Unlock the power in your trading accounts
You have a TFSA and a margin account for all the right reasons: the TFSA builds your wealth tax free; the margin gives you the buying power to seize (almost) every opportunity. Now connect the two with Margin Power: an exclusive new service from Questrade that increases your buying power by connecting your margin account with the assets in your TFSA, so you can enter new positions in your margin account without selling securities or transferring in cash.
Here's how Margin Power works:
- Link your margin account with your TFSA
- Continue to trade as you normally would in both accounts; you don’t need to change your strategy
- The assets in your TFSA will boost the buying power in your margin account
- Leverage the assets in your TFSA to enter new positions in your margin account without selling securities or transferring in cash*
- Your trading platform will show the buying power of your margin account and the increased buying power available via your TFSA
*Using borrowed money to finance the purchase of securities involves greater risk than using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines.