Legal tender coins qualify as an TSFA-eligible investment only if the Royal Canadian Mint has produced them. Precious metal bars can be held only if an accredited London Bullion Market Association (LBMA) member has produced them.
Cache Metals is not a financial services company as such it does not provide any services related to TFSA. However, Cache Metals has developed unique relationships with Laurentian Bank Discount Brokerage and Brinks Canada in order to provide investors the opportunity to place physical silver in their TFSA’s.
Laurentian Bank Discount Brokerage (LBDB) is a division of Laurentian Bank Securities, a wholly owned division of the Laurentian Bank of Canada that came into existence January 2000. LBDB is an execution-only broker whose principal role is to receive orders from informed investors and rapidly execute them at minimal cost.*
Furthermore, silver placed in TFSA accounts through Laurentian Bank Securities is stored under the most stringent security measures in the vaults of Brinks Canada Limited, one of only 6 entities that are considered suitable to hold LBMA Silver delivery bars by IIROC.
LBS is registered as an investment dealer with the Investment Industry Regulatory Organization of Canada (IIROC). The company is also a member of the Canadian Investor Protection Fund (CIPF). As such, LBS and LBDB subscribe to and maintain the highest industry standards and their customers enjoy several levels of protection.
* LBDB does not offer advice or recommendations about investments made, or as to the quality of securities traded through its services.
Please visit Laurentian Bank Discount Brokerage's website for more info.
You can access the needed forms for the type of account you are interested in by clicking on the link above.
If you have any questions regarding setting up an account, please call Laurentian Bank's customer service line at 1-877-908-2528. You can also visit the Laurentian Bank website.
Any questions regarding the precious metals market and industry, please call us at 1-877-916-6670 to speak to one of our specialists.
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215B Davenport Road l Toronto l Ontario l Canada
Tel: 416.916.6660 l Toll Free:1.877.916.6670 | Fax: 416.916.6702
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Cache Metals, an online gold and silver bullion dealer, services clients across Canada & the USA, including; Toronto, Vancouver, Montreal, New York, California, Georgia, New Jersey, Ohio, Tennessee, Montana, Florida, Boston, Detroit. Buy gold and silver online at wholesale prices.
