Scotia Smart Investor
Get investment advice tailored to you. Scotia Smart Investor helps you set, track, and manage your financial goals as your life evolves.
Products and plans
Set goals and build your financial future with our most popular investment products and plans.
Registered Retirement Savings Plans (RRSP)
An RRSP is a powerful tool to help grow your retirement savings and lower the income tax you pay.
Earn up to $350 with an eligible TFSA and RRSP.*
Tax-Free Savings Accounts (TFSA)
A TFSA is a great way to save for both short and long-term goals, with the flexibility to withdraw your money at any time without penalty.1
Earn up to $350 with an eligible TFSA and RRSP.*
First Home Savings Account (FHSA)
Start saving towards your first home in Canada, tax-free. Now available at Scotiabank.‡
For a limited time, earn an interest rate of 5.00% on new FHSA deposits with the Savings Accelerator Account.†
ScotiaFunds® Portfolio Solutions
Our Portfolio Solutions offer a diversified mix of mutual funds in the convenience of single investment to help you grow your savings while carefully managing risk. Whether you are seeking regular income or long-term growth, there’s a portfolio solution designed to help you achieve your goals.
Get started with self-directed investing. Our powerful online trading platform is easy to use, plus you’ll gain access to in-depth analysis, research, tips, and much more.
Talk to a Scotia advisor today
A Scotiabank advisor is someone you can talk to about your today and trust with your tomorrow.
Build a plan for your future with Scotiabank
Get personalized advice from our team of advisors and investment specialists across Canada.
Connect with us in a way that’s convenient for you. Scotia advisors are available in every branch to help you understand, plan, and execute the right financial plan.
Monitor your investments digitally with online and mobile banking. Our digital banking guides show you how to take care of your banking using your mobile phone, tablet, or computer.
Get smarter with your money. Get Advice+
Investing for the future is important, but so is enjoying your life today. Get financial advice from Scotiabank that’s easy to understand, informative, and tailored to you. We’ll help you build a plan that fits your life.
How you could use the new Tax-Free First Home Savings Account (FHSA)
The new Tax-Free First Home Savings Account helps Canadians save towards their first home.
RRSP vs. TFSA: What should I choose?
Not sure about selecting an RRSP or a TFSA? We dive into what you need to know about how they work.
Investment explainers and tools
When it comes to investing, the best thing you can do is start. Our explainers and tools help you understand how to get started, what different investing terms mean, and how to plan your financial future.
Watch video : Tips for withdrawing from your investment accounts
Ever wonder how taxation works when withdrawing from a TFSA vs. an RRSP? Scotia investment specialist Henri breaks down the difference.
Watch video: How much should I contribute to my RRSP?
Scotia advisor Daniel shares common RRSP mistakes and how to avoid them.
Watch video: Are there downsides to a TFSA?
The TFSA lives up to its reputation as a very helpful savings tool. Find out why Scotia advisor Daniel doesn’t see downsides to using it.
Introducing Scotia Smart Investor via Advice+
Get investment advice tailored to you. Scotia Smart Investor is a new platform that helps you set, track, and manage your financial goals as your life evolves. Invest for the future, navigate uncertainty, and get tips and recommendations, all in one place.
Getting started with investing
With so much information about investing floating around, it’s easy for first-time investors to get overwhelmed. If you want to grow your money, retire comfortably and achieve your financial goals, you need the right investment strategy. This guide will take you through the basics.
Investment calculators and tools
Let us help you make the right financial decisions. Our interactive tools can help with RRSP decision-making, retirement income planning, budgeting, and choosing appropriate investments and more.
The amount you withdraw can be put back into your TFSA starting the following year without impacting your contribution room. Specific product restrictions may also apply. Annual contribution limits: $5,000 for 2009-2012; $5,500 for 2013-2014; $10,000 for 2015; $5,500 for 2016-2018; $6,000 for 2019 – 2021.
For complete information on your contribution room, please visit the Canada Revenue Agency website.
The Scotiabank Savings Accelerator Account may be opened within the following registered investment accounts - TFSA, RRSP, RESP, RRIF and RDSP.
The bonus interest rate (The “Bonus Rate”) applies to New Deposits (defined below) made into an eligible Scotiabank Savings Accelerator Account (“SSAA”) between August 14, 2023 and January 31, 2024 (the “Bonus Rate Period”). Eligible SSAAs include only those held within a First Home Savings Account (FHSA) at either The Bank of Nova Scotia or Scotia Securities Inc. (together, “Scotiabank”). SSAAs held within a TFSA, RRSP, RRIF, LIF, Registered Locked-In RSP, RESP, RDSP or any other registered plan or non-registered account at Scotiabank are not eligible for this Bonus Rate.
During the Bonus Rate Period, the Bonus Rate of 4.25% will be earned only on that portion of the SSAA Daily Balance that is greater than the SSAA Daily Balance as of August 13 2023 (“New Deposits”). The “SSAA Daily Balance” means, with respect to any particular day, the closing balance in the eligible SSAA. In addition, New Deposits will continue to earn interest at the posted annual interest rate for the SSAA (click here for current rates).
The Bonus Rate will cease to apply as of February 1, 2024. The bonus interest earned during the Bonus Rate Period will be calculated daily and paid monthly. All interest rates described herein are annual rates.
SSAAs must be open and in good standing in order to receive any interest calculated at the Bonus Rate. A SSAA is not in 'good standing' if it has a negative balance, or the account holder is in breach of the account agreement with Scotiabank.
