Legal & disclosures

Questrade Plus RRSP Contribution Bonus Program

1.  PROGRAM INTRODUCTION

This Questrade Plus RRSP Contribution Bonus Program (the ‘Program’) is offered by Questrade Financial Group to eligible customers of Questrade, Inc. (‘Questrade’) and Questrade Wealth Management (‘QWM’) as a benefit of Questrade Plus, subject to these Terms and Conditions (‘Terms’). The Program allows eligible clients to receive an account credit bonus based on their net new contributions to eligible Registered Retirement Savings Plans (RRSPs). The Program is effective as of August 1, 2026.

2.  DEFINITIONS AND INTERPRETATIONS

“Questrade Plus”: the paid subscription service offered by Questrade to eligible clients at a monthly fee established by Questrade from time to time. Eligibility to participate in this Program is contingent on holding an active Questrade Plus subscription.

“Eligible RRSP Account”: an individual or spousal Registered Retirement Savings Plan account held in the client’s name with Questrade that is eligible for receiving contributions under the Questrade Plus RRSP Contribution Bonus Program.

“Eligible Non-registered Account”: a non-registered individual or joint cash or individual margin account held with Questrade that is eligible to receive cash bonus payments under the Questrade Plus RRSP Contribution Bonus Program and potentially other loyalty programs. This account must be in good standing. Registered accounts (e.g., RRSP, RESP, FHSA), locked-in accounts, and informal trust accounts are not Eligible Non-registered Accounts for receiving bonus payouts.

“Net New Contributions”: for the purpose of the Questrade Plus RRSP Contribution Bonus Program, the total value of eligible cash contributions made directly by the client into their Eligible RRSP Account(s) during a Calendar Month, less the value of any withdrawals or cancelled contributions made from those same RRSP account(s) during the same Calendar Month. Specifically excluded from this definition are funds or assets transferred into the Eligible RRSP Account from registered plans (including RRSPs) held at other financial institutions as well as between RRSP accounts held at Questrade. Contributions made in-kind (non-cash contributions) are also excluded. 

For clients who join Questrade Plus partway through a Calendar Month, only contributions made on or after their Plus enrolment date will count toward Net New Contributions; contributions made earlier in that same month, prior to enrolment, are not eligible and will not be retroactively matched. 

“Payout Account”: the specific Eligible Non-registered Account selected by Questrade to receive cash bonus payments earned through the Questrade Plus RRSP Contribution Bonus Program. The Payout Account will be selected through the following priority:

(1)  a Client’s individual cash account, starting with the oldest individual cash account first;

(2)  if no such cash account exists, a Client’s eligible individual margin account or joint margin account, starting with the oldest individual or joint margin account first.

“Calendar Month”: the period starting on the first day of a month and ending on the last day of that same month.

“Adjusted Bonus Amount”: the amount Questrade may recover if a Bonus was previously paid under this program and a subsequent event occurs:

(1)  In the case of a transfer of funds from an Eligible RRSP Account(s) to an RRSP account at another financial institution, the Adjusted Bonus Amount is the sum total of all Bonuses paid to your Payout Account under this Program during the 12-month period immediately preceding the date Questrade processes the transfer-out request.

(2)  In the case where an eligible contribution for which a Bonus was paid is subsequently cancelled for any reason (including, but not limited to, correcting an over-contribution), the Adjusted Bonus Amount is the total Bonus amount associated with that cancelled contribution.

3.  ELIGIBILITY

To be eligible to receive the RRSP Contribution Bonus (the “Bonus”) under this Program, you must:

a.  Hold and maintain an active, paid Questrade Plus subscription. For the purpose of this Program, your subscription is considered active for a given Calendar Month if it is in good standing on the last day of that month.

b.  Hold one or more eligible RRSP accounts with Questrade.

c.  Hold at least one eligible non-registered account with Questrade in good standing (the ‘Payout Account’) to receive the Bonus payment. The eligible non-registered account must be open by the last day of the month to receive the Bonus for that month. Locked-in, informal trust, or registered accounts (including the RRSP itself) are not eligible Payout Accounts.

d.  Comply with all terms of your Client Agreement and these Program Terms.

