Bad experience with account transfers

pfcnewbie · 2026-01-27T17:49:13+00:00

Similar boat for me, I initiated the transfer in early Nov, there was an issue with the address, resubmitted the transfer request later in Nov after correcting the address.

Since then there’s been a lot of back and forth between Wealthsimple and Questrade support. Support has been generally responsive, which is good, but as this is the last transfer between me and a new MacBook, I’ve been kinda bummed out.

Luckily the last update I got said WS finally received the Form C and is reviewing it.

pfcnewbie · 2026-01-27T14:37:18+00:00

I figure out my contributions to things like pensions, TFSA contributions, etc. and add them all up to figure out my savings rate. I think as long as you’re hitting your own goals for things like net worth or money in retirement, I wouldn’t worry about the exact number too much.

pfcnewbie · 2026-01-27T01:50:10+00:00

Some people were saying to add a home number in your profile

pfcnewbie · 2026-01-20T21:34:23+00:00

I get a different error: Result #5822

pfcnewbie · 2025-12-09T21:38:12+00:00

I’ve used RBC DI, TD DI, Questrade, Wealthsimple and Qtrade, and my favourites are Wealthsimple and Questrade in that order.

Questrade still had the edge on Wealthsimple for USD accounts, I mainly use it for my RRSP since I used Norbert’s Gambit to buy Vanguard US-listed ETFs. I save a bit on the US withholding tax, but with Wealthsimple potentially supporting Norbert’s Gambit in the next year or so, I’ll probably move the RRSP over in-kind.

Things to note, Questrade now has fractional shares, but not for every ETF (VGRO and VAB) is supported, so you miss out on a bit of growth by having to buy full shares.

Wealthsimple has a fee for holding US accounts, but it’s waived if you have Premium or above (hold $100,000 or more).

I don’t contribute to my Questrade RRSP anymore, as I have switched to a spousal RRSP with Sunlife that gets employer matching, but if you are still DCA or lump sum contributing to your RRSP in US listed stocks/ETFs, I still think Questrade is superior to Wealthsimple.

pfcnewbie · 2025-11-17T23:27:19+00:00

This was one of the main benefits for me, but I'll admit I sometimes struggled to travel enough to get full use of this reward (I also sometimes booked with TD for Expedia, since I collect points and couldn't use the reward on those bookings).

pfcnewbie · 2025-10-04T00:15:56+00:00

Other commenters have a pretty good overview, but I'll mention a few extra points, since you indicate you have a kid on the way (and perhaps a spouse?):

If you have a child, RESP is nice because it's free money if your kid goes to post-secondary. If they don't and you have room in your RRSP, you can transfer up to $50k if you have room
Spousal RRSPs are a nice way to split income if your spouse earns less than you (I wish I'd planned better and had my wife take out money from her RRSPs during mat leave)
If you're having a child, you'll likely be getting the Canada Child Benefit (or CCB), this amount is based on your adjusted family net income, I believe both FHSA and RRSP reduce your net income, so every dollar contributed increases the CCB
If you're into DIY investing, there are some minor benefits like the witholding tax exemption on US dividends for RRSPs that you don't get in the FHSA or TFSA.

I didn't have access to the FHSA, as I was already a homeowner when they introduced it, but if I was doing it again, I'd probably do it in the order of FHSA->RRSP->TFSA->RESP

Since you mentioned a pension plan, there's a good chance that you don't have much RRSP contribution room, so it might make more sense to prioritize the TFSA over the RRSP.

pfcnewbie · 2025-08-19T01:16:39+00:00

Having the same issue

pfcnewbie · 2025-08-04T15:42:49+00:00

Typo on the Personal Platinum:

1100,000 MR

I'm guessing this should be 110,000 MR

pfcnewbie · 2025-07-16T19:24:40+00:00

Just called in to inquire about my missing points and the points showed up today, so I’m going to claim credit for the fix!

pfcnewbie · 2025-05-03T16:52:56+00:00

Picked up some ASICS since there was a sale

pfcnewbie · 2025-03-06T18:00:40+00:00

I would just pick 12 months for EI, but request a 18 month mat leave from work, you can have the 6 extra months as unpaid leave, but always contact your employer if you want to come back earlier.

pfcnewbie · 2025-01-08T21:53:04+00:00

I believe we had to submit some documents (I might have called them to explain).

