check

check

Registered Education Savings Plan (RESP)

Get government grants for your child’s education with an RESP.

check

check

Family education
savings plan (Family RESP)

Save for more than one child’s (or beneficiary’s) education in one account.

check

check

Individual margin

Leverage your assets and investments to get extra buying power.

check

Joint margin

Open a margin account with someone you trust and leverage your assets.

check

Tax-Free Savings Account (TFSA)

With tax-free withdrawals, a TFSA is great for any kind of goal.

check

check

Individual cash

This non-registered account offers flexibility and limitless contributions.

check

check

Individual FOREX & CFDs

Take your trading international with 24 hour, global market access.

check

Corporate cash

Grow your company's cash with an account taxed at the corporate rate.

check

check

Corporate margin

Leverage your company's assets in an account taxed at the corporate rate.

check

Partnership

Pool investments with your business partner to boost your market potential.

check

Sole proprietorship

Invest on behalf of your business with 100% control over its assets.

check

Individual informal trust

Invest in an account for your child's benefit, with no formal documentation.

check

Joint informal trust

Open an account with other investors for your child, with no formal documentation.

check

Formal trust

Open a formal trust account to hold equity in trust for your beneficiary.

check

Self-directed investing

Place your own trades and
build your own portfolio

Questwealth Portfolios

Take the effort out of investing with low-
fee portfolios managed by experts

RRSP

Get tax benefits now while also saving for your future.

check

check

Spousal RRSP

Save for retirement with your partner while you both earn tax benefits.

check

check

Locked-in retirement account (LIRA)

Take control of your provincially-registered employer pension plan or group RRSP.

check

check

Locked-in RRSP

Take control of your federally-registered employer pension plan.

check

check

Registered retirement
income fund (RRIF)

Continue growing your retirement savings even after you retire with a RRIF.

check

check

Life income fund (LIF)

Continue growing your pension even after you retire with a LIF.

check

check

Registered Education Savings Plan (RESP)

Get government grants for your child’s education with an RESP.

check

check

Family education
savings plan (Family RESP)

Save for more than one child’s (or beneficiary’s) education in one account.

check

check

Individual margin

Leverage your assets and investments to get extra buying power.

check

Joint margin

Open a margin account with someone you trust and leverage your assets.

check

Tax-Free Savings Account (TFSA)

With tax-free withdrawals, a TFSA is great for any kind of goal.

check

check

Individual cash

This non-registered account offers flexibility and limitless contributions.

check

check

Individual FOREX & CFDs

Take your trading international with 24 hour, global market access.

check

Corporate cash

Grow your company's cash with an account taxed at the corporate rate.

check

check

Corporate margin

Leverage your company's assets in an account taxed at the corporate rate.

check

Partnership

Pool investments with your business partner to boost your market potential.

check

Sole proprietorship

Invest on behalf of your business with 100% control over its assets.

check

Individual informal trust

Invest in an account for your child's benefit, with no formal documentation.

check

Joint informal trust

Open an account with other investors for your child, with no formal documentation.

check

Formal trust

Open a formal trust account to hold equity in trust for your beneficiary.

check

Choose from two great ways to invest

Hand-pick the assets you’re most interested in with self-directed investing, or let experts handle the portfolio
management for you with Questwealth Portfolios.

Self-directed investing

I want to invest by myself

  • check

    Trade stocks for as little as 1¢/share 1, buy ETFs for free 1, and more

  • check

    Find fresh new trading ideas with easy-to-use research tools

  • check

    Mobile, web or desktop—trade your way on powerful platforms

questwealth portfolios

I want experts to invest for me

  • check

    Account management fees starting at only 0.25%

  • check

    Get matched with a portfolio suited to you in 15 minutes or less

  • check

    You can invest in companies focused on social, environmental and governance qualities

open an account

Get answers to frequently asked questions

As many as you’d like - there is no limit to the number of accounts you can open at Questrade.

It costs $250 to start trading and investing with a self-directed investing account, and $1,000 to invest with Questwealth Portfolios.

To get started, you’ll need your SIN and government-issued photo ID. Depending on the account, you may be required to provide other documents.

That depends entirely on you and your goals. Certain accounts are great for flexibility and short-term investments, like TFSAs and Cash accounts, while others have more specific purposes, like RRSPs.

See all

Types of Investment Accounts - Questrade (2024)
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