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    Td tfsa vs wealthsimple. 75), and Wealthsimple reimbursed the fee ($86.

    Td tfsa vs wealthsimple Wealthsimple Trade 1. TD Direct Investing is owned by the Toronto-Dominion Bank and gives you the confidence of investing with the second-largest Canadian bank by asset size, while Wealthsimple Trade is op I have a TD bank account and a TFSA account. It is withdrawn from your TFSA bank account with Desjardin, because that money left that account. Registered Education Savings Plan (RESP) Non-registered account; Home. Wealthsimple is for those new to investing and want someone to take care of their portfolio for them. Jan 13, 2022 · Considering the features, benefits, and drawbacks of both platforms, Wealthsimple Trade comes out as the clear winner vs. This guide will highlight what each company offers and which one may be a better option depending on what your needs are. There isn’t a minimum investment, but there are currently only tax-free savings account and non-registered accounts available. e. Wealthsimple Save: This is its high-interest savings account. Wealthsimple comparison covers their product offerings, pros, cons, fees, and everything else you need to choose between them. These features Oct 31, 2017 · Registered Retirement Savings Plan (RRSP) Tax-Free Savings Account (TFSA) Locked-In Retirement Account (LIRA) Education. 00% interest rate and lack of minimum deposit requirements and monthly maintenance fees. A GIC is also an option but I don't know all that much about them (yet I have about 15k parked into their High interest TFSA Savings account which I think gets me $7 per month in interest. Wealthsimple Tax: Formerly known as Simple Tax, this product is useful for filing your annual tax return. Be sure to keep track of overall, total, contributions to your TFSA account(s) as there are limits. But the branding TD Easy Trade - fees for ETFs except no fee for TD ETFs, no fees for stock trades, no min balance, can link to my TD account. (keep in mind my investing knowledge is pretty low, so it's best to explain things to me like I know nothing). Wealthsimple vs Tangerine: Investing Wealthsimple Investment Services Dec 20, 2023 · If you’ve been searching for the best rated discount brokerages in Canada, it’s likely that the Wealthsimple vs. Within that you can have a savings account, stocks, bonds, mutual funds etc. You could open up a TD direct TFSA as well, with your balance you would only be charged a 10$ fee per trade, which depending on how you invest may or may not be a dealbreaker. You can get lower fee options with TD with a self-directed trading account, or by buying e-series funds. Wealthsimple is ideal for beginners seeking simplicity and low-cost entry into the market. With several million users between the two platforms, let’s see how they stack up against each other in the Canadian investing industry. 9. I opened a tfsa with TD when I turned 18 also but since majority of my trading there is long term/ dividend I rarely sell so the commission doesn’t bother me so much but with that being said I’ve read a lot of good things about Wealthsimple and I’m considering opening one up through them. I've been with both TD and Wealthsimple and have been really happy with Wealthsimple. 99 commission, so buying ETF's and stocks can be pricey so that's why usually it's for people with larger portfolios. A GIC is a commitment from your bank that you will keep your money locked with them for a term (you choose the term) and get a higher interest rate. Wealthsimple is probably the most common option. TFSA is the overall umbrella term for the registration of the account. Qtrade debate has popped up on your radar quite a few times. 5% conversion fee is pure poop garbage. 25) back into my TFSA on June 11th. 9%. Both platforms support the most used registered and non-registered investment account types. How a Robo-Advisor Can Help I have about $2700 saved up in a TD Comfort Balance TFSA Mutual Fund over the past couple years. One thing I am nervous about is tracking the purchases for tax reporting purposes. Interactive brokers offer multiple account types, including Hedge & Mutual fund accounts, money manager accounts, small business accounts, family office, compliance officers, advisor accounts, proprietary trading groups, and broker & FCM accounts I have a TD direct investing TFSA as well as a recently opened wealthsimple trade account. TD recently revised their asset allocation ETFs (eg. Mar 15, 2023 · In that sense, robo-advisors like Wealthsimple let you build a portfolio on auto-pilot. I want to start putting some money into US stocks soon, and Wealthsimple's 1. I have invested in TD monthly income fund. They have different funding requirements, benefits, drawbacks, and notably different risk profiles, so it’s important to understand their nuances before selecting which one makes sense for you. 00 per contract depending on your Wealthsimple account level: Fees: ETFs: No Fees to buy. I recently got a Wealthsimple account where I've dipped a toe in with VFV, XEQT, & CP. Spousal RRSP; More accounts. But there's a couple others that I use that I find are pretty good. I've been told that Mutual Funds are not ideal due to fees you pay, etc. Business Insider, CBC, MSN, Wealthsimple Jan 13, 2025 · The TFSA is a useful investment tool to avoid paying taxes on investment returns. Crypto Oct 25, 2024 · Wealthsimple Cash account deposits are held at banks that are members of the Canada Deposit Insurance Corporation (CDIC). 