Questions about self-directed investing?

Get answers to the most common questions about investing here.

Top FAQs

What types of accounts can I open – for example, TFSAs, RRSPs?

We offer a variety of investment accounts that can help you reach your financial goals faster. Registered accounts let you invest and grow your money while also saving on taxes. Non-registered accounts don’t offer tax advantages but have other benefits, such as freedom to deposit or withdraw as much as you want, when you want.

Registered accounts

Tax-Free Savings Account (TFSA)
Registered Retirement Savings Plan (RRSP)
Registered Education Savings Plan (RESP)
First Home Savings Account (FHSA)
Registered Retirement Income Fund (RRIF)
Locked-In Retirement Account (LIRA)
Locked-In RSP (LRSP)
Locked-In Retirement Income Fund (LRIF)
Prescribed Retirement Income Fund (PRIF)

Non-registered accounts

A cash account is a basic, non-registered account. You can open an individual, joint or corporate account.
A margin account increases your potential buying power by letting you borrow funds against your investments. Learn about margin accounts

How do I fund my account? Select to show or hide answer

You have 3 easy options.

Transfer cash from a bank account. Simply sign on to your Investor’s Edge account and go to Transfers and Exchange. You’ll find everything you need to link any bank account and transfer cash.
Transfer securities and cash from another investment account. You can transfer the entire account, or just some of the securities and cash in the account. Simply sign on to your Investor’s Edge account, go to Transfers and Exchange and select ”Transfer between”.
Visit a CIBC Banking Centre to deposit funds. Find a Banking Centre Opens a new window..

What is the minimum amount I need to open an account? Select to show or hide answer

There’s no minimum. You can start your investing journey with any amount.

What kind of securities can I buy and sell — for example stocks, ETFs, mutual funds? Select to show or hide answer

You can choose from a wide range of investment products to diversify your portfolio:

Stocks
ETFs (Exchange Traded Funds)
Mutual funds
Options
Bonds
GICs (Guaranteed Investment Certificates)
CDRs (Canadian Depositary Receipts)
ADRs (American Depositary Receipts)
Structured notes
IPOs (Initial Public Offerings)
Precious metals

How much does it cost to invest?

Our low pricing helps your money go further. And there are no extra fees to get research from the experts or use our powerful tools.

Learn about pricing

Learn about our tools

Can I trade in U.S. dollars?

Yes. Trading in U.S. dollars is easy because all accounts except RESPs automatically come with a Canadian dollar side and a U.S. dollar side at no additional cost. Learn more

Can I trade U.S. stocks before or after regular market hours?

Yes. Extended trading hours on U.S. stocks are available from 8:05 am to 6:00 pm ET. This allows you to act on corporate or macroeconomic announcements that might happen outside the traditional trading hours of 9:30 am to 4:00 pm. Learn about the benefits and risks of trading in extended hours.

How do you keep my money safe?

If you’ve been a victim of fraud, and you’ve met all of your responsibilities, we promise to return 100% of the money you’ve lost from your CIBC accounts. For details, refer to the CIBC Digital Banking Guarantee Opens a new window..

CIBC is also a member of the Canadian Investor Protection Fund (CIPF) Opens a new window.. The CIPF is an insurance program that protects your accounts within specified limits.

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Questions?