Differences between non-registered (Margin) and registered (TFSA, RRSP) accounts
Non-registered accounts, such as a margin account do not have a contribution limit. Another benefit of non-registered accounts is that any capital gains realized within the account are taxed at only 50% of the account holder’s top marginal tax rate. Margin is generally available in non-registered accounts but it is up to the user to either trade with just the cash balance or utilize margin.
There are various different registered accounts available as such a TFSA, RRSP, RESP, LIF, RIF & LIRA. All registered accounts are cash accounts and margin is not available. Questrade however has a unique Margin Power offering that provides margin for a TFSA account.
See section Knowledge Base entry ‘Margin in TFSA through Questrade’s Margin Power’ for additional details.