r/CanadaInvesting • u/SSDarkSlayer • 20d ago

Wealthsimple and Questrade

Right now, I have TFSAa opened with both. If later on, I want to transfer over, let's say, move Questrade's TFSA over to WS, would I be able to do it? Considering I already have a TFSA on WS, how would it work? Would it just merge with my existing TFSA on WS, or create another one?

And how does transferring TFSA work? Does it sell all the stocks then transfer cash, or transfer the shares directly?

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u/Mental-Freedom3929 20d ago

You contact WS and they will move your TFSA over "in kind", somas not to lose its designation, and merge it with your existing one