Investment Accounts, better known as Non-Registered accounts are opened to hold investments outside of your RRSP and are taxed at favorable rates. For all open investment accounts, you can open a cash account and/or a leverage account. Cash accounts or leverage accounts can be opened individually, jointly or in the name of a corporation.
A cash account is an investment account in which all transactions are settled in cash. A variety of investments are available through this type of account which include Mutual Funds, GICs and Annuities.
A leverage account is an account that allows certain investments to be used as collateral for a loan. The following leverage accounts are available:
•1 for 1 leverage account
•2 for 1 leverage account
•3 for 1 leverage account
•100% leverage account
For more information on Investment Lending Strategies, click here.
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Click here for information on how to open an account or transfer your existing account to NBF Services & Sterling Mutuals Inc.
Disclaimer: All Investment Loans are subject to meeting the lenders criteria. Using borrowed money to finance the purchase of securities can magnify returns over time and can magnify losses and involves greater risk than a purchase using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines.
Mutual funds provided by Sterling Mutuals Inc. Please see "Terms and Conditions" tab for more information.