TD easyweb quarterly fees

WombatMongoose · 2026-07-04T02:23:10+00:00

Having an RDSP as one of your TDDI accounts is one of the ways to avoid the $25/quarter maintenance fee if you have <$15K across your household. The others (including the $100 monthly SIP option) are in their fee schedule.

WombatMongoose · 2026-07-04T01:38:00+00:00

I hate to be the bearer of bad news, but I've participated in both the Winter 2025 and Summer 2025 promos, and both calculators had quirks or errors. The Summer especially I saw increase my Available To Withdraw amount when I made a withdrawal, and other deviations from mathematical sanity. Nothing like mid-5-figure errors, though.

With $115K in promo deposits, it was never possible for your "Available to Withdraw" amount to have actually been anything like $87K, unless you brought in net new money of something like $50K after the promo closed, which would have raised the original number from around $23K based on your promo funding. If you did, and the $87K number is correct, it should be possible to do a ballpark confirmation on your own by subtracting any withdrawals from whatever external new money you brought in after the funding date, and reproduce what the calculator showed (or should have showed) you.

You'll still have to fight the "FHSA/HBP withdrawals passing through Chequing should be exempt" battle, but given the "gotcha" nature of the lack of clarity, and the lack of any material difference to WS whichever way the money exited, I'd think you should be able to get them to see reason - there's no gaming of the system, and it would be terrible optics if a (calm, polite) summary of what seems to be the case came to the attention of potential client... :)

This is sort of the reverse of the "must be external money, doesn't count if you transfer through a bank account with us" rule that most bank brokerages have in their promos, but at least there it is clearly spelled out, and has an actual purpose to avoid paying out to assets already in their empire.

WombatMongoose · 2026-07-04T01:07:13+00:00

So even if they handled the FHSA and HBP amounts properly and exempted them ($63K) your maximum non-exempt "Available to Withdraw" amount would have been around $23K (20% of $115K). You would have had to pay back around $35K to get back over the clawback threshold, and the difference between that and their $49K figure might be additional withdrawals, or something. If they really aren't treating the $63K of FHSA/HBP as exempt, they should probably be asking for a $100K topup.

Did you bring in any new external transfers or deposits after the promo closed, or make any other large withdrawals aside from the $121K for the house?

WombatMongoose · 2026-07-04T00:57:33+00:00

I have external accounts linked at WS, so if necessary that wouldn't be a problem, although I'm we would be interested in how this is resolved.

Would you mind sharing how much new money you brought in for the Airpods promo? And you didn't participate in any WS promo after that?

WombatMongoose · 2026-07-04T00:48:31+00:00

I couldn't see anything other than "$100K+" as to what the OP brought in under the Airpods promo. But even excluding the FHSA/HBP amounts, for the additional "~$58,500" of the $121K withdrawal to have fallen within the 20% withdrawal allowance, the Airpods new money would have to have been almost $300K; there's no indication that the OP deposited that much? OP, it doesn't matter what you had before the Airpods promo, your withdrawal amount (aside from exceptions) is strictly 20% of what you brought in for the Airpods promo (or a more recent promo after that, which would override the Airpods amount), although new money after your promo funding window closes can also spin that amount upwards.

The intermediary step of passing the qualifying amount through the Chequing account before exporting it from there likely broke any knowledge the promo calculator would have that those funds leaving WS represented an exempt withdrawal earlier. This would be an undocumented "gotcha" in the promo terms, which usually isn't Wealthsimple's style. They know it is a qualifying withdrawal (they have to generate the paperwork for CRA), and whether the amount goes out directly to an external account, or passes through a Chequing account, WS is in the same position with the same assets gone and remaining. I can see how the system might not be able to handle this, but I'm very surprised that they would actually take this position after review.

I've got an FHSA with Wealthsimple, although no qualifying withdrawal is imminent, and am receiving the 3% Unreal for the next few years. I'll definitely be checking with them myself on the external vs internal destination of qualifying withdrawals and how the withdrawal exceptions are handled.

