ShareOwner - Account Types

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Overview | Commissions & Fees | Stocks & ETFs | Account Types |

To open any account you must have reached the age of majority, reside in Canada and have a valid Social Insurance Number (SIN).

Non-Registered Accounts (in Canadian or U.S. dollars)

Individual Account - Non-Registered

These accounts are opened with only one account owner.

Joint Account - With Rights of Survivorship (Not Applicable to Quebec Residents)

Joint accounts can be opened with two or more account owners. Each owner will have the authority to provide instructions for the Joint Account.

In the event of the death of an owner, the entire beneficial interest in the Account shall be transferred to the surviving joint owner(s). Please review the Joint Account Agreement for the rights and obligations of the survivors.

Joint Account - Tenants in Common (For Quebec Residents Only)

Joint accounts can be opened with two or more account owners. Each owner will have the authority to provide instructions for the Joint Account.

In the event of the death of an owner (tenant in common), the decedent’s beneficial interest in the account shall be transferred to their estate. Please review the Joint Account Agreement for the rights and obligations of the survivors.

Informal Trust Account

An individual account or a joint account may be designated an Informal Trust Account. Each account owner is considered the beneficial owner of the account and not as the trustee of the Informal Trust.

Investment Club Account

An Investment Club is a group of investors who pool their money to invest collectively.
The following is required to establish an Investment Club Account:

Complete an Investment Club New Account Application Form.
Provide a signed Trading Authorization for Investment Clubs and Investment Club Account agreement, which
designates the trading agent(s) for the Account and must be signed by each club member
Provide an Investment Club Member Information Form for each member.

You may also visit the Forms page to access all the available forms.

Registered Accounts

Individual Account - RSP

This type of account allows assets to grow tax-deferred - you do not pay taxes on the earnings until you withdraw money from the account.

Spousal Account - RSP

A person may contribute all or part of his (or her) maximum annual contribution to a retirement account registered in the name of his
(or her) spouse or common-law partner.

Tax Free Savings Account - TFSA

This type of account allows assets to grow tax-free - you do not pay taxes on the earnings even when you withdraw the funds.

Individual Account - RIF

This type of account is used to generate income from the savings accumulated in an Individual RSP account. Assets continue to grow on a tax-deferred basis, no contributions can be made to this type of account.

Spousal Account - RIF

This type of account is used to generate income from the savings accumulated in a Spousal RSP account. Assets continue to grow on a tax-deferred basis, no contributions can be made to this type of account.

Canadian ShareOwner Investments Inc. is a wholly owned subsidiary of Wealthsimple Financial Corp. (Canada). ShareOwner ® is a Registered trade-mark of CSA Computing Inc. used under licence. All rights reserved.

Investing products and services are provided by Canadian ShareOwner Investments Inc. a member of the Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund. Canadian ShareOwner Investments provides Order-Execution Only Accounts and does not provide investment advice or recommendations and investors are responsible for their own investment decisions. By accessing this web site you agree to the Terms of Use in the Legal section

Canadian ShareOwner Investments Inc. is part of Wealthsimple Group: Wealthsimple Trade - free online stock trading provided by Canadian ShareOwner Investments Inc., Wealthsimple Inc - investing on autopilot and Wealthsimple Save - high interest savings account provided by Wealthsimple Inc.