(above).Choose which investment accounts to set up
Tip: For easier reading, click (above).
When you're deciding what investment accounts to set up, use the "one statement/one account" rule. That is, set up one investment account for each account for which you receive a statement. Use the table below as a guide.
| If your portfolio containsà |
You should set upà |
| Several mutual funds in a single brokerage account | One investment account |
| Several mutual finds in a single retirement account, such as a 401(k) | One retirement account |
| A money market fund and several stocks through the same broker | One investment account |
| A Canadian RRSP, several stocks, and a municipal bond through a single broker | One retirement account for the RRSP, and one investment account for all other investments with that broker |
| Three CDs at a bank, and a tax-free bond invested in through a broker | Two investment accounts: one for the bank and one for the brokerage account |
| Several stocks, bonds, CDs, and mutual funds through four different brokers or banks | Four investment accounts: one for each broker or bank |
Play the Creating new investment accounts video.
Should I create an investment account or create an investment?
How do I create an investment account?