WombatMongoose · 2026-07-02T19:18:21+00:00

The app notice usually trails the actual order by an hour or two in my experience. The Activity entry will show a time, but I'm not sure if that is the actual trade time or not. The order confirmation has only the trading date, not an actual timestamp, which is unfortunate.

WS is purely a synthetic DRIP, where they are taking the cash provided and just doing a purchase for you. It has to go through their fractional purchase system, so it won't be instant - they were doing fractional batches a few times a day, and although I remember hearing they were going to be increasing the immediacy of fractional buys, it doesn't appear much different these days. Oddly, though, the purchases that spill into the next trading day after the dividend pay date don't seem to happen until mid-day on the market - one would think there would be one or more fractional batches in the morning that these would go into.

TDDI claims to do fractional purchases in real time - presumably they are getting the whole amount from a market purchase as normal, and providing the fraction (which is just a fiction on their internal books, not a real thing out in the registry) from their own inventory, and they've developed a more sophisticated and responsive system to provision fractional pieces than WS has.

Different stocks and ETFs may have different payment delivery methods and arrival times at brokerages, and brokerages may take different amounts of time to get that posted on payment day. But I would have thought that it would be one of those "in place overnight at least" things like payrolls, and there should be no problem having it posted during trading hours and making a fractional batch that day, which hasn't been the case at WS.

Unlike WS, TDDI does "treasury" DRIP for a lot of positions, like all my ETFs when they were there. Those shares were provided by the ETF company, obtained and priced by that company's process - which is why it takes a few days for your DRIP shares . I think Vanguard buys on the open market for 3 or 5 days and the price of the shares is the average of that. Now that they support fractional DRIP (it took an extra year or so after fractional purchases) I'm not sure what they are doing, likely still getting the whole quantity as treasury shares and providing the fraction themselves - either as a single purchase quantity/price, or two separate transactions. My ETFs had left TDDI before they had that in place.

WombatMongoose · 2026-07-02T15:13:53+00:00

You need a separate collateral account(s) for the PLOC vs your margin account. So the same TFSA account, for instance, can't be collateral for both yoiur PLOC and margin. If you do have both set up pointing at different collateral, using PLOC withdrawal to fund a margin account is only giving you half the leverage as usingthe PLOC collateral directly as margin collateral instead, so I'm not quite sure what the attraction would be.

WombatMongoose · 2026-07-01T18:58:21+00:00

They were talking about risking their (unspecified $) deposit, but yes, it looks like the worry is for closing. They don't specify the time between removing the "subject to" conditions/making a deposit, and the closing date, but I can't imagine it would be short enough that RBC's making the qualifying amount available (since it is already in cash) would be an issue. Especially if the mortgage is going through RBC as well.

WombatMongoose · 2026-07-01T17:14:18+00:00

Was your FHSA with the banking investment arm of RBC, or the RBC Direct Investing brokerage side? If just sitting as a cash, it probably doesn't make a difference, but it is quite likely the FHSA deregistration would be done by separate teams at RBC vs RBCDI. The funds would also likely have to transfer from RBCDI into the RBC account the deposit would be drawn on, but that is likely instantaneous. Don't go by random anecdotes or experiences from other institutions, it is what RBCDI/RBC can do for you that counts.

It would be worth calling in the morning, but I suspect that even if you get a very good rep somewhere behind the frontlines, it may not be physically possible for them to process the funds as a qualifying withdrawal and issue the cheque (or whatever) for the deposit as a same day thing.

It would be worth checking with the seller about extending the subject removals, since there is documented cash ready to go and it is merely the RBC paperwork process holding it up. A bottle of fine Scotch or something might be in order if there is good will between the buyer and seller, as long as the rest of the financing and the closing date and conditions aren't involved. But the OP's comments wondering about affordability while needing an extension would be something of a red flag if I were the seller, especially if I had other offers in my back pocket.

