Investment accounts that allow clients to borrow against existing assets to increase buying power. This introduces additional risk and requires margin compliance.

Important Note: At CFG, we do not trade on margin as a standard practice. However, margin accounts may be required or utilized in specific scenarios:

• Temporary use to cover a withdrawal before trades settle (T+2), resulting in a short margin balance with interest charges applying.
• In custom portfolios, particularly those using option strategies, a margin account may be required for trade execution purposes, even if the position is fully cash-secured.

Margin Account (CAD)

• Currency: Canadian Dollars
• Use Case: Investors who want to trade on leverage, short sell, or access more sophisticated strategies.
• Suitability: Experienced investors with risk tolerance and a long-term horizon.
• Tax: Borrowing interest may be tax-deductible if used for income-generating investments.

Margin Account (USD)

• Currency: U.S. Dollars
• Use Case: Same as CAD margin, but for U.S. securities. Avoids conversion fees and allows direct U.S. margin borrowing.
• Consideration: Clients must manage foreign exchange exposure.

Joint Margin CAD

• Structure: Held jointly by two or more individuals with rights of survivorship (JTWROS) or tenants-in-common.
• Use Case: Couples or family members trading together with shared investment strategy and objectives.
• Note: Margin risk is shared; all account holders are jointly responsible for obligations.