75), and Wealthsimple reimbursed the fee ($86. Both platforms offer a full suite of investment options for Canadian investors. It offers commission-free trades, plenty of promotions and discounts, excellent customer support, and it doesn’t charge any account fees. 99$ commission. Depending on what your bank offers and the fees they charge, it might be more beneficial to do your investing with Wealthsimple (no commission fees on Canadian stocks was the selling point for me). If you prefer to hold cash in your TFSA, you should look for a high-interest TFSA account. Your money is in a High Interest Savings Account as a TFSA. Based on my research, I'm leaning towards opening a Questrade or IKBR account. Aug 23, 2024 · Wealthsimple TFSA Account. The company is known for its user-friendly interface, robo-advisor services, trading platform, and its high-interest savings accounts. That money never "left" the TFSA, so it won't affect your contribution room. Wealthsimple; TFSA vs. Questrade does not charge commissions when you purchase ETFs. However it went straight from one bank's TFSA account to another bank's TFSA account. See full list on savvynewcanadians. Wealthsimple Save. So you can avoid the spread on conversion rate by holding in a TD charges trading fees unless you use their EasyTrade service to buy their own ETFs. robo-advisor) and self-directed (i. 19% vs 11. I would say WS Trade would be better with buying/selling ETFs. TD direct investing (think low fee e-series mutual funds) or ETFs through WealthSimple Trade are both solid choices. If you did take your money out cash, then it would affect your contribution room. Whereas if I swapped to Wealthsimple I would be making about $30 per year for every $1000 I keep in the account, and I would also be saving the $17 per month in fees. $4. more risk). If you hold it in a CAD TFSA, the US dividend will be converted to CAD at TD's conversion rate. Wealthsimple is offering me an iPhone 15 if I make a deposit of 100k+. Dec 3, 2024 · Instead of stressing with a calculator or calling your accountant, you can figure out which tax-sheltered account is best for you — FHSA, RRSP, or TFSA — with this very simple (and fun!) flow chart. Jan 7, 2024 · Wealthsimple Invest is Wealthsimple’s automated investment product and is a much more hands-off style of investing, which most people love. I just opened a new TFSA with wealthsimple and want to transfer $ out of a cash (no investment) TD TFSA. Feb 27, 2025 · The EQ Bank TFSA stands out as the best tax-free savings account in Canada, thanks to its 2. If you withdraw the money yourself to move to a new institution, which is called an ‘indirect transfer’, the government considers that a TFSA withdrawal, and that impacts the May 31, 2023 · Wealthsimple Trade offers three account types, including TFSA, RRSP, and taxable personal accounts. Wealthsimple Trade is an independent online broker that offers commission-free trading, while CIBC Investor’s Edge is owned by a big bank and levies flat fees on trades. com Your TD High Interest TFSA is earning just that, interest. Are there any pitfalls with using Wealthsimple or Questrade with respect to this? (e. Personally this is not how I invest so this was annoying for me. While Wealthsimple Trade offers only 3 account types, Scotia iTrade offers over 8 investment accounts. Questrade and Scotia iTrade registered accounts include: Tax-Free Savings Account (TFSA) Registered Retirement Savings Plan (RRSP) Sep 28, 2024 · Justwealth and Wealthsimple are the #1 and #2 options on our newly-updated best robo advisors in Canada for 2025 list. TD Easy Trade You have the choice of a cash account, TFSA or RRSP, and you can open one or more of these account types with a single application. $9. Wealthsimple portfolios: Take advantage of the Wealthsimple robo-advisor platform and start investing with expertly customized and managed portfolios. But not sure how to get started. Wealthsimple does not have an account fee I am 30 years old. 64% at Wealthsimple (0. Mar 4, 2025 · EQ Bank Tax-Free Savings Account (TFSA) GIC Rates TD’s TFSA GIC rates range from 3. 