CIDigitalWealth Knowledge Base

What is total percentage return?

Published December 4th, 2024 by Nathan Kondra

This represents gains and losses of an investment over a specified period of time, including realized and unrealized capital gains and losses plus income, expressed as a percentage. For example, an annual total percentage return of 5% for the past three years means that the investment effectively grew by 5% a year in each of the three years. Total r

Understanding your Dashboard

Published December 4th, 2024 by Nathan Kondra

Your Dashboard reports tells you how your account has performed. It can help you assess your progress toward meeting your investment goals. Performance is displayed using charts. "Gains" represent a changes in dollar value. Rate of Return is the percentage return using money weighted calculation. Contributions is a summary of deposits and withdrawal

Is there a minimum investment amount for non-residents?

Published December 4th, 2024 by Nathan Kondra

If you are a non-resident client the minimum investment amount is $25,000.

How do I name a beneficiary to my CI Digital Wealth accounts?

Published December 4th, 2024 by Nathan Kondra

You can assign beneficiaries to your account fully online. Login to your CI Digital Wealth account through a web browser (on desktop or mobile), and click on your name at the top right corner. Click on Beneficiaries under My Profile. Click Complete to designate a beneficiary on accounts that don’t have one. In the pop up window, check that your det

High Interest Savings Portfolio

Published December 4th, 2024 by Nathan Kondra

as of November 30, 2024 This portfolio’s strategy is to invest in cash equivalent investments, which can include savings accounts at big banks and other cash equivalent ETFs and mutual funds to provide very liquid interest earning investments with limited risk to principal. This portfolio includes the CI First Asset High Interest Savings ETF (CSAV)

Essential Aggressive Portfolio

Published December 4th, 2024 by Nathan Kondra

As of November 30, 2024 This portfolio seeks to provide long-term growth by investing in an asset allocation ETF that holds passive ETFs with exposure to global publicly traded equity securities. The minimum initial investment amount for this portfolio is $100. Asset Mix 28% Canadian Equities 26% International Equities 26% US Equities 13% Government

Reporting Issuers, Reporting Insiders, and Significant Shareholders

Published December 4th, 2024 by Nathan Kondra

You’re responsible for knowing the securities rules that apply to you. In order to understand if you’re a reporting insider, it’s important to understand the meaning of a “reporting issuer.” Reporting Issuer The definition for a “reporting issuer” varies in jurisdictions across Canada, but is generally considered any individual or company that

What is Two-Step Sign-In Verification?

Published December 4th, 2024 by Nathan Kondra

Two-step verification (AKA Two-factor authentication) is available to help protect your account. It helps prevent unauthorized access if anyone discovers your password. Our two-step Sign-In process uses a randomly generated 6-digit security code that is dynamically generated using applications such as Google Authenticator, 1Password, or LastPass Au

Conservative ETF Portfolio

Published December 4th, 2024 by Nathan Kondra

As of September 30, 2024 This portfolio seeks to provide a combination of income and moderate long-term growth by investing primarily in passive index ETFs with exposure to global publicly traded fixed income and equity securities. This portfolio is managed by our affiliate, CI Global Asset Management, a sub-advisor for CI Digital Wealth. The minimu

Conflicts of Interest Disclosure

Published December 4th, 2024 by Nathan Kondra

Last updated on April 30, 2024 Conflicts of Interest A conflict of interest is any circumstance where the interests of a client and those of CI Digital Wealth or individuals acting on our behalf are inconsistent or divergent. We take reasonable steps to identify and respond to material conﬂicts of interest and conflicts that are reasonably forese

What is the Common Reporting Standard (CRS)?

Published December 4th, 2024 by Nathan Kondra

About the Common Reporting Standard (CRS) source: Canada Revenue Agency (CRA) The Common Reporting Standard (CRS) is a new international standard for the automatic exchange of financial account information between tax administrations to use in fighting tax evasion and to promote voluntary compliance with tax laws. Canada and close to a hundred other

Is there a minimum investment amount?

Published December 4th, 2024 by Nathan Kondra

The minimum investment amount required to open a CI Digital Wealth account is $100. This can come from new deposits from your bank account, or a transfer from an existing investment account, or both. The reason for this minimum is to make sure we can diversify the portfolio appropriately across a number of different investment categories. If you're

Aggressive ESG Portfolio

Published December 4th, 2024 by Nathan Kondra

As of November 30, 2024 This portfolio seeks to provide long-term growth with a potential for a moderate level of income by investing in an asset allocation ETF that holds passive ETFs using ESG-oriented investment strategies with exposure to global publicly traded fixed income and equity securities. ESG investing considers environmental, social, an

How Do I Set Up Two-Step Sign-In Verification? (2FA)

Published December 4th, 2024 by Nathan Kondra

The first time you sign-in to CI Direct Investing, you'll be asked to set up two-step verification for your account. While this is optional, it's recommended and will provide better security to your account. Click here to learn more about two-step verification. You can always disable and re-enable your two-step verification at a later time from your

As a non-resident, do I have to file a Canadian tax return when I invest with CI Digital Wealth?

