Requirements and Account Setup
Getting started with opening a CWB Trust Services investor mortgage account
Investment Eligibility
- Must be held on real property (residential or commercial), including raw land, located in Canada (excluding Quebec), and registered at the applicable Land Title Office
- May be advanced for a new purchased or refinancing
- May be in first, second or third mortgage against the property
- Loan to value must not exceed 90%
- Borrow must be a resident of Canada
Eligible Plan Types
Self-directed registered accounts holding:
- Retirement Savings Plan (RSP)
- Retirement Income Fund (RIF)
- Tax-Free Savings Account (TFSA)
- Locked-in Retirement Account (LIRA)
- Life Income Fund (LIF)
(Excluding Quebec)
Note: The interest rate (minimum of 2% and maximum of 30%), term (maximum 10 years), payment details etc., will be the subject of negotiation between you and the borrower.
Account Setup
You will need to open one of the following accounts:
| Account type | Required forms | Additional requirements |
| RRSP/RRIF | Self-Directed Registered Account Application |
A locking-in agreement for all locked-in accounts |
| TFSA | TFSA Application | Please enclose a legible copy of a government issued photo ID (see Part 5 of the TFSA Application Form for more details) |
Note: The "Pre-Authorized Debit Agreement" portion of the New Account Application Form or the TFSA Application Form has to be completed prior to submission if there is no securities dealer appointed to the account, or if non-marketable securities are the only assets being held within the plan.
More information:
- Transfer Authorization Form for Registered Investments (T2033)
- Guide: How to complete the Transfer Authorization Form (T2033)
- Guide: Transferring to an arm’s length mortgage in-kind
Note: CWB Trust Services will accept the appraisal conducted by an appraiser with either the Accredited Appraiser Canadian Institute (AACI) or the Canadian Residential Appraiser (CRA) designation. Find an appraiser here.