u/liquid_light_

Like the title says. Was planning to move all my money to Wealthsimple, but after hearing so many debanking stories, I'm a bit scared lol.

Used to have 118k, so far have moved about 97k to Wealthsimple and TD, currently only have 22k left in the account. Was planning to move 14k to Wealthsimple very soon. Should I hold off on doing that?

I only have a chequing account and a AMEX Gold Credit Card with Scotiabank (fees for both get waived if my chequing account balance is at least 6k).

Like the title says. Was planning to move all my money to Wealthsimple, but after hearing so many debanking stories, I'm a bit scared lol.

Used to have 118k, so far have moved about 97k to Wealthsimple and TD, currently only have 22k left in the account. Was planning to move 14k to Wealthsimple very soon. Should I hold off on doing that?

I only have a chequing account and a AMEX Gold Credit Card with Scotiabank (fees for both get waived if my chequing account balance is at least 6k).

Like the title says. Was planning to move all my money to Wealthsimple, but after hearing so many debanking stories, I'm a bit scared lol.

Used to have 118k, so far have moved about 97k to Wealthsimple and TD, currently only have 22k left in the account. Was planning to move 14k to Wealthsimple very soon. Should I hold off on doing that?

I only have a chequing account and a AMEX Gold Credit Card with Scotiabank (fees for both get waived if my chequing account balance is at least 6k).

Like the title says.

Link to news article: https://www.trtworld.com/live/69a2a1d4e4ba8e89ecd092dc?live-id=6a457e21d667a4956a785b4d

I have about $100k worth of XEQT shares across my TFSA, FHSA, RRSP, and a non-registered account. If I start the process of moving these 4 accounts from one financial institution to another today (June 18) is there a possibility of not receiving dividend payout if I'm technically out of the market at market open on June 25th 2026?

​

Thanks a lot in advance!

Hi!

Please don't judge me, but I (32M) found out about this thing called investing last week and have ever since been trying to do investing for long term wealth creation asap, because time in the market > timing the market.

I have 100k CAD cash (after having a separate emergency fund of 16k) sitting in my chequing account. My goal is to set myself up for retirement/long term wealth creation, with a time horizon of 30+ years. I don't plan to touch this money but, would like the freedom (as much as possible) to be able to withdraw some of it for unexpected emergencies.

Of this 100k, I dumped 53k into TFSA and brought XEQT using all of it last week (total room is 62.5k, but I can't contribute more due to me and my employer contributing company shares under a stock ownership plan).

What should I do with the remaning 47k?

I'm hesitant to use RRSP (withdrawals are taxed, and contribution room gone forever) and FHSA (withdrawals not relating to a home purchase are taxed, and I don't plan to buy a home, and contribution room gone forever)

Despite all of that, given that I have a separate emergency fund of 16k, I think my best course of action would be to max out FHSA (8k), then RRSP (32.5k, claim deductions later when my income rises), and 6.5k in a non-registered account. Does that make sense?

• My details: Income: 70k (before taxes), hope to increase it in future years to 120k
• RRSP deduction limit: 32.5k
• FHSA: Never used
• No debt, no car, no girlfriend (hopefully I can change the last one lol)

Thank you so much for all your help and advice!

Hi!

Please don't judge me, but I (32M) found out about this thing called investing last week and have ever since been trying to do investing for long term wealth creation asap, because time in the market > timing the market.

I have 100k CAD cash (after having a separate emergency fund of 16k) sitting in my chequing account. My goal is to set myself up for retirement/long term wealth creation, with a time horizon of 30+ years. I don't plan to touch this money but, would like the freedom (as much as possible) to be able to withdraw some of it for unexpected emergencies.

Of this 100k, I dumped 53k into TFSA and brought XEQT using all of it last week (total room is 62.5k, but I can't contribute more due to me and my employer contributing company shares under a stock ownership plan).

What should I do with the remaning 47k?

I'm hesitant to use RRSP (withdrawals are taxed, and contribution room gone forever) and FHSA (withdrawals not relating to a home purchase are taxed, and I don't plan to buy a home, and contribution room gone forever)

Despite all of that, given that I have a separate emergency fund of 16k, I think my best course of action would be to max out FHSA (8k), then RRSP (32.5k, claim deductions later when my income rises), and 6.5k in a non-registered account. Does that make sense?

• My details: Income: 70k (before taxes), hope to increase it in future years to 120k
• RRSP deduction limit: 32.5k
• FHSA: Never used
• No debt, no car, no girlfriend (hopefully I can change the last one lol)

Thank you so much for all your help and advice!

Hi!

Please don't judge me, but I (32M) found out about this thing called investing last week and have ever since been trying to do investing for long term wealth creation asap, because time in the market > timing the market.

I have 100k CAD cash (after having a separate emergency fund of 16k) sitting in my chequing account. My goal is to set myself up for retirement/long term wealth creation, with a time horizon of 30+ years. I don't plan to touch this money but, would like the freedom (as much as possible) to be able to withdraw some of it for unexpected emergencies.

Of this 100k, I dumped 53k into TFSA and brought XEQT using all of it last week (total room is 62.5k, but I can't contribute more due to me and my employer contributing company shares under a stock ownership plan).

What should I do with the remaning 47k?

I'm hesitant to use RRSP (withdrawals are taxed, and contribution room gone forever) and FHSA (withdrawals not relating to a home purchase are taxed, and I don't plan to buy a home, and contribution room gone forever)

Despite all of that, given that I have a separate emergency fund of 16k, I think my best course of action would be to max out FHSA (8k), then RRSP (32.5k, claim deductions later when my income rises), and 6.5k in a non-registered account. Does that make sense?

• My details: Income: 70k (before taxes), hope to increase it in future years to 120k
• RRSP deduction limit: 32.5k
• FHSA: Never used
• No debt, no car, no girlfriend (hopefully I can change the last one lol)

Thank you so much for all your help and advice!