Published December 4th, 2024 by Nathan Kondra

That depends on the type of income you earn from Canadian sources. If the only income you earn is Type XIII, which is deducted at source, you don’t need to file a Canadian tax return. However, let’s say you earn additional types of income, such as capital gains or pension income. In that case, you need to file a return. That could be a good thing,

As a non-resident, what do I need to open an account at CI Digital Wealth

Published December 4th, 2024 by Nathan Kondra

Non-residents must be a Canadian citizen , have a minimum of $25,000 to invest and maintain a bank account in Canada. Availability varies by country. We do not open accounts for residents of jurisdictions: Located in the European Economic Area Subject to sanctions imposed by the Government of Canada Within the United States of America Listed on the

Portfolio Features

Published December 4th, 2024 by Nathan Kondra

We provide a variety of different portfolios using different investment strategies and at a range of risk levels to ensure we have solutions to meet our clients' diverse needs. Different portfolios have different features that we may refer to from time to time. These are descriptions of the features we use to describe our portfolios: Active Manage

How do I update my bank account information?

Published December 4th, 2024 by Nathan Kondra

To add or change the bank account linked with your CI Digital Wealth account, you will need to do the following: Log onto your account, go to the “Profile” page by clicking on your name located on the top right hand corner. Click “Bank accounts” on the left hand side column. When you are on the page, you will need to click “Change” next to your acco

What are my RESP withdrawal options?

Published December 4th, 2024 by Nathan Kondra

When it’s time to withdraw from your RESP, you’ll need to choose one or more of the following withdrawal options: Educational Assistance Payment (EAP) - This is a withdrawal of the grant money the federal government contributed towards your student’s education. During the first 13 consecutive weeks of enrolment, you can withdraw up to $5,000 in EAPs

Safety ETF Portfolio

Published December 4th, 2024 by Nathan Kondra

As of September 30, 2024 This portfolio seeks to provide income with a potential for modest growth by investing primarily in passive index ETFs with exposure to global publicly traded fixed income and equity securities. This portfolio is managed by our affiliate, CI Global Asset Management, a sub-advisor for CI Digital Wealth. The minimum initial in

Growth ETF Portfolio

Published December 4th, 2024 by Nathan Kondra

As of September 30, 2024 This portfolio seeks to provide long-term growth with a potential for a moderate level of income by investing primarily in passive index ETFs with exposure to a portfolio of global publicly traded fixed income and equity securities. This portfolio is managed by our affiliate, CI Global Asset Management, a sub-advisor for CI

Definition of KYC and Suitability Terms

Published December 4th, 2024 by Nathan Kondra

Helpful Definitions Below are definitions of the KYC terms that will be used in making a suitability determination for you. Risk Profile Your risk profile includes both your willingness to accept risk (risk tolerance) and ability to endure potential financial loss (risk capacity). You risk tolerance may be reflected in your attitude towards risk whi

Savings Account Frequently Asked Questions

Published December 4th, 2024 by Nathan Kondra

What are the benefits of CI Digital Wealth's Savings Account? Earn 1.25% interest. No promotional rates. No fees. No catch. All transactions are totally free. No minimums. Deposit as much or as little as you like. How is the interest calculated and paid? Interest rates are per year, calculated daily, paid monthly and are subject to change without no

How liquid are my investments at CI Digital Wealth?

Published December 4th, 2024 by Nathan Kondra

All CI Digital Wealth investments are liquid, and in most cases funds can be in your Canadian bank account in approximately 10 business days from when you make a withdrawal request. Here is what happens when you request a withdrawal: After we receive your instruction, CI Digital Wealth will sell the holding in your account at the next reasonable op

As a non-resident, what type of accounts can I open?

Published December 4th, 2024 by Nathan Kondra

If you are not currently residing in Canada but you have existing TFSAs and RRSPs, we can assist you with transferring and managing those accounts. You can open a new Non-Registered account, or transfer an existing one. New deposits can be made to a Non-Registered investment account. The minimum investment balance requirement for non-residents is $

Essential Growth Portfolio

Published December 4th, 2024 by Nathan Kondra

As of November 30, 2024 This portfolio seeks to provide long-term growth with a potential for a moderate level of income by investing in an asset allocation ETF that holds passive ETFs with exposure to global publicly traded fixed income and equity securities. The minimum initial investment amount for this portfolio is $100. Asset Mix 24% Canadian

Essential All Equity Portfolio

Published December 4th, 2024 by Nathan Kondra

As of November 30, 2024 This portfolio seeks to provide long-term growth by investing in an asset allocation ETF that holds passive ETFs with exposure to global publicly traded equity securities. The minimum initial investment amount for this portfolio is $100. Asset Mix 35% Canadian Equities 33% International Equities 32% US Equities 1% Cash and Ca

What is Original Cost?

Published December 4th, 2024 by Nathan Kondra

Original Cost (shown on your Holdings Report) means the total amount paid to purchase a security, including any transaction charges related to the purchase.