It is the SSAA account holder’s responsibility to determine his or her maximum allowable annual contributions in SSAAs held in registered plans.
All other terms and conditions of the SSAA continue to apply, refer to https://www.scotiabank.com/ca/en/personal/bank-accounts/savings-accounts/savings-accelerator-account.html for details, including calculation of interest.
By accepting this offer, you consent to receive messages from Scotiabank via e-mail, Scotia OnLine and/or the Scotiabank Mobile Banking App so that we can notify you when the Bonus Rate Period and the offer are expiring and what interest rate will take effect after the Bonus Rate Period expires. Should you ever need to change your email address, you can update it by calling us or going into a branch.
These offer terms, including the Bonus Rate, may be changed, cancelled or extended at any time, in whole or in part, without notice.
Scotia Securities Inc. is a mutual fund dealer and is a corporate entity, separate from, although wholly-owned by, The Bank of Nova Scotia ("Scotiabank"). ScotiaFunds are managed by 1832 Asset Management L.P. and are available from Scotia Securities Inc. 1832 Asset Management L.P. is a limited partnership the general partner of which is wholly-owned by Scotiabank. Scotia Smart Investor is a trade name of Scotia Securities Inc.
Currently the Scotiabank FHSA has a limited product offering, consisting solely of cash and Scotiabank Saving Accelerator, a High Interest Savings Account issued by Scotiabank and its affiliates, Montreal Trust Company of Canada, National Trust Company and Scotia Mortgage Corporation. Further investment offerings for FHSA will be available at a later time.
Winter Investment Campaign Offer Terms and Conditions
The Scotiabank Registered Account Welcome Offer (the “Offer”) is available between November 1, 2023 and February 29, 2024 (the “Offer Period”) to individuals who open an eligible Scotia Registered Retirement Savings Plan or Tax-Free Savings Account during the Offer Period (each an “Eligible Registered Account”) and complete certain qualifying activities.
For the purposes of this Offer, the following Scotia Registered Accounts are eligible for the Offer: Scotia Registered Retirement Savings Plans (RRSPs, excluding Locked-In Plans such as LIRAs and LRSPs) (each an “Eligible RRSP”) and Scotia Tax-Free Savings Accounts (each an “Eligible TFSA”). Scotia RRIFs, FHSAs, RESPs, RDSPs, and non-registered Scotia Investment Accounts are not eligible for the Offer. In order to qualify for a Cash Bonus (defined below) the individual cannot have held the same type of Eligible Registered Account (as that opened during the Offer Period) with either The Bank of Nova Scotia or Scotia Securities Inc. (together, “Scotiabank”) in the 6 months preceding the Offer Period.
To qualify for a cash bonus (the “Cash Bonus”):
1. Open one or more new Eligible Registered Account(s) during the Offer Period;
2. By February 29, 2024, contribute or transfer-in a Minimum Qualifying Investment Amount (as defined below) into your new Eligible Registered Account(s) and maintain that Minimum Qualifying Investment Amount until May 31, 2024 to qualify for either of the following Cash Bonuses:
|Minimum Qualifying Investment Amount*||Eligible Registered Account(s)||Cash Bonus|
|$3,000 into any one of your new Eligible Registered Account(s)||Either an Eligible RRSP or Eligible TFSA||$150|
|$3,000 into both a new Eligible RRSP and a new Eligible TFSA (for a total minimum of $6,000 combined)||Both an Eligible RRSP and an Eligible TFSA||$350|
*For purposes of calculating the Minimum Qualifying Investment Amount, the book value of the contributions and/or transfers-in will be used to determine eligibility.
3. By February 29, 2024 set up a recurring pre-authorized contribution (PAC) from any Scotiabank personal bank account of at least $50 total per month in any of your Eligible Registered Account(s), which must have recurred for a minimum of 3 consecutive months by May 31, 2024.
Customers are responsible to confirm their contribution limits noted on their most current Notice of Assessment issued by the Canada Revenue Agency prior to making any contribution to their Eligible Registered Account(s). Scotiabank is not responsible for any contribution over a customer’s limit in connection with this Offer. The Cash Bonus is not considered a contribution and therefore will not impact contribution limits.
As applicable, the Cash Bonus will be paid into your new Eligible Registered Account on or around July 31, 2024 provided all Offer conditions outlined above have been satisfied. Your Eligible Registered Account(s) must be open and in good standing at the time of the Cash Bonus payout. For purposes of this Offer, an Eligible Registered Account is not in 'good standing' if the account holder is in breach of the Eligible Registered Account’s client account agreements. If more than one Eligible Registered Account is opened and each qualifies for the Offer, the Cash Bonus will be paid into only one of the Eligible Registered Account(s) in the following order: (1) Eligible RRSP, then (2) Eligible TFSA. In the case where multiple Eligible Registered Accounts of the same type are opened (e.g., where multiple Eligible RRSPs are opened), the Cash Bonus will be paid into only one of the new Eligible Registered Accounts. For a spousal RRSP, the Cash Bonus will be paid into that plan and not paid to the contributor.
This Offer is non-transferable, non-saleable, may not be exchanged for cash and may not be duplicated. Limit of one (1) Cash Bonus per customer, regardless of the number of Eligible Registered Accounts opened. Offer may be changed, cancelled or extended at any time and cannot be combined with any other offers except as otherwise permitted.