Registered accounts

Registered accounts offer specific benefits, including tax deferrals or grants, based on your needs, goals, contributions and personal circumstances. Each registered account can hold a variety of financial products, including investments and deposits.

Open a registered account online or speak with an HSBC representative to learn more.

Tax-Free Savings Account1

An account that lets your savings grow tax-free.

  • An ideal all-purpose investment account, suited for short- and long-term financial goals
  • Can also be used to supplement retirement and education savings with tax-free income
  • Subject to annual contribution limit of $6,000 for 2020. Lifetime limits also apply
  • Unused contribution room from prior years may be carried forward indefinitely, and prior year  withdrawals may be re-contributed
  • Consider setting up a plan to invest regularly and maximise your contributions each year

Investment options:

HSBC Mutual Funds2, including online investing through HSBC Wealth Compass

HSBC Managed Solutions, including our World Selection® Portfolio3 service

Savings and deposit products, including TFSA High Rate Savings, Term Deposit and Redeemable GICs

Self-directed investing with HSBC InvestDirect4

Open a mutual funds TFSA or RRSP online

Self-directed online investing

Make a contribution to your existing HSBC registered account

Speak with an HSBC representative

 

 

1 Income earned in a TFSA is not subject to Canadian taxes. Taxes of other countries may apply. Contributions to Tax-Free Savings Accounts (TFSAs) are limited annually. Generally, the maximum contribution room for a year is equal to the total of unused contribution room from the previous year, distributions made in the previous year and the TSFA dollar limit for the year. The maximum annual contribution applies to all of your TFSAs held with HSBC Bank Canada or any other financial institution. Only Canadian residents, who are over 18 years of age and have a valid Social Insurance Number, can make contributions to a TFSA. The age of majority is 19 for residents of Newfoundland & Labrador, New Brunswick, Nova Scotia, British Columbia, Northwest Territories, Yukon and Nunavut, which may delay the opening of a TFSA. However, the accumulation of contribution room will start at age 18. Consult your tax advisor for full details about TFSAs and how they relate to your tax situation.

 

2 HSBC Global Asset Management (Canada) Limited (“AMCA”) is the manager and primary investment advisor for the HSBC Mutual Funds. HSBC Investment Funds (Canada) Inc. (“HIFC”) is the principal distributor of the HSBC Mutual Funds and offers the HSBC Pooled Funds through the HSBC World Selection Portfolio service. HSBC Mutual Funds are also distributed through authorized dealers. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus and Fund Facts before investing. Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other deposit insurer. The net asset values of all mutual funds, including the HSBC Mutual Funds, change frequently and any past performance may not be repeated. For money market funds, there can be no assurances that such funds will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you.

HIFC is a direct subsidiary of AMCA and an indirect subsidiary of HSBC Bank Canada, and provides its services in all provinces of Canada except Prince Edward Island. AMCA is a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada.

All products and services of HIFC and AMCA are only available for sale to residents of Canada, unless the laws of a foreign jurisdiction permit sales to its residents. Please contact your HSBC Mutual Fund Advisor for more details. The contents of this site should not be considered an offer to sell or a solicitation to buy products or services to any person in a jurisdiction where such offer or solicitation is considered unlawful.

HSBC Wealth Compass™ is a trade-mark of HSBC Group Management Services Limited used under license by HIFC.

 

 3  HSBC World Selection® Portfolio is a portfolio investment service offered by HIFC. In this service, a client’s assets are invested in model portfolios. Each model portfolio is comprised of investments in HSBC Pooled Funds, which are mutual funds managed by AMCA and distributed by HIFC. AMCA provides discretionary investment management services to the portfolios in the HSBC World Selection Portfolio service. Commissions, trailing commissions, management fees, investment management fees and expenses all may be associated with investments in the HSBC Pooled Funds and/or the HSBC World Selection Portfolio service. Please read the applicable account opening documentation associated with HSBC World Selection Portfolio, the prospectus and Fund Facts of the HSBC Pooled Funds in which investment may be made under HSBC World Selection Portfolio service before applying for the HSBC World Selection Portfolio service. The HSBC World Selection Portfolio service and the HSBC Pooled Funds are not guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other deposit insurer or financial institution, their values change frequently and past performance may not be repeated. For money market funds, there can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. 

 

® World Selection is a registered trademark of HSBC Group Management Services Limited.

 

4 HSBC InvestDirect offers self-directed on-line access to North American and global equities from 30 domestic and global markets, options, third-party and proprietary mutual funds, and fixed income products.

HSBC InvestDirect is a division of HSBC Securities (Canada) Inc., a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada. HSBC Securities (Canada) Inc. is a member of the Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund. HSBC InvestDirect does not provide investment advice or recommendations regarding any investment decisions or securities transactions.

 

5 HSBC RRSP Ascending Rate GIC™ is a registered trade-mark of HSBC Holdings plc. used pursuant to license.

The content on this page is provided for informational purposes only. It is not intended to provide legal, accounting, tax investment, financial or other advice and such information should not be relied upon for such purpose. Please consult your tax advisor to find out which strategies suit your tax situation. HSBC makes no guarantee, representation, or warranty and accepts no responsibility or liability as to the tax treatment of these accounts or contributions to these accounts.