Accumulate short-term sums
Investments in non-registered accounts are impacted by annual tax regulations. Investors should carefully assess how different types of income, such as capital gains, losses, dividend income, interest income, and other revenue sources, influence their investment strategy and overall financial portfolio. With a deep understanding of these components, investors can confidently make decisions aligned with their long-term financial goals and tax plans.
Advantages
An unregistered account offers a versatile financial tool that lets you save for major expenses, build an emergency fund for unexpected situations, or boost your retirement savings for a secure future. Unlike Registered Retirement Savings Plans (RRSPs), non-registered accounts provide the advantage of no contribution limits, giving you more flexibility in managing your finances.
Who should invest in unregistered investments?
For those who have maxed out their RRSP contributions and seek to diversify their investment portfolio while overseeing projects, this approach proves beneficial. It’s especially advantageous for individuals aiming to build funds for short-term goals like establishing a financial safety net, funding a getaway, and more.
Whether you’re seeking information on setting up an unregistered investment contribution or require a review of your current investment strategy, choose Globalex and experience coverage that goes further. To get started on your unregistered investments with Globalex, click below.
