Questrade 4% Cashback on Qualifying Transfers Offer 2026 FAQ

• How do I qualify for this offer?
• What is the offer?
• What is the duration of the offer period?
• Is there a minimum funding amount to qualify for the cashback?
• What is the Cashback Multiplier?
• How much cashback can I earn?
• How do I register for this offer and submit my transfer request?
• What accounts can I transfer into?
• How are Joint Accounts and Corporate Accounts handled?
• What are Qualifying Transfers and where can my transfers come from?
• How long do I have to transfer my funds?
• Do multiple transfers count towards my net funding total?
• Do I have to pay transfer fees for external transfers from another institution?
• How will I receive my cashback?
• When will I receive the first cashback payment?
• Where will I be able to find my first cashback payment?
• What if I don't have a Cash or Margin account to receive my cashback payment in?
• Which account will the cashback be paid to if I have both a Cash account and a Margin account?
• How long do I have to keep my transfers in my account at Questrade?
• How much money can I withdraw without impacting my cashback?
• I’ve withdrawn money. Can I get my full cashback amount again?
• How much can I withdraw if my account grows in value?
• Will market fluctuations impact my cashback?
• What are the tax implications of this offer?
• Can I be eligible for multiple offers at once?
• How will USD assets be treated?
• What happens if I decide to close my account?
• I already qualified for the 3% bonus last year. Can I still qualify for this year's 4%?

To qualify, you must:

• Be a new or existing client of Questrade, Inc. (‘Questrade’) or Questrade Wealth Management Inc. (‘QWM’)
• Be a legal resident of and tax payer in Canada
• Be the age of majority in the province or territory you live in
• Transfer in a total of at least $10,000 CAD in qualifying assets
• Register for the offer and submit your transfer request digitally through the Questrade Customer Portal

Manual forms uploaded to the portal or sent to another institution directly will not qualify. (See "How do I register for this offer and submit my transfer request?" for details).

For more information on eligibility for this offer, please see our Terms and Conditions.

From January 5, 2026 to February 2, 2026, you can earn up to a 4% cashback bonus on net-new transfers from other institutions.

For your transfer to be eligible, you have to move at least $10,000 in qualifying assets across eligible accounts from another institution to your Questrade account. Remember: this has to be a transfer, cash deposits do not count for this offer. The offer has two tiers:

• Base cashback: Earn 1% cashback on transfers to Registered accounts (like RRSPs or TFSAs) and 2% cashback on transfers to Non-Registered accounts (Cash or Margin).
• Cashback multiplier: You can double your cashback to 2% (Registered) and 4% (Non-Registered) if you hold a specific combination of accounts by the settlement deadline. (See "What is the cashback Multiplier?" below for details).

Your cashback will be paid out in 24 monthly installments starting in June 2026. Your cashback bonus will be deposited into a Cash account (either a Self-directed account or a Questwealth Portfolios account (‘QWP’)) or a Margin account. This is because these account types don’t have contribution limits. So, by depositing your bonus into them, it ensures your contribution room in a registered account isn’t impacted.

If you don’t have a Cash or Margin account, you can open one for free at any time. Your cashback bonus isn’t locked into this account, either. If you want to, you can move it to another Questrade account any time. Hold period rules still apply; see [How long do I have to keep my transfers in my account at Questrade?] for more details.

The offer period is between January 5, 2026 to February 2, 2026. Only transfer requests submitted digitally through the Questrade Customer Portal during this period will qualify. (See “How do I register for this offer and submit my transfer request?” for details).

Yes. You’ll need to transfer in a total of at least $10,000 CAD. These transfers can be made to one account or split across multiple accounts—it’s up to you. Just make sure you’re transferring to an eligible account type.

For example: You transfer $4,000 to your TFSA, $4,000 to your RRSP, and $3,000 to your Margin account. Since the total is $11,000, you meet the $10,000 minimum requirement.

Remember: Cash deposits (like Bill Payments or Interac e-Transfers) do not count toward the cashback calculation, though they do help with your total equity for the Multiplier eligibility (see “What is the cashback Multiplier?” below for details).

All of the most commonly owned asset types qualify for this offer, including:

• Cash
• Stocks (regular and preferred shares)
• Bonds
• GICs
• ETFs
• Mutual funds

A few asset types aren’t eligible, though. Restricted assets (ones that are set aside to meet regulatory or contractual requirements), assets subject to a cease trade order, or assets lacking evidence of current value. See the terms and conditions for more details. Click here for terms and conditions in French.

