Investment account types FAQs

What is the most common investment account type?

Investment account types fall under two main categories:

• Registered accounts, such as a Registered Retirement Savings Plan (RRSP), Registered Retirement Income Fund (RRIF), or Tax-Free Savings Account (TFSA) are among the most common types of registered investment accounts.
• Non-registered accounts, including margin accounts, are also available.

Why does account type matter?

Depending on the account type where you hold your investments, you may be entitled to advantages such as government matching, tax-deferral or tax-free investing. 

What type of accounts should be used for investing? 

The type of investment account you use depends on your personal situation and goals. For example, if you're considering buying your first home down the line, a First Home Savings Account (FHSA) may best suit your needs. Meanwhile, a parent looking to save money for their child's future education might benefit from an RESP account. Connect with an Edward Jones financial advisor to discuss the benefits and restrictions of each investment account type and determine which type of account might work best for you.