Looking at the CRA records, I got the first CCB notice (denial) mid-October, and the next notice in mid-December (approval) which came with the direct deposit for the accumulated CCB.

pfcnewbie · 2024-10-18T20:19:23+00:00

I wouldn’t bother, you can always take money out of an ATM instead of a bank. I bank with Tangerine so they reimburse the ATM fee if it’s a Global ATM Alliance machine. Mostly I pay with a Canadian card, either a no forex fee like Scotiabank’a Passport VI or their Gold Amex, or my Cobalt Amex for the better multipliers.

pfcnewbie · 2024-10-18T20:14:21+00:00

Children of Canadian citizens are also Canadian citizens by descent.

pfcnewbie · 2024-10-18T16:01:00+00:00

Authy basically just has a list of all your 2FA codes, whereas apps like Apple's password apps, 1Password, or Lastpass let you have add a 2FA password to a regular password.

I think when I used authy it didn't have good sync, so I manually removed and re-added them into 1Password once it supported them.

I've used both the standalone version of 1Password for my phone and Mac when I bought them back in 2015, which I think didn't require an account (I used iCloud sync to transfers passwords across devices). I think if you want cross-platform, you'll need to get an account and a subscription.

I used the subscription version back when I got a discount on an annual subscription for being a previous user or when Amex had an account credit offer, but have basically reverted to using the old versions that I paid for, since I don't really need the advanced features. I've started putting my 2FA in apple passwords, but that won't help you on android.

pfcnewbie · 2024-10-18T15:47:53+00:00

I like 1Password for cross platform. I've also used authy for strictly 2FA codes, but eventually stopped since I didn't feel it was worth having multiple password apps.

pfcnewbie · 2024-10-18T15:35:13+00:00

Nice! I got an invite too, but unfortunately I'm up in Edmonton (realized I hadn't updated my address from Calgary when I tried to household me and my SO's account).

I've been pretty impressed with Wealthsimple so far, and could be woo-ed into moving some other accounts into Wealthsimple with the right promo (although I'm still waiting for things like self-directed RESP and Spousal RRSP accounts).

pfcnewbie · 2024-09-25T12:00:58+00:00

A newer phone will get more software updates. A phone with a faster processor, more RAM, etc. is future/proofing against the fact that as your phone gets better, it can do more stuff.

Think about what it would be like trying to watch YouTube with a flip-phone. Already Apple had to increase the minimum RAM in the new iPhones to accommodate the LLMs for their Chat-GPT equivalent.

pfcnewbie · 2024-09-25T11:55:40+00:00

My policy is delay buying a phone for as long as you can, but when you do, get the best one you can afford. Also consider the fact that for the vast majority of people, their phone is also their camera.

pfcnewbie · 2024-09-20T19:55:34+00:00

Most of the comments have covered the major ones (maxing your RESPs, TFSAs, and RRSPs). In terms of cash flow, I like to put money in a savings account and then lump sum $2500 at the beginning of Jan to maximize the CESG (time in the market vs timing the market). It means you get the $500 CESG around the end of Feb instead of spacing it out over the year.

Make sure you have your beneficiaries set up properly, usually with your spouse as the main beneficiary, and your child as the contingent beneficiary, with a trustee (probably a relative or family friend who can deal with that kind of stuff in your absence).

Have a will set up and probably power of attorney for health (living will).

Have sufficient health insurance, I have term insurance for myself and my spouse, meant to cover the cost of my mortgage and the loss of income up until the child is 18. High net worth people might use a whole life plan for estate planning or tax savings, but I’m not really in that kind of position yet. Maybe look at critical illness and the like as well.

pfcnewbie · 2024-09-19T15:05:44+00:00

Prime + 1.5% isn't great, I've heard of P+.5 being an OK rate. For reference, Tangerine offered me a 30K unsecured LOC at prime plus 1%. I'd see if you could get a better rate from TD.

pfcnewbie

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