The Multiplier is a way to double your cashback rate. To qualify, you must hold the following on May 29, 2026 (the "Settlement Deadline"):

• At least 3 different account types at Questrade
• At least 1 Margin or Cash account
• Each account must have at least $10,000 CAD in equity

If you meet the Multiplier requirements, your cashback rates will double:

• For Registered Accounts transfers: 2% (up from 1%)
• For Non-Registered Account transfers: 4% (up from 2%)

Example: You are an existing Questrade customer with $7,000 in equity in each of your TFSA, RRSP, and Margin accounts (total equity of $21,000). During the promotion period, you register and transfer $4,000 to your TFSA, $4,000 to your RRSP, and $3,000 to your Margin account ($11,000 in total, which qualifies based on the $10,000 minimum transfer amount). If each of these accounts have an equity of greater than $10,000 by May 29, 2026, you will qualify for the higher cashback multiplier (2% on your $4,000 TFSA and $4,000 RRSP transfer, and 4% on your $3,000 Margin transfer). Other hold period rules apply.

Your cashback is calculated based on your Net Qualifying Transfer Amount (total transfers-in minus any withdrawals). There are separate caps for Registered and Non-Registered accounts:

• Registered accounts: Maximum cashback is $10,000.
• Non-Registered accounts: Maximum cashback is $10,000.
• Total potential cashback: You can earn up to $20,000 combined.

Example: You transfer $160,000 into a Margin account (Non-Registered) and $240,000 into a TFSA (Registered).

• Base scenario: You earn 2% on the Margin ($3,200) and 1% on the TFSA ($2,400).
• Multiplier scenario: If you meet the Multiplier criteria (see above), you could earn 4% on the Margin ($6,400) and 2% on the TFSA ($4,800).

To qualify for this offer, you must first register your account(s) for the offer during the offer period January 5, 2026 to February 2, 2026. New customers and existing customers creating a new account can register by entering the promo code QT4CASHBACK in the offer code section during account creation.

Existing customers who are looking to consolidate with existing accounts at Questrade can register by visiting their Rewards and Benefits center in the Customer Portal. From there, you can register your account for the 4% cashback offer. Once you register one of your accounts for this promotion, all other accounts in your profile will be registered automatically.

Once your account has been registered, you’ll receive an email confirming your registration and detailing your next steps to submit a transfer-in. For more details on submitting a transfer request from our customer portal, visit this walkthrough. You’ll also need to submit your transfer request before the end of the offer period (February 2, 2026). Remember: transfer requests must be submitted digitally through our Customer Portal to be eligible for this promotion.

Most of our popular accounts are eligible and you can qualify whether you have a self-directed account or you invest in Questwealth Portfolios:

• Margin accounts (Individual or Joint)
• Cash accounts (Individual or Joint)
• RRSPs and RRIFs (Individual or Spousal)
• TFSAs and FHSAs
• RESPs (Individual or Family)
• Corporate, Partnership, and Formal Trust accounts

Note: Forex (FX) and CFD accounts are not eligible.

For this offer, we group accounts into three categories: Regular (Individual accounts like a TFSA), Joint (like a Margin account you hold with your spouse), and Entity (Corporate/Trust). Note that Spousal RRSPs or RRIFs are not considered joint accounts, so if you hold one, it will be treated as an Individual account. However, when it comes to determining your cashback, these categories are calculated separately.

• For example: If you transfer $5,000 to an Individual RRSP and $5,000 to a Joint Margin account, you would not qualify, because neither category hit the $10,000 minimum on its own.
• However: If you transferred $10,000 to the Independent RRSP and $10,000 to the Joint Margin, both would qualify independently.

Qualifying Transfers must be assets (stocks, ETFs, cash) moved from another financial institution to Questrade, including:

• Cash
• Stocks (regular and preferred shares)
• Bonds
• GICs
• ETFs
• Mutual funds

However, there are some assets and transfers that do not qualify:

• Excluded: Transfers between existing Questrade accounts do not qualify (your assets must come from another institution, not Questrade, Questrade Wealth Management, or any of their affiliates in Questrade Financial group).
• Excluded: Direct deposits (like payroll or bill payments) do not qualify.
• Excluded: Assets that are restricted (ones that are set aside to meet regulatory or contractual requirements), subject to a cease trade order, or lacking evidence of current value.

See the terms and conditions for more details.

You must submit your request via the Questrade Customer Portal between January 5, 2026 and February 2, 2026. (See "How do I register for this offer and submit my transfer request?" for details). Your funds must fully arrive and settle in your account by May 29, 2026.

