How do I transfer money from TFSA to a margin account in Questrade?

Asked 3 years ago

Is it possible for me to link my tax-free savings account with Questrade? If not, do you know how I can move my funds from a financial institution into Questrade? It would be fantastic if I can do it directly.

Fund transfer Questrade Margin account Tax-free savings account (tfsa)

Andia Rispah Igobwa

Monday, August 09, 2021

When you decide to trade on margin, it is important that you maintain the necessary trading equity. The Canadian equivalent of the US dollar (CAD) trading account must be equal to or higher than the CAD required for a margin account. This means that if your TFSA is in USD, it will need to have at least C$2,500 in order to open a CAD margin account.