We Offer: TFSA, RRSP, RESP, RRIF Accounts.
Open an account that’s best suited to your specific investing needs, or open multiple accounts to broaden your investment strategy. Whatever you choose, rest assured we provide lowest commissions and fees so your account can get the most investment possibilities.
Don’t forget we offer dual-currency (USD/CAD) for all accounts!
Keep both U.S. and Canadian dollars in any registered account and trade in either market without forced currency conversions. And the best part is, your U.S. and Canadian currency can easily be managed through one account.
Register For Any Account Type Listed Below
Efficiency and flexibility is the name of the game at Virtual Brokers. Our All-in-One Account allows you to trade stocks, options and exchange-traded debentures on margin, and also take short positions, all in one account!
Margin facility provides you with the option of purchasing eligible securities without necessarily having the funds for the full cost of the investment. This buying power is based on the cumulative loan value of the investments in the account, which in turn is based on each investment's value and quality. It is important to remember that there is a risk associated with purchasing or shorting securities on margin, as fluctuation in market value of securities could lead to losses in excess of the capital invested.
Short privilege allows you to ‘sell’ securities that you do not own. The premise behind this strategy is that you anticipate a decrease in the price of a stock and want to profit by selling the stock short and then buying it back at a later date, at a lower price. This feature is not intended for novice investors as adverse price movements could lead to theoretically unlimited loss.
An account that allows for bilateral inter-brokerage transactions where cash and securities are transferred simultaneously from one account to another. This type of account is reserved for select applications and is not appropriate for general trading use.
The Tax-Free Savings Account (TFSA) is a registered savings account that enables you to earn investment income tax-free, subject to certain conditions and limitations. For full details and eligible investments please visit Canada Revenue Agency website (http://www.cra-arc.gc.ca). US TFSA is a new type of TFSA that comes with all the tax advantages of a regular TFSA, but is denominated in US currency. This feature allows trading in US denominated instruments without worrying about forced foreign currency conversions (FX Hits) that typically erode trading profits..
A Registered Retirement Savings Plan (RRSP) is a registered account that is intended for tax–advantaged savings for retirement. For full details and eligible investments please visit Canada Revenue Agency website (http://www.cra-arc.gc.ca). US RRSP is a new type of RRSP that comes with all the tax advantages of a regular RRSP, but is denominated in US currency (more details in ourRRSP FAQ). This feature allows trading in US denominated instruments without worrying about forced foreign currency conversions (FX Hits) that typically erode trading profits. Start your RRSP account with Virtual Brokers Today!
Registered Education Savings Plan (RESP) is a registered tax-advantaged savings account for child’s post-secondary education. Find full details and eligible investments at the Canada Revenue Agency website (http://www.cra-arc.gc.ca).
A RRIF account allows you to roll over investments from an RRSP, as an RRSP cannot be kept after the age of 71. No contributions can be made to RRIF and a minimum annual withdrawal, based on age, is required each year. The payments made to you from your RRIF are taxable, but the investment in a RRIF continues to grow tax-deferred until they are withdrawn. For more information please click Registered Retirement Income Fund (RRIF) .
A LIRA account is designed to hold accumulated pension benefits from a former employer, as government regulations do not permit you to convert your pension into cash. The investments are “locked in”, meaning that unlike regular RRSP, they cannot be cashed out until a specified retirement age. Another important distinction between regular RRSPs and LIRAs/LRSPs is that once funds have been transferred from a company pension plan to a LIRA, further contributions cannot be made.
A LIF account is a form of RRIF to which you may transfer your locked-in retirement funds from a locked-in RRSP (LIRA) or a registered pension plan, if permitted by the pension legislation governing the locked-in funds. A LIF provides the pension plan member with the flexibility to defer the purchase of a life annuity until the end of the year in which he or she turns 80.
*For information regarding any other account type, please contact us directly and we can assist you.
Save more with your TFSA, RRIF or LIF!
Deregistration of TFSA withdrawals and RRIF/LIF min annual withdrawals are FREE.