As soon as you submit your request, we’ll get to work. The time it takes for your funds to arrive from your old institution varies, and sometimes they may be slower to process things on their end. Rest assured: we’ll be doing everything we can to make transfer fast for you; however, you can also follow up with your old financial institution to try to expedite the process.

Tip: Processing times vary by institution. We recommend submitting your request as early as possible to ensure funds arrive by the May 29, 2026 deadline.

Yes. We look at the total Net Qualifying Transfer Amount (total transfers in minus any withdrawals) across your eligible accounts as of May 29, 2026.

For example: If you submit three separate transfers of $5,000 each during the offer period and made no other withdrawals or transfer-outs, your total Net Qualifying Transfer Amount is $15,000 and you would be eligible for cashback.

Whether you're new to Questrade or already a customer, you can transfer almost any type of investment account over to Questrade—for any amount and as many accounts as you like.

The best part? We'll cover your transfer-in fees charged by your old brokerage, up to $150 per account. This applies regardless of whether you qualify for this cashback offer. See our Transfer For Free terms and conditions for more information.

You will receive your cashback in 24 equal monthly installments, paid into an eligible Questrade Cash or Margin account or Questwealth Portfolio cash account. All of your accounts need to be in good standing, meaning they can’t be frozen or restricted in any way or have a negative equity balance.

Depositing your cashback into a non-registered Cash or Margin room ensures we won’t impact your contribution room in a registered account. We’ll look for a Self-Directed Cash account first, then a Margin account, and then a Questwealth Portfolio cash account.

If you don’t have a Cash or Margin account, you can open one for free at any time. Your cashback bonus isn’t locked into this account, either. If you want to, you can move it to another Questrade account any time (hold period still applies).

Once you start to receive your cashback payments, they’ll show up as a deposit called “cashback Incentive” in both your monthly statement and account activity report. Remember: the cashback payment will be made to your Cash account (self-directed or Questwealth Portfolio) or your self-directed Margin account (see "How will I receive my cashback?" for details).

To view your account activity report:

1. Log in to your Questrade account
2. Click REPORTS
3. Tap Account activity
4. Select your date range to view your transactions. All transactions, including cashback payments, will appear in the table.

Here are more details on how to access your account activity report.

If you don’t have a Cash or Margin account yet, you will have to open one to receive your cashback payment. Opening either type of account is free and only takes a few minutes to set up.

Our self-directed accounts also have no funding minimums, so if you open a self-directed Cash or Margin account, you’ll be all good to go right away. Questwealth Portfolios do require a $250 minimum balance, so if you choose to open a Questwealth Portfolios Cash account, you’ll have to deposit at least $250 into it.

Remember: you need to have a Cash or Margin account open by June 1, 2026 to receive your cashback payment.

Where a cash back payment is sent is decided by a basic priority system:

1. Self-directed Cash account
2. Margin account (self-directed only)
3. Questwealth Portfolios Cash account

For example, if you have all three of these account types, you can expect to see the deposit in your self-directed Cash account. If you have a Margin account and a Questwealth Portfolios Cash account instead, the deposit would go into the Margin account. If you only have a Questwealth Portfolios Cash account, the cash back will be deposited there.

Your transfer ins will be subject to a Hold Period of 24 months, starting immediately after the settlement period (May 30, 2026) and ending after your final payment (June 2028). You’re allowed to make withdrawals at any time from the account you transferred—it’s your money—but, depending on how much you withdraw, it may exceed the withdrawal limit and disqualify you from receiving future monthly payments. For more details on the withdrawal limit, see “How much money can I withdraw without impacting my cashback?”. We won’t claw back any monthly cashback payments already made.

After the Hold Period ends in June 2028, you’re free to move as much or as little money out of your account as you’d like with no possibility of impacting your cashback.

While it’s possible to withdraw from your account without impacting the cashback you earn, this depends on your Net Qualifying Transfer Amount. You can withdraw up to 5% of your Net Qualifying Transfer Amount during the Hold Period (May 30, 2026 to June 2028) without impacting your cashback. For clarity: withdrawals include taking your money out of Questrade via wire transfer, cheque, or a transfer-out; moving money from one of your Questrade accounts to another does not count as a withdrawal.

Exceptions: Mandatory statutory minimum withdrawals from RRIF, LIF, and LRIF accounts are exempt. These government-mandated amounts do not count toward your 5% withdrawal limit and will not disqualify you from this offer.

