Withdrawal fees
Below are the fees and processing times for withdrawing funds from each account type.
Individual Margin Account or Individual Cash Account
|
Withdrawal Method |
Currency |
Processing Time |
Broker Charge |
Bank Charge |
|
EFT (Electronic Funds Transfer) |
CAD & USD
|
Usually 5 business days |
Free
|
Free |
|
Wire Transfer |
CAD & USD |
Usually 4 business days |
Free |
Your bank may charge a transfer fee |
Tax-Free Savings Account (TFSA)
|
Withdrawal Method |
Currency |
Processing Time |
Broker Charge |
Bank Charge |
|
EFT (Electronic Funds Transfer) |
CAD & USD |
Usually 5 business days |
Free |
Free |
|
Wire Transfer |
CAD & USD |
Usually 4 business days |
Free |
Your bank may charge a transfer fee |
Registered Retirement Savings Plan (RRSP) or Spousal Registered Retirement Savings Plan (SRRSP)
|
Withdrawal Method |
Currency |
Processing Time |
Broker Charge |
Bank Charge |
|
EFT (Electronic Funds Transfer) |
CAD |
Usually 5 business days |
Free |
Free |
Note: Withdrawals from an RRSP or a SRRSP are subject to a withholding tax of 10% to 30%. For more information, see Withholding tax on withdrawals from an RRSP account.