5-Year Solar Bonds at 5% 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. 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 trust agent Concentra Financial. 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>>