How does investing with CI Digital Wealth affect my non-resident status?

Published December 4th, 2024 by Nathan Kondra

Opening an investment account in Canada may impact your non-resident status. Bank and investment accounts are part of the secondary criteria the Canadian government looks at when determining residency. Please read more here on the CRA's site.

All Equity ESG Portfolio

Published December 4th, 2024 by Nathan Kondra

As of November 30, 2024 This portfolio seeks to provide long-term growth by investing in an asset allocation ETF that holds passive ETFs using ESG-oriented investment strategies with exposure to global publicly traded equity securities. ESG investing considers environmental, social, and governance factors alongside financial returns. The minimum ini

What are my tax obligations if the CRA deems me a factual resident?

Published December 4th, 2024 by Nathan Kondra

According to the CRA, as a factual resident your income is taxed as if you never left Canada. As such, you will continue to: report all income you receive from sources inside and outside Canada for the year and claim all deductions that apply to you; claim all federal and provincial or territorial non-refundable tax credits that apply to you; pay fe

What happens if I'm deemed a Canadian resident while living abroad?

Published December 4th, 2024 by Nathan Kondra

There are a number of situations in which you may be considered a 'factual resident' even if you don't live in the country. According to the CRA You may be considered a factual resident of Canada if you are: working temporarily outside Canada; teaching or attending school in another country; commuting (going back and forth daily or weekly) from Ca

For non-residents, are there tax liabilities for investing with CI Digital Wealth?

Published December 4th, 2024 by Nathan Kondra

While you are a non-resident, any income earned in Canada is subject to Canadian tax (either Part XIII or Part I tax rates, depending on the source of income). The Part XIII tax rate is up to 25%. It is incurred on income such as dividends paid from stocks and distributions of income from Trusts like mutual funds and ETFs, and is withheld at source

Can I change my investment portfolio once my funds are invested?

Published December 4th, 2024 by Nathan Kondra

At CI Digital Wealth we work with you to recommend the most appropriate portfolio for you when the account is opened. We advise maintaining discipline and investing long term with the recommended portfolio unless there is a change to your financial circumstances or objectives for the account. If there is a change to your financial circumstances, pl

I'm not a Canadian citizen or resident. Can I invest with CI Digital Wealth?

Published December 4th, 2024 by Nathan Kondra

No. Only Canadian residents or Canadian citizens living abroad can invest with CI Digital Wealth.

What happens if I move back to Canada?

Published December 4th, 2024 by Nathan Kondra

When you become a Canadian resident once again you may incur a tax liability on your non-Canadian assets. According to the CRA If you owned certain properties, other than taxable Canadian properties, while you were a non-resident of Canada, we consider you to have disposed of the properties and to have immediately reacquired them at a cost equal to

Conservative ESG Portfolio

Published December 4th, 2024 by Nathan Kondra

As of November 30, 2024 This portfolio seeks to provide a combination of income and moderate long-term growth by investing in an asset allocation ETF that holds passive ETFs using ESG-oriented investment strategies with exposure to global publicly traded fixed income and equity securities. ESG investing considers environmental, social, and governanc

When will I receive my tax slips and other tax documents?

Published December 4th, 2024 by Nathan Kondra

This guideline outlines when you can expect various tax documents to be available: Late January RRSP contribution slips for the last 10 months of the year T4 (for income from retirement accounts) T4A (for RESP withdrawals) Late February NR4 (for non-residents registered accounts) T5/RL3 (for investment income from some types of investments (like cor

Balanced ETF Portfolio

Published December 4th, 2024 by Nathan Kondra

As of September 30, 2024 This portfolio seeks to provide a combination of long-term growth and a moderate level of income by investing primarily in passive index ETFs with exposure to a portfolio of global publicly traded fixed income and equity securities. This portfolio is managed by our affiliate, CI Global Asset Management, a sub-advisor for CI

Aggressive ETF Portfolio

Published December 4th, 2024 by Nathan Kondra

As of September 30, 2024 This portfolio seeks to provide long-term growth with a potential for a modest level of income by investing primarily in passive index ETFs with exposure to a portfolio of global publicly traded equity securities. This portfolio is managed by our affiliate, CI Global Asset Management, a sub-advisor for CI Digital Wealth. The

Balanced ESG Portfolio

Published December 4th, 2024 by Nathan Kondra

As of November 30, 2024 This portfolio seeks to provide a combination of long-term growth and a moderate level of income by investing in an asset allocation ETF that holds passive ETFs using ESG-oriented investment strategies with exposure to global publicly traded fixed income and equity securities. ESG investing considers environmental, social, an

I'm an expatriate who lives outside of Canada. Can I invest with CI Digital Wealth?

Published December 4th, 2024 by Nathan Kondra

Yes! If you are a Canadian citizen residing in another country (commonly known as an 'expat') you can invest with CI Digital Wealth. But there are a few conditions. For our non-resident clients, the minimum account size is $25,000. You need to have a Canadian bank account. Also, you will need to provide some additional electronic documents to verify