4.  BONUS CALCULATION

a.  The Bonus is calculated as 1% of your total Net New Contributions made to your eligible Questrade RRSP account(s) during a calendar month.

b.  Exclusions: Contributions originating from transfers of assets from RRSPs held at other financial institutions (i.e., RRSP transfers-in) or from transfers between RRSP accounts held at Questrade are specifically excluded and do not qualify as Net New Contributions for the purpose of this Program.

c.  Annual Contribution Cap: Net New Contributions eligible for the Bonus are capped each RRSP tax year (March 1st to last day of February) at the CRA’s maximum RRSP dollar contribution limit for that year (e.g., up to $33,810 in net new contributions for the 2026 RRSP tax year). This limit is subject to change based on annual CRA announcements. You are responsible for tracking your personal RRSP deduction limit, which may be lower than the CRA maximum dollar limit for the year. Contributions exceeding this annual limit do not generate a Bonus under this Program. This Annual Contribution Cap resets on March 1st of each year.

5.  APPLICATION OF BONUS PAYOUT

a.  The calculated Bonus for a calendar month will be paid out as a cash credit directly into your eligible Payout Account.

b.  Payouts will occur on or before the third business day of the following calendar month.

c.  You are responsible for ensuring you have an eligible Payout Account open by the last day of the month in which the contribution was made and in good standing. If no eligible Payout Account is available, the Bonus for that period may be forfeited at Questrade’s discretion.

d.  The Bonus payment is considered a cash deposit to your Payout Account and may have tax implications. Please consult your tax advisor.

6.  BONUS ADJUSTMENT FOR EARLY TRANSFERS AND CANCELLATIONS

This Program is intended to reward long-term savings with Questrade. Accordingly, Questrade may adjust previously paid Bonuses by recovering the Adjusted Bonus Amount (see Definitions section) if you transfer RRSP funds to another financial institution or if a contribution that earns a bonus is cancelled.

a.  Transferring an RRSP to Another Institution: If you initiate a request to transfer funds out of your Eligible RRSP Account(s) to an RRSP account at another financial institution, Questrade reserves the right to recover the Adjusted Bonus Amount.

  • This recovery provision does not apply to standard RRSP withdrawals. Clients remain solely responsible for understanding the tax implications and loss of contribution room associated with any RRSP withdrawal as per CRA rules.

b.  Cancelling a Contribution: If an eligible contribution for which a Bonus was paid under this Program is subsequently cancelled for any reason, Questrade reserves the right to recover the Adjusted Bonus Amount.

c.  The Adjusted Bonus Amount will be charged to you by Questrade as an administrative fee, debited from your account(s) in the following priority:

  1. Your Payout Account;

  2. Your individual or joint cash account(s), starting with the oldest individual or joint cash account first;

  3. Your individual margin account(s), starting with the oldest individual margin account first;

  4. If sufficient funds are not available in the non-registered accounts listed above, your registered account connected with the transfer-out or cancelled contribution will be debited.

7.  RRSP CONTRIBUTION LIMITS

a.  You are solely responsible for monitoring your personal RRSP contribution limits as set by the Canada Revenue Agency (CRA).

b.  This Program does not alter or increase your personal RRSP contribution room. Over-contributions may be subject to penalties imposed by the CRA.

8.  GENERAL TERMS AND CONDITIONS

a.  All amounts quoted are in Canadian Dollars (CAD).

b.  This Program is subject to all applicable federal and provincial laws and regulations.

c.  Questrade reserves the right to modify, suspend, or cancel this Program, or amend these Terms, at any time, in its sole discretion, without notice.

d.  This Program cannot be combined with any other RRSP contribution bonus program offered by Questrade. Clients who are eligible for both the Questrade Plus RRSP Contribution Bonus Program and the Questrade Reserve Benefits RRSP Contribution Bonus Program will receive their bonus exclusively under the Questrade Reserve Benefits RRSP Contribution Bonus Program terms, and are not eligible to receive a separate bonus under this Program for the same Calendar Month. This Program cannot be combined with any other offer unless explicitly stated otherwise in the terms of that specific offer.

e.  Decisions by Questrade regarding eligibility, calculation, and payout of the Bonus are final.

f.  All Questrade Plus subscription terms and benefits are offered at the sole discretion of Questrade and may be changed, suspended, or withdrawn entirely at any time without prior notice. Questrade assumes no liability for any impact these changes may have on clients.

g. You acknowledge having received the French version of this document before expressing your intention to contract exclusively in English. Vous reconnaissez avoir reçu la version française du présent document avant d’avoir exprimé votre volonté de contracter exclusivement en anglais.