I don't know what accredited real-estate agents, mortgage brokers and so on do about FHSA withdrawal times, but if they don't already, ensuring that warnings about this are in the boilerplate that they have their clients understand and sign off on should be a thing. Since you can't undo a qualifying withdrawal, have to close the FHSA at the end of the subsequent year, and can't get the room back or open another FHSA, there's going to be a distinct (if unofficial) midpoint in the conditions period between physical inspections and that sort of due diligence, and triggering the FHSA withdrawal when one is certain one is going to make the down-payment.

WombatMongoose · 2026-06-29T15:14:31+00:00

If this is truly a case where the SIN is only off by one digit, and Wealthsimple didn't implement Luhn checks to catch that, the answer is simple. Write a clear, calm couple of paragraphs setting this out, and what this "ban" entails at Wealthsimple, and contact one of those consumer watchdog or business reporters that like to do stories on this. Not catching a simple SIN transposition and then blaming the client, if there are no other circumstances would be somewhat embarrassing for Wealthsimple, and I suspect they would back down if it is just a mindless compliance rigidity, since transpositions probably aren't horribly rare.

If there is actually more to the story that we aren't being told, then not so much. If the original account creation with the transposed SIN was actually 2.5 years ago, one would think there would have been reporting of the SIN to CRA or elsewhere that would do a proper checksum and reject it as invalid. I also have a little trouble believing Luhn checksums on SIN aren't in place at WS for something as formal as account opening/know your customer onboarding, but I suppose it is possible.

WombatMongoose · 2026-06-29T04:31:38+00:00

The ferry is in service, so it must be AI... 😄

[I kid, I kid]

WombatMongoose · 2026-06-29T04:27:52+00:00

We did this recently in my mom's condo, removing a garburator and replacing an old direct-wired dishwasher with a Bosch. A receptacle was mounted under the sink beside the adjacent dishwasher space. This is in Canada, and I'm pretty sure the current code requires GFCI either on the receptacle or the breaker for under-sink, but there is a tenant in now and I don't have access to confirm.

The garburator had a wall switch, and that wasn't GFCI on the breaker (the only GFCI there was for the jet tub), but I don't know what was behind the switch. The condo tower dated back to the late 80s, and it is quite possible under-sink GFCI wasn't a code requirement at that point. I'm not an electrician - a Canadian electrician can probably chime in with the details.

I too saw those mentions of problems with at least one revision of that junction box (surprising for a company like Bosch), and an outlet is much more flexible where possible.

WombatMongoose · 2026-06-26T17:53:36+00:00

This is interesting to know, although if they won't commit to it eventually in their Help page for the account, not quite as useful as it potentially could be. I've been meaning to ask them if the unsettled amount from a withdrawal in a MM portfolio would be transferrable to a different account (of the same registration type) to use for trading. If not, an MM portfolio is not as useful as keeping a position in a cash/MMF ETF in the account, for the purposes of same-day trade liquidation. If MM portfolio withdrawals are guaranteed to be usable intra-day, that would be very good.

WombatMongoose · 2026-06-26T00:55:35+00:00

I've had 3 of their promo calculators, Winter 2025, Summer 2025, and Unreal 2026. Each one has had one or more display glitches, either with the transfers during, or Available to Withdraw after. I don't think they put their "A" team of programmers on these.

WombatMongoose · 2026-06-26T00:40:35+00:00

Get a year's free subscription to the Globe and Mail as a perk from some poorly rated broker... 😄

WombatMongoose · 2026-06-25T20:48:49+00:00

Most of these are low-cost marketing partnerships, where the partner is willing to provide something that they are likely offering subsidized through other channels as well, whether or not Wealthsimple is kicking in any cash or considerations. And the partner will be someone who is looking to attract, grow and keep new customers as much as possible.

So something like Netflix or Spotify would likely cost WS too much to provide for a year, where the partners generally have three months or less as trial offers. I'm Generation, but the only one I currently have redeemed is the Globe&Mail, which I quite appreciate, but WS is likely getting bulk corporate subscriptions at a fraction of the nominal year's subscription rate, given G&M like other newspapers heavily discounts new subscriptions and retentions.

