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Don’t let high fees eat away at your hard-earned retirement savings. Take control of your financial future before the March 3 RRSP deadline by switching today.
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(50%) more 1High mutual fund investment fees can quickly drain your retirement savings. Even 1% can have a significant impact on your returns. With Questwealth Portfolios, you get a low-fee ETF portfolio that’s matched to you.
Get startedSee how Questwealth Portfolios can help you retire wealthier
Learn moreRetire the way you want to. Let us show you how:
- How to figure out what you need to save for retirement
- How to make a plan to meet your retirement needs
- How to choose an account that lets you save on taxes while you save for retirement
Already set to start saving for a comfortable retirement?
Get startedTake control of your retirement
Doing a little today can have a big impact on what you end up with in retirement. Contributing often, contributing early, saving on taxes and making good investment decisions are easy steps to take to make sure your retirement savings are on the right track.
Choose accounts that reduce your tax burden
Choose accounts that reduce your tax burden
RRSP
REGISTERED RETIREMENT SAVINGS PLAN
- Tax-sheltered earnings on investments.
- Enjoy tax deductions on yearly contributions.
- Withdrawals before retirement are subject to income tax.
- When you withdraw, you have to pay income tax on amount.
- Contribution limit is 18% of previous year’s earned income (2024 max. is $31,560)
TFSA
Tax-Free Savings Account
- Tax-free earnings on investments.
- Withdraw any amount at any time, without paying income tax.
- When you withdraw, it's tax-free
- Contribution room is $7,000 for 2025 (lifetime max is $102,000 2)
Switch to Questrade for free
When you move your existing accounts to Questrade, we’ll rebate the transfer fees you’re charged for the switch.
Any balance, from any eligible account—we’ve got you covered.
Increase the amount you’re saving
Increasing your savings will get you to your goal. Automating your contributions can make it a lot easier.
Contribute to your RRSP, ASAP.
With Instant Deposit, you can make contributions of up to $10,000 per day 3 in minutes with Interac or Visa Debit. Add funds to your account instantly so you never miss an opportunity. Please contact your bank to authorize deposits over your daily maximum.
Making good investment decisions can help you reach your retirement goal
Read our blog to learn moreDiversify your investments
Diversification is a fancy way of saying don’t put all your eggs in one basket. Because the more diversified your investments (the more baskets they’re in), the better your portfolio should perform over the long term. Why does this work? Because there isn’t one industry or asset class that consistently performs over time. So, you’ll want to ensure that your portfolio isn’t overwhelmingly reliant on one particular industry. Diversification aims to mitigate risk and increase chances of long-term growth by investing in a wide variety of assets and sectors instead of focusing heavily on one area or company.
Know your comfort with risk
When it comes to investing, you need to know how comfortable you are with big swings in the market. If you can’t stomach 20% swings in your portfolio, you will probably be a more conservative investor. The way you balance your comfort level is maintaining the proper balance of fixed income investments and equity investments in your portfolio.
Fixed income is an investment where you can reasonably expect regular periodic income, similar to interest in a savings account. These investments will give you a lower return than equities but also a limited downside. They are generally better for people who are closer to retirement age.
Equity is what people usually think of when they think of investing, usually stocks and exchange-traded funds. Equity investments can give you higher returns but also a bigger risk of downside. Equities are more acceptable for people who have more time until retirement.
Portfolios holding more fixed income are usually more conservative, where portfolios with a greater amount of equity are riskier.
Time horizon
Many people think investing for retirement is simply waiting to get to a certain number, but you don’t stop investing the day you retire. Quite the opposite. When the day comes and you’re ready to enjoy your golden years, the money you saved will turn into income for your retirement lifestyle. But you won’t need all the money all at once. Odds are, you will still be investing a portion of your wealth even in retirement. So when you’re looking at how long your investments will stay invested, you should look at the amount of time you will spend retired on top of the amount of time it’ll take for you to get there. This will give you a bigger picture of how long your investments will stay in the market and the impact of those investments over time.
