Scotia iTRADE Account Type

　　Scotia iTRADE offers a variety of investment and trading accounts to help you achieve your financial goals. The account types include:

• Registered Accounts:
• Tax-Free Savings Account (TFSA): Allows tax-free income and growth. Subject to annual contribution limits.
• Registered Retirement Savings Plan (RRSP): Contributions are tax-deductible, and investment growth is tax-deferred until withdrawal.
• Registered Education Savings Plan (RESP): Designed for saving for a childs post-secondary education with government grants available.
• Registered Retirement Income Fund (RRIF): Provides a set yearly income after retirement.
• First Home Savings Account (FHSA): Helps save for your first home in a tax-free manner.
• Non-Registered Accounts:
• Cash Account: No contribution limits; you can withdraw cash anytime.
• Margin Account: Allows borrowing against the value of your investments.

• 　　Non-Personal Accounts: For businesses or organizations to manage investments.

• 　　Practice Account: A risk-free environment to test trading strategies and the platform with virtual funds.

　　For more information, visit Scotia iTRADE Account Types.

　　

Scotia iTRADE Broker Account Opening Process

　　Opening a Scotia iTRADE account is straightforward and typically takes about 15 minutes. Heres a step-by-step guide:

• Eligibility:
• Must be a Canadian citizen and above the age of majority.
• Have a minimum of CAD 100 available to deposit.
• Provide a government-issued ID and Social Insurance Number (SIN).
• Documents Required:
• Government-issued ID (e.g., passport, driver‘s license).
• SIN (and spouse’s SIN for spousal accounts).
• A copy of the statement for any accounts you wish to transfer.
• Application Process:
• Complete the online application form on the Scotia iTRADE website.
• Upload required documents, ensuring they are clear and legible.
• Alternatively, you can print the application, sign it, and mail it along with your ID copy.

• 　　Funding Your Account: You can transfer funds from an existing Scotiabank account or another financial institution.

• 　　Account Activation: Once your application is processed, you will receive confirmation, and your account will be activated.

　　For more details, visit How to Open a Scotia iTRADE Account.