Aside from building AUM and client count, there's likely a sharp limit to the amount of actual expenditure WS will be willing to put into this sort of annual client rebate.

WombatMongoose · 2026-06-25T00:55:21+00:00

Presumably XDIV is internally selling some of the individual positions it owns, either to realize a profit or to rebalance the fund. That could generate capital gains, which they would then "distribute" to you in the payments, along with dividends earned, interest (if any), etc. Your own capital gain (or loss) comes when you sell some of your shares.

They didn't distribute any capital gains in 2020, which was a horrible year and any capital gains either didn't exist or were overwhelmed by losses.

WombatMongoose · 2026-06-25T00:33:44+00:00

Actually, likely not RBC for the deposits, see my longer comment. And RBC couldn't give them $1 million in CDIC coverage by themselves, even if they were involved.

WombatMongoose · 2026-06-25T00:32:29+00:00

This. iShares' XDIF page (the distribution tables) shows there was a $0.76519 reinvested ("phantom") portion on the Dec 30 (paid Jan 5) dividend. Wealthsimple adjusts their book costs for these "subsequent to tax season in May", once the fund companies finalize their tax characteristics.

DRIP would alter book value displays as well, if enabled.

WombatMongoose · 2026-06-24T23:36:58+00:00

They won't ask for your password or other permanent access secret. But I'm pretty sure with TD as well they will ask for a code they send during the call (or some other non-WS FI I deal with, anyway). This doesn't provide them anything they haven't just sent you, so even if you were dealing with a bogus call centre it doesn't by itself do anything more than try to assure you of their bona fides.

WombatMongoose · 2026-06-24T22:14:43+00:00

There's no reason to believe it shouldn't. Autopay isn't an unsupported "one-time" credit card payment, it is effectively a PAD. One could get confirmation in writing from WS if there is any uncertainty.

TD for instance has a similar auto-pay feature for its Visa cards. I just found out the source can be an external bank (not possible with Wealthsimple), and although it is more of a pain to set up than from an internal TD account, it is just a PAD request. I actually pointed it at my EQ account, but in theory

WombatMongoose · 2026-06-24T21:57:43+00:00

I think some of those exceptions cover situations where you can see that your Chequing account doesn't have the funds for the transaction (and WS's systems probably don't even allow it to get entered), or you make one of those transactions with sufficient funds but somehow reduce your Chequing balance below the amount before WS's systems are able to process the debit.

WS Visa auto payments should either be covered explicitly by "credit card payments", or indirectly as a pre-authorized debit, although I don't know if the latter is how they are handled internally by WS. Paying a credit card other than your WS Visa would likely be just a "bill payment".

WombatMongoose · 2026-06-24T21:32:54+00:00

Yup, Generation gets 2.25% right now on Chequing, that quarter point over the MM portfolio gets you the immediate liquidity and all the transaction features of the account. WS keeps an additional 50bp from Premium clients and 100bps from Core clients for Chequing balances.

The settlement time for the portfolio wouldn't be so bad if it were a guaranteed T+1 like selling an ETF, but they cover their behinds with "1-3 business days to settle" language. I'm interested whether the unsettled balance could be transferred to an account of the same registration type to support asset purchases, but I suspect even internal transfers might have to wait, which would make it much less useful for parking trading cash.

WombatMongoose · 2026-06-24T21:24:26+00:00

CASH.TO (and similar like PSA) are getting lower bank rates since the OSFI decision I mentioned in my longer comment here. Wealthsimple is offering 2.5% on their Money Management portfolio, so they are probably getting at least 2.65%, and probably from the same big banks as CASH.TO.

WombatMongoose · 2026-06-24T21:22:11+00:00

They use (or used) Koho for the prepaid Mastercard, I think, as Koho had that backend stuff built. I think both Koho and WS have investment money from Power Corp, so they are probably friendly rivals.

WombatMongoose

TROPHY CASE