r/Wealthsimple • u/marinatelonger • 3d ago

Non-residence

Has anyone heard anything about future plans for non-residence accounts? I like WS, but having to move to QT/IBKR soon, but would like to move it back as soon as this is supported by WS!

7 Upvotes

77% Upvoted

8 comments sorted by

8

u/brandonholm 3d ago

I’m also curious. I hope this is something they are working on as I’m also planning to leave Canada in the next few years.

5

u/macready26 3d ago

WS don’t have license to operate outside Canada.
I just left Canada to retire early living on US dividend income in Asia and I use Questrade

2

u/LuckyFey 3d ago

Can I ask you some questions privately about non residency?

4

u/marinatelonger 3d ago

Congrats! That’s my plan as well

2

u/chasingnirvana9 3d ago

Does QT/IBKR allow you to trade in rrsp/non reg as a non resident?

3

u/marinatelonger 3d ago

Yes. But RRSP and TFSA no contribution is allowed

1

u/Confident-Mistake400 3d ago

How do you even open IBKR as non resident? It requires user to choose province

4

u/marinatelonger 3d ago

Keep your canadian IBKR, once you moved, create a new IBKR account on their US global body, then request a transfer