Self-Directed RSPs

  • You want a wide range of investment choices

  • You want a simple way to consolidate your RSP holdings

  • Invest in a wide range of qualified investments
    It includes: equities, options, exchange-traded funds (ETFs), mutual funds, bonds, new issues, precious metals certificates, t-bills and other money market instruments.

  • Convenient way to consolidate your RSP holdings

  • Adjust your portfolio at anytime

  • Simplify the management of your portfolio

  • Reduce administration and brokerage costs by dealing with one institution

  • PLUS:

    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.

    Rates & Fees

     

    NOFEE for aggregate accounts $25,000 and over or 12 commissionable trades or more per year

     

    $100per year for aggregate accounts less than $25,000 and fewer than 12 commissionable trades per year

    What is a self-directed RSP?

    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:

    • Canadian and U.S. stocks, as well as international stocks listed on a designated exchange
    • Mutual funds
    • Federal, provincial, and corporate bonds
    • Stripped bonds and coupons
    • Mortgages
    • GICs and Canada Savings Bonds
    The advantages of a self-directed plan:
    • More diversification 
      With a self-directed plan, you can hold any qualifying investment you want. You're not limited to one type of asset, such as GICs, or to the products of just one institution.
    • Control 
      You call the shots. You manage your own investments and can take on as much risk, or as little, as you want.
    • Easier monitoring 
      With all your registered assets in one place, you'll get just one statement. It's easy to see at a glance how your portfolio is doing.
    Is it right for you?

    If you answer yes to one or more of the following questions, you might want to consider a self-directed RSP.

    • I want to hold mutual funds and GICs from a number of different issuers in my RSP
    • I want to hold stocks and bonds in my registered plan, as well as cash and mutual funds
    • I want to make my own investment decisions. I want to be able to monitor and track my portfolio myself so I always know exactly how I'm doing
    • I have a number of different RSPs that I'd like to consolidate into one. That way, I'll need to review only one statement
    • I am comfortable paying the annual administration fee, or I can maintain enough assets in my account that the administrator will waive the fee

    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.

    Deposits are eligible to be insured under the CDIC Act only if they are in Canadian Currency, have a term of 5 years or less and are payable in Canada.

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