11. I just moved to WealthSimple from CIBC Investor's Edge. 5% to convert anyway). Simplii vs. WealthOne Bank of Canada TFSA. Also, they will reimburse you any fees from moving your TFSA and RRSP accounts. Feb 21, 2025 · Wealthsimple vs. My switching experience. Their invest platform sucks, but if you open a trading account you can buy equity and not pay fees. Wealthsimple Trade Questrade and Wealthsimple are Canadian investment platforms, and both offer useful investing products and services. 99 commission platform instead? TD Direct Investing is good for larger portfolios. For registered accounts, Questrade and TD Direct Investing offer: Tax-Free Savings Account (TFSA) Registered Retirement Savings Plan (RRSP) Registered Retirement Income Fund (RRIF) I have a TFSA through my bank that I plan to switch to Wealthsimple soon. I personally like TD because I can just open a US account and deposit my USD directly Currently there isn't a way to transfer between Wealthsimple accounts. Related Post: How To Build A Diversified Investment Portfolio (3 Quick & Easy Ways) TD GoalAssist vs Questrade vs WealthSimple Trade Sep 17, 2024 · Questrade vs Scotia iTrade: Account Types. I think the other commenter was saying that EQ Bank has a higher interest rate (2%) vs. Also TD took the transfer fee out of my Chequing Account June 5th ($78. What this means is that CDIC protects your funds up to a limit should the banks become insolvent. I've also opened a Wealthsimple cash account recently that I've been funneling a lot of my savings into. One exception to this is when you make a USD trade; you pay a 1. Jun 18, 2024 · Since the account was launched in 2023, many financial institutions like Questrade, Wealthsimple, TD, and RBC have been working on offering it to their clients. With the 4% interest on the cash account, it sounds like the best option but it is taxable. Also you can also access TD E-Series low MER mutual funds via TD Direct Investing if you want to stick with Mutual funds that are free to buy/sell. 5% bonus jumps from the base interest rate. 14%) for a standard Aug 24, 2024 · $0. Jul 6, 2023 · Online brokerage comparison: Questrade vs. Feb 10, 2025 · Margin accounts and cash accounts are two types of non-registered accounts that allow investors to access the markets. Both Questrade and Scotia iTrade offer access to registered, non-registered and non-personal accounts for investment. The majority of the funds are in CAD, but I also hold some funds in USD. But if you’re someone who wants to manage your entire portfolio yourself by buying and selling individual stocks (or ETFs), then you should set up an account with Wealthsimple’s direct investing platform, Wealthsimple Trade. Wealthsimple Smart Savings was Wealthsimple’s first savings product. A TFSA is a registered tax-free account that can hold many types of investments, including savings. First I had to open self-directed RRSP and TFSA accounts with Wealthsimple. Jul 31, 2024 · Wealthsimple Trade is an app-based platform that allows individuals to buy and sell stocks and ETFs without commission fees. Wealthsimple Trade: Security Nov 1, 2024 · Wealthsimple Trade vs BMO Investorline. The transfer fee is $75 but instead of transferring can I just move the $ to my TD chequing account and move it from there as an etransfer? Jan 21, 2025 · The Tax-Free Savings Account (TFSA) program was introduced by the Canadian government in the 2008 Federal Budget. A mutual fund portfolio that was sold to you by an adviser at the branch It's hard to say because you're paying high fees for those and no guarantee it'll be worth it. 00 per trade, which requires a minimum of 150 trades per quarter. Wealthsimple FHSA Account. 75 to $2. If you switch to a Wealthsimple TFSA, that means you're either using their robo advisor to invest in ETFs for you, or their brokerage to invest in ETFs yourself. . 5% over 100k. Socially responsible investing and Halal options are also available. However, with a bank tfsa you could probably withdraw that money faster when putting money back in your original account in that same bank. They are both good options for DIY investors looking for an easy to use and low-cost way to invest, but they definitely have some major differences you’ll want to know about before deciding which one is best for you Mar 4, 2025 · Questrade Tax-Free Savings Account. Because Wealthsimple Trade can’t hold TD e-series mutual funds, you must sell them and transfer everything in I have a TFSA with TD and want to invest that money as I've been told its smarter to invest this money since you don't get taxed on it. It also Also TD took the transfer fee out of my Chequing Account June 5th ($78. IIRC you can’t directly deposit USD at they charge insane on the exchange fee. Feb 10, 2025 · Comparing yearly performance, Questwealth greatly