5-Year Solar Bonds at 4% interest are eligible for registered plans like RRSP & TFSA.
Right now there are 3 options for doing this:
1) Through a Self-Directed RRSP or TFSA by working with your wealth manager, investment advisor, or discount brokerage firm such as Questrade. It is up to your advisor and the institution’s compliance department to approve a SolarShare investment and set any fees or criteria for investing. Interest is simple. Learn more >>
2) By opening up an RRSP/TFSA account administered by the Canadian Worker Co-op Federation (CWCF). They will hold the Solar Bonds on your behalf in an account with a trust agent. CWCF charges $55 per year to administer the account, additional yearly deposits are $55, and interest will compound. Learn more >>
3) By opening up a registered plan with Caldwell Securities Ltd (CSL). CSL can open self-directed registered accounts (RRSP, RESP, TFSA, and/or RRIF) that can hold Solar Bonds as well as other investment products. CSL charges $65 per year to administer the account, additional yearly deposits are free, and interest is fixed. Learn more>>