You don't have to sell any of your existing investments or convert them into Scotia investment products.
Depending on your investment objectives and preferences, you can choose either a self-directed RSP or a full-service brokerage self-directed RSP.
FEE for aggregate accounts $25,000 and over or 12 commissionable trades or more per year
per year for aggregate accounts less than $25,000 and fewer than 12 commissionable trades per year
A self-directed RSP is not an investment. It's more like a way of investing. Think of it as a tax-sheltered container into which you can put a number of different investments, including:
If you answer yes to one or more of the following questions, you might want to consider a self-directed RSP.
Tip: "Self-directed" doesn't necessarily mean "self-managed." You can set up a self-directed plan with Scotiabank and still get ongoing investment advice. Just remember that the commissions and administration fees will probably be higher.