If you withdraw more than 5% of your Net Qualifying Transfer Amount, and do not replenish the funds within the same calendar month, you will be disqualified from this offer and forfeit all future monthly payments. We won’t claw back any monthly cashback payments already made.

If you’ve withdrawn more than 5% of your Net Qualifying Transfer Amount during the hold period (See “How much money can I withdraw without impacting my cashback?” for details), you must deposit fresh funds to bring your net withdrawals back under 5% before the last business day of that same month. If you fail to deposit enough funds by the deadline, you will be disqualified from all future payments.

The amount you can withdraw without penalty is always calculated based on your Net Qualifying Transfer Amount. This is the case no matter how your account’s value changes.

That means that if you withdraw more than 5% of your Net Qualifying Transfer Amount, you will start receiving a reduced cashback payment in the next month if you do not top up.

• Example: let’s say you transfer $25,000 to your Questrade account during the offer period and make no withdrawals (meaning your Net Qualifying Transfer Amount is $25,000). Over the next few months, your account balance grows to $30,000. If you withdraw $5,000, this would equal 20% of your Net Qualifying Transfer Amount ($5,000 / $25,000 x 100%), which will disqualify you from future cashback.
• To requalify: (see “How much money can I withdraw without impacting my cashback?”), you would need to deposit more than $3,750 before the last business day of the same month to bring your net withdrawals to less than 5% of your Net Qualifying Transfer Amount ($25,000 x 5% = $1,250).

No, market conditions won’t impact the calculation of your cashback. The Net Qualifying Transfer Amount is calculated based on the market value of the assets when they settle (i.e.: arrive) in your Questrade account.

Your cash back is paid out to a non-registered account (Self-directed or QWP Cash or Margin account), which don’t have contribution limits, reducing the risk of tax implications. This also helps ensure the cash back payment doesn’t impact the contribution room in any registered accounts you have like an RRSP.

However, as with any offer, there may be personal tax implications for you to consider. If you have any questions, we recommend contacting a tax professional for additional guidance.

Yes! You’re also able to use our Transfer for Free offer and our Questwealth Portfolios $0 Management fee offer along with this cashback promotion.

If you are being referred to Questrade by a friend, you can also use their Refer a Friend promo code to earn $50 when you complete and fund your first account with at least $250 (see terms and conditions).

The CAD equivalent of the USD assets will be calculated using the foreign exchange rate on the day the transfer settles in your Questrade account. The CAD equivalent will be included in your Net Qualifying Transfer amount, and your cash back will be paid in Canadian Dollars.

For example: You submit your transfer-in of an account containing $5,000 USD worth of investments on January 20, 2026. On that day, the foreign exchange conversion rate valued your investments at $7,000 CAD.

However, on the day that your transfer arrives in your Questrade account, the foreign exchange rate fluctuates and the same investments are now worth $7,100 CAD. We would calculate your Net Qualifying Transfer amount and cash back payment using the $7,100 amount.

If you’ve met the offer requirements, you won’t have to return any cash back that was already paid to you. If you close your account, you will give up your remaining cash back payments.

At Questrade, we’re always looking for ways to show our clients how much we value them. If you have questions about your account, please reach out to one of our account specialists.

Yes! You are eligible to qualify for the 4% Cashback even if you participated in last year’s 3% promotion. The new cash back promotion applies to all the new assets that you bring in. Anything you already have in your existing account(s) will not receive a cash back but it will help to qualify you for the multiplier.

Disclaimer: In the event of any inconsistency or conflict between these Cash Back on Qualifying Transfers Offer Frequently Asked Questions (FAQs) and the Cash Back on Qualifying Transfers Offer terms and conditions, the provisions of the Offer terms and conditions shall prevail. The offer is subject to change at any time without prior notice. Any modifications will be effective immediately upon posting.

Transfer for free:
You can transfer any account to Questrade from another financial institution, regardless of the balance, and get your transfer fees rebated (maximum rebate $150/account). No limit to the number of accounts you bring over.

For a rebate, submit a statement from your financial institution displaying the transfer fees incurred within 60 days of the transfer request being submitted to Questrade.

For Questwealth™ accounts, all-in-kind and partial transfers of your securities will be liquidated. Transfers from cash accounts may be subject to capital gains taxes or provide capital losses upon liquidation. Exchange and ECN fees may apply.

Terms and conditions are subject to change without notice.

Note: The information in this blog is for educational purposes only and should not be used or construed as financial or investment advice by any individual. Information obtained from third parties is believed to be reliable, but no representations or warranty, expressed or implied, is made by Questrade, Inc., its affiliates or any other person to its accuracy.