Two great ways to invest with Questrade
Do it yourself
Self-directed Investing
Get a pre-built portfolio
Questwealth Portfolios
- Diversified ETF portfolios made for your goals
- Management fees starting at 0.25% (0.20% after $100,000)
- Actively managed by experts who adjust your portfolio when needed
- Socially Responsible Investing portfolios available
Additional helpful articles on retirement
Everyone’s retirement doesn’t look the same. The way you plan for and approach it will be as unique as you are. Here are some more unique retirement topics that may help you on your journey to retirement.
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If you have a pension plan, do you need an RRSP?
When does it make sense to supplement your pension income with an RRSP.
Get details
How to start retirement planning?
A list of considerations to help you prepare for retirement.
Get details
The Time-Starved Canadian's Guide To RRSPs
A quick guide on what you need to know about RRSP dates and limits.
Get detailsHave more questions?
Tell us what you need help with, and we’ll get you in touch with the right specialist.
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1 "Earn up to 50% more", "make up to 50% more", "up to 50% more", "up to 50% more money", "lower fees for better returns", "Become/get up to 50% wealthier", "Trade high fees for better returns", "high fees that lower your returns" and similar messages, are references and equivalents to our "earn up to 50% more" claim (and together or individually these may be referred to as the "up to 50% claim"). The 'up to 50%' claim excludes the Questwealth Conservative Portfolio. The up to 50% claim illustrates how investing with 4 out of the 5 Questwealth Portfolios ('QWP') could improve your retirement savings using a hypothetical example. The example assumes $50,000 compounds annually over 30 years at a growth rate equal to the average 5-year historical return of comparable mutual fund categories. Potential savings are based on a comparison of the highest MER charged by QWP versus the average MER of the Series 'A' mutual funds in the respective fund categories. Fees may change over time and actual results may vary. No representations and warranties are made as to the reasonableness of these assumptions.
Aggressive Portfolio
"Earn up to 50% more" illustrates how investing with a Questwealth Aggressive Portfolio could improve your retirement savings using a hypothetical example. The Questwealth
Aggressive Portfolio has an annual fee of #ETF_MERTier1Aggressive+#%, compared to mutual funds that have an average annual fee of #AverageMutualFundFeeAggressive#% (#ComparableFundsAggressive# comparable Class - A #ComparableFundCategoryAggressive#
Funds). This is based on an initial investment of $50,000 and a yearly contribution of $10,000, compounded annually over 30 years. Fees may change over time and actual results may vary. No representations and warranties are made as
to the reasonableness of these assumptions. Questwealth Portfolios is a service provided by Questrade Wealth Management Inc.
Growth Portfolio
"Earn up to 50% more" illustrates how investing with a Questwealth Growth Portfolio could improve your retirement savings using a hypothetical example. The Questwealth Growth Portfolio
has an annual fee of #ETF_MERTier1Growth+#%, compared to mutual funds that have an average annual fee of #AverageMutualFundFeeGrowth#% (#ComparableFundsGrowth# comparable Class - A Canadian #ComparableFundCategoryGrowth# Funds). This
is based on an initial investment of $50,000 and a yearly contribution of $10,000, compounded annually over 30 years. Fees may change over time and actual results may vary. No representations and warranties are made as to the reasonableness
of these assumptions. Questwealth Portfolios is a service provided by Questrade Wealth Management Inc.
Balanced Portfolio
"Earn up to 50% more" illustrates how investing with a Questwealth Balanced Portfolio could improve your retirement savings using a hypothetical example. The Questwealth Balanced
Portfolio has an annual fee of #ETF_MERTier1Balanced+#%, compared to mutual funds that have an average annual fee of #AverageMutualFundFeeBalanced#% (#ComparableFundsBalanced# comparable Class - A Canadian #ComparableFundCategoryBalanced#
Funds). This is based on an initial investment of $50,000 and a yearly contribution of $10,000, compounded annually over 30 years. Fees may change over time and actual results may vary. No representations and warranties are made as
to the reasonableness of these assumptions. Questwealth Portfolios is a service provided by Questrade Wealth Management Inc.
Income Portfolio
"Earn up to 50% more" illustrates how investing with a Questwealth Income Portfolio could improve your retirement savings using a hypothetical example. The Questwealth Income Portfolio
has an annual fee of #ETF_MERTier1