There are several ways to do this, you can find instructions for different ways to move your account to $0 below.
Transfers to another Questrade account
Closing one account but keeping another, or consolidating investments? We make the process of transferring from one account at Questrade to another as simple as possible.
Learn more about transfers between Questrade accounts in this lesson.
Transfers to another broker
If you’re transferring assets (stocks, ETFs, mutual funds & etc) to another bank/broker, follow the instructions provided by the recipient bank/brokerage for asset transfers.
All assets and cash can be transferred “in-kind”, in cash, or a mix. In kind means all of the stocks, ETFs, or other investments held in the account will be transferred over “as-is”, this will also include any CAD and USD cash.
Some banks/brokers may not support dual-currency transfers (as in, they may not accept USD cash), so please check with the recipient for more information.
Fees
$150 + tax for both full or partial transfers
Partial transfers are when you do not transfer out all of the cash or investments in the account.
Full transfers are when there are no remaining assets in the account.
See all other potential administrative fees.
Withdrawing to a bank account
Cash can also be withdrawn from most account types directly to the bank account of your choice.
Learn more about cash withdrawals in this lesson.
Please note: If the currency you withdraw is not the same as what's in your bank account (ex. CAD in the account and you withdraw USD), you may be subject to an exchange fee.
Depending on the type of account you’re withdrawing from, there may be limitations, or tax penalties to be aware of. (I.e. RRSP withholding tax)
Worthless securities
If you have investments in your account that have lost their entire market value, you will need to have them removed from your account before it can be closed. This can happen if the assets are subject to a cease-trade order,
the issuer has gone bankrupt, or the shares/securities have been delisted from an exchange.
Learn more about removing worthless securities in this article.