AGF Account Type

AGF offers various account types to help investors save for their future, each with distinct advantages and some restrictions. The two main account categories are:

• Non-Registered Accounts:
• These accounts do not provide tax-deferral or tax-reduction benefits.
• There are few or no restrictions on deposit amounts or access to savings.
• Investors can withdraw funds freely without tax implications.
• Registered Accounts:
• Includes Registered Retirement Savings Plans (RRSPs), Registered Retirement Income Funds (RRIFs), and Registered Education Savings Plans (RESPs).
• Typically, these accounts have annual contribution limits and restrictions on withdrawals.
• They offer attractive tax deferral and savings incentives, allowing investors to defer taxes on contributions and investment growth until withdrawal.
• Tax-Free Savings Accounts (TFSAs) fall under this category, allowing tax-free withdrawals as they are funded with after-tax dollars.

AGF Broker Account Opening Process

Opening an account with AGF is a straightforward process that can be completed in a few steps:

• Select Your Account Type:
• Decide between a non-registered account or a registered account based on your financial goals.
• Gather Required Information:
• Prepare personal information, including your legal name, address, Social Security number (or tax ID), and banking information.
• Complete the Application:
• You can typically complete the application online in under 15 minutes. AGF may require you to provide identification and proof of address.
• Fund Your Account:
• After approval, link your bank account to transfer funds electronically. You may also have the option to send a check. Funds may take a few days to become available.
• Start Investing:
• Once your account is funded, you can begin investing in various securities offered by AGF.

For further details on account types and the opening process, visit AGF Education and AGF Help.