outperformed Wealthsimple in 2014 (with a return of 9. Jan 29, 2025 · Scotia iTRADE vs. I have a TFSA with a diff bank but not much like 8k and considering opening a TFSA at WealthSimple. I was wondering if the TFSA option that appears in Wealthsimple is different from the TFSA that I have with TD as I don't want to open 2 TFSAs by mistake. approximately 0. Jan 10, 2022 · Wealthsimple TFSA vs Personal Account Example – If you invest $1,000 into your TFSA account and $1,000 into your personal account. I am thinking of going through with this offer, I just want to make sure I am not missing something. Yeah it was 5am didn’t sleep my bad LMFAO simple solutions like that are too much for me. You can choose from a conservative, balanced, or growth portfolio. I buy the same stocks (ETF) once per month per account and pay the 9. Canadians can now open a Wealthsimple FHSA account. 2015 to 2020 didn’t have any years of huge difference, with Wealthsimple having a slight edge in several of those years. Also forgot to include WealthSimple makes their money by screwing you on USD exchange. 95 per trade to sell ETFs: No Fees: Currency Conversion Fee: 1. The TFSA is not maxed out and am not worried about contribution rates. Jan 10, 2025 · In this Wealthsimple Trade vs TD Direct Investing comparison, we’ve taken the key highlights from our full reviews and line them up side-by-side. CIBC charges $100 to transfer a TFSA to another brokerage, I believe wealth simple reimbursement is only for balances over 10k but I could be wrong if you don't have the fee paid by wealthsimple, I would recommend checking your contribution room for your TFSA it depends what year you turned 18 if you were 18 on dec31 2020 you would get the There is no difference, other than TD charging $10 for the transaction while Wealthsimple does it for free, which shouldn't be an issue if you're doing that once a year. Peoples Trust Tax-Free Savings Account. CIBC Investor's Edge does most of what TD does, and the trades cost less than TD (I think it's around$7 at the highest). 5%: Account Types: All registered and non-registered accounts including RESP, RRSP, TFSA, FHSA: RESP, RRSP, TFSA, and non-registered accounts: Account Minimum: $1,000 for I use both a wealthsimple TFSA and use TFSA GICs (I have non-registered both as well), I tend to operate a bit more conservatively than some here. Savings Account. 15%), is there any advantage to opening a tfsa with my bank as opposed to wealthsimple if only buying cad stocks? Nope. Wealthsimple allows you to purchase stocks/mutual funds and ETFs I believe within your TFSA, TD has a wide range of options from self directed investing to a simple savings account based on your plans for the funds. Wealthsimple Trade accounts include: Tax-Free Savings Accounts (TFSA) Registered Retirement Savings (RRSP) Feb 7, 2025 · Wealthsimple also offers RESP and TFSA investment accounts. But even if you need the money for retirement, a TFSA might still make sense — especially if you’re making less than $50,000. Money genius has a good reviewof most of their features. Wealthsimple Wealthsimple is Canada’s largest robo-advisor, but it also offers commission-free stock and ETF trades through its self-directed investing platform. Wealthsimple doesn't offer mutual funds, so the best way to go about it is just stick with DI and sell your funds once yearly to buy ETFs Wealthsimple pays for the transfer fee, which is great especially if you are transferring from a big 5 bank. $0 at is there any advantage to opening a tfsa with my bank as opposed to wealthsimple if only buying cad stocks? Nope. Currently hold 75k in TFSA CAD, 10k TFSA USD, 64k RRSP, 15k Cash between TD Chequing and saving account making no interest. TD was meh, although I wasn't doing self-directed with them, so my stuff was high-fee bullshit. Jan 13, 2025 · Questrade vs. Dec 26, 2024 · The question was why Wealthsimple over a traditional bank, and the answer is the trading and admin fees are much lower on Wealthsimple than a TFSA with a major bank like TD. It provides an opportunity for any resident of Canada (including foreign students, Workers, and Permanent Residents) over the age of 18 to save and invest tax-free. Outlook Financial Tax-Free Savings Account. Dec 7, 2024 · Note: Wealthsimple had an iPhone 15 & 15 Pro transfer bonus last year but since I’m not an iPhone user, it wasn’t as enticing as a cash transfer bonus). What is a TFSA? The tax-free savings account was introduced by the Federal Government in 2009 and can be used to save and invest for various purposes, including retirement. The platform supports both managed (i. No fees on trades, no charging $100 a year per account, no waiting on the phone for 3 hrs just to be able to talk to someone and best of all, 4% interest on all cash accounts under 100k and 4. You will