What happens to my TFSA or RRSP if I close my Wealthsimple account?

If you close a TFSA or RRSP at Wealthsimple, you'll lose the registered contribution room for that year (for TFSA) or permanently (for RRSP withdrawals). It's recommended to transfer the account to another broker rather than withdrawing, to preserve your registered room.

Are there fees for closing a Wealthsimple account?

Wealthsimple charges a $150 transfer fee per account if you transfer to another broker. There's no fee if you sell all holdings and withdraw cash. Wealthsimple's basic plan has no monthly fees for standard investing.

How long does it take to close a Wealthsimple account?

Account closure typically takes 3–7 business days after your balance reaches zero and your request is submitted. Outgoing account transfers to other brokers can take 10–20 business days.

Wealthsimple Tradeの解約方法（2026年）

Wealthsimple TradeのプランはCA$0.00/月から。5ステップのガイドに従って約10分でサブスクリプションを解約できます — 引き止めオファーを避けるコツ付き。

更新日: 2026年3月

から CA$0.00/月

簡単

所要時間:10 分

解約方法:Website

Log in to Wealthsimple

Go to wealthsimple.com or open the Wealthsimple app and log in to your account.

Sell or Transfer Your Investments

Go to your portfolio and sell all holdings, or initiate a transfer to another Canadian broker. If you have a TFSA or RRSP, consider transferring rather than withdrawing to avoid losing registered room.

Withdraw Your Cash Balance

After selling, go to 'Move Money' → 'Withdraw' and transfer your balance to your linked Canadian bank account.

Access Profile Settings

Tap your profile icon and go to 'Settings' → 'Account Settings' to find the account closure option.

Request Account Closure

Select 'Close Account' and follow the confirmation steps, or contact Wealthsimple support via chat for assistance with account closure.

引き止め対策

Before closing your Wealthsimple account, keep in mind that Wealthsimple's basic plan is completely free — no monthly fees, no commissions on Canadian stocks and ETFs. If you have a TFSA or RRSP, closing could mean losing your registered contribution room. You can simply leave the account open and dormant at no cost. Alternatively, you can transfer your portfolio to another broker via an account transfer without selling. Would you like to explore those options?