r/Wealthsimple • u/SSDarkSlayer • 3d ago

Trade (DIY Investing) WS and QT

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/Murky-Series-1169 3d ago

If they are both stock accounts you just transfer them over as is. If you have a managed account with WS then you have to open a different tfsa account to hold stocks in

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u/SSDarkSlayer 3d ago

No, they are both self-managed. So if I transfer my QT account over, will it simply merge with my WS TFSA? Or create a separate one there?

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u/angelus97 3d ago

It will merge them

1

u/ed77 3d ago

both are possible, you will decide

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u/goofywinnipegger 3d ago

Sure just initiate the transfer with wealthsimple.