have to transfer the money back to your TD account first. Because Wealthsimple is more of a tech-first company, and Justwealth is more of an investing-first company, the Wealthsimple vs Justwealth battle comes down to what you most highly prioritize in your robo advisor. Algonquin is one example. I was a bit concerned about this as my TFSA is maxed, but the Wealthsimple email says it won't affect my contribution room. Nov 1, 2024 · Wealthsimple Plus: A premium service that gives you access to real-time access to market data, zero FX fees on US trades, unlimited price alerts, and up to $5,000 instant deposits. Chequing account Registered savings account-New; Shared accounts. Wealthsimple, a popular online investment platform, offers a wide range of investment options for both beginners and experienced investors. I'm currently using TD Direct Investing for my TFSA and my daughter RESP. If you hold stock in those companies in a USD TFSA, the dividend will be paid and remain in USD. WealthSimple is probably better technically, but I like having all my banking in one place, and the 10$ trade fee doesn't affect me much as I don't deal in a lot of volume. brokerage) FHSAs. Nov 12, 2024 · Yes, no ISA availability (also no mutual funds or GICs) from Wealthsimple. Jan 31, 2025 · Wealthsimple offers up to 6 account types, namely TFSA, RESP, RRSP, Spousal RRSP, LIRA, and non-registered accounts. Good for you on starting early. Oct 21, 2024 · TD Direct Investing and Wealthsimple are among the best and most popular self-directed brokerage platforms in Canada. Wealthsimple Cash vs. Should I be switching to WST? Transferring my TFSA, RRSP, Savings/cash account for the interest gain? Is WST safe? I’m I missing out on interest/advantages by still staying with TD? Sep 17, 2024 · Questrade vs. WealthSimple would be better if you want fee-free trades in CAD. Congrats on the spawn. IBKR is even lower on fees including options trading, but is recommended for advanced users only, and people should research what type of trading is allowable in a TFSA. vs. Piggybacking to learn as I'm also in the same space as OP in terms of able to invest now and wanting to max out TFSA, before maxing out RRSP. Wealthsimple vs RBC InvestEase: ETFs used RBC InvestEase offers the most comprehensive ETFs in Canada, and your portfolio is diversified with up to 150 index ETFs. 99 per trade or Active Trading for $7. TD Direct Investing. Wealthsimple Trade has no fees for buying and selling stocks and ETFs. "TFSA" is an account designation, so you can open up a TFSA account with TD, and another TFSA account with Wealthsimple. Also, I should point out right off the bat that both Wealthsimple is only 2% atm, after reading some stuff here I opened an account with them and moved my savings into their account, I have so much more to learn and I am also a TD customer sick of the 15$ a month chequing fee and completely clueless as to what my rrsp and tfsa are doing. Overall, switching from TD and Questrade to Wealthsimple Trade was very straightforward. I've had 2 TD mutual fund (TD Dividend Income & TD Comfort Growth portfolio) for years and haven't really done anything with it other than deposit $150 into each biweekly, currently there is about 40K in these accounts. A Wealthsimple TFSA account lets you invest your annual TFSA contribution limit using a portfolio that matches your investment needs and risk tolerance. TD Direct Investing: Investment Accounts. Wealthsimple Trade vs BMO Investorline: Investing Products. Jan 1, 2024 · How to Open a Wealthsimple TFSA Account. So I'm basically losing $10 per month to keep my money at TD. For Wealthsimple Invest, you’ll be asked a series of questions to establish your risk tolerance, investment knowledge, time horizon and past investment experience. Mar 3, 2025 · This is common if you’re holding mutual funds and transferring the money to a discount broker. A TFSA might be a good option for you if you have savings goals that require a withdrawal any time before retirement. Whether you’re opening a Wealthsimple Trade TFSA or Wealthsimple Invest TFSA, the process is simple and completely online. Dec 3, 2021 · Wealthsimple Cash: This is a free peer-to-peer money transfer service that also includes a Visa prepaid card. I don't pay maintenance fees each quarter since I hold more than 15k$. The main difference between a traditional TFSA and a high-interest TFSA is in the rates being offered. While Neo Financial and Wealthsimple offer some similar services, they are vastly different in many areas. $0 at Jan 1, 2020 · It also has a trading platform called Wealthsimple Trade, which offers commission-free stock and ETF trading. Also, Wealthsimple and Questwealth Portfolios have more account types including RESP, RRIF, Margin accounts and so on. Neo Financial vs. 50% currency conversion fee (exchange rate fees are typical for brokerages). Wealthsimple. Two tiers of accounts are available: Standard Trading for $9. 5% in management fees + MER fee of 0. Suppose after one year they both are worth $3,000 each and you decide to sell the investments and withdraw the money. First Home Savings Account (FHSA) Spend & save. I'm not a fan of paying $10/month for Plus either (which you still have to pay 1. But if you are looking at $100K with them, and are willing to give them your paycheque or $2000 in direct deposits some other way, you can get both of the 0. Aug 23, 2023 · This article will explore the key differences between a Tax-Free Savings Account (TFSA) and a Personal Account on Wealthsimple. Dec 3, 2024 · Direct vs Indirect TFSA transfers It’s important to have your TFSA transfer initiated by a financial institution through what’s called a ‘direct transfer’. 10. Here are the steps: Sep 9, 2024 · Wealthsimple Trade vs Scotia iTrade: Investment Accounts. There is no MER. TD Easy Trade - fees for ETFs except no fee for TD ETFs, no fees for stock trades, no min balance, can link to my TD account. do they provide good documentation? is it accurate?) Jul 25, 2024 · TFSA vs. For example, imagine you’re transferring your TFSA from TD to Wealthsimple Trade and you hold TD e-series mutual funds in your TD TFSA. Trading Fees. 4 days ago · Questrade vs. 25% for 1-5 year terms. g. Both brokers offer almost similar accounts. I would do wealthsimple if you want to trade canadian etfs or stocks. But now, I want to maximize the returns (i. Should I continue with other TD products or look outside? I keep hearing that I should invest in ETFs instead of mutual funds because of low fees. Qtrade vs. TD has a $9. In fact there's a good chance you'll end up worse off than Sep 7, 2023 · Wealthsimple vs Tangerine Comparison. Users can invest in the Feb 15, 2024 · Savings account (Wealthsimple Save) Neo Financial vs Wealthsimple. I know there’s no commission fees for Canadian stocks on wealthsimple, however do you think it’s more worth to trade American stocks on wealthsimple or on TD’s $9. Wealthsimple doesn't offer mutual funds, so the best way to go about it is just stick with DI and sell your funds once yearly to buy ETFs Sep 28, 2024 · Justwealth and Wealthsimple are the #1 and #2 options on our newly-updated best robo advisors in Canada for 2025 list. Wealthsimple TFSA vs TD bank or traditional banks Basically I’m trying to convince my sister to max out her tfsa is Wealthsimple better than a traditional bank like td in terms of fees and in terms of growth do they differ as well if you choose a similar portfolio or risk balance ? I switched from TD DI to Wealthsimple a month ago for the following reasons: TD DI TFSA has a quarterly account fee (wild in this day and age) which can only be waived if you deposit $100 every month. Scotia iTrade offers more investment accounts than Wealthsimple Trade. RRSP; Options include big banks like TD and BMO or online platforms such as Wealthsimple and Questrade. 75%: 1. And I have another TFSA with Wealthsimple Trade where I invest in stocks and ETFs. Feb 17, 2024 · TD Direct Investing is an all-access brokerage that offers stocks, ETFs, mutual funds, options, and fixed-income assets. Wealthsimple: Savings Dec 17, 2024 · This Simplii vs. Winner: Wealthsimple. Below, I will elaborate on the service each company provides and which one may be a better option based on what you are looking for. Some Canadian-domiciled companies pay dividends in US dollars. While both Wealthsimple and Tangerine offer some similar services, they differ in some areas. This guide compares both financial institutions and what you can expect for everyday banking services, including: Chequing accounts; Savings accounts; Investments; Money Transfers Sep 2, 2024 · Wealthsimple Trade and CIBC Investor’s Edge are among the best online brokerages that offer top stock trading apps and platforms in Canada. 36%). 99 per trade at big banks vs. 00% to 3. However, depending on how the estate of the account holder is set up, there may be tax implications on income earned on TFSA funds after the account holder dies. Wealthsimple Cash which earns at 0. TGRO or TBAL) and one of them would be a good choice if you want to build a low cost, globally diversified, risk appropriate, index tracking, "couch potato" portfolio. In 2021, Questwealth outperformed Wealthsimple by quite a lot (16. You’ll get a clear picture of how these platforms differ, from fees to features, and which one aligns best with your needs. I hold a TFSA, RRSP, locked RRSP and Margin account with Questrade. 24% vs 0. I'm trying to determine if it's better to keep the TFSA with the bank or move it to Wealthsimple as well. wbvbv ixvc zoynmm oxe birjma syuya hfddi jav ftaodyt zxajrh cmgnxs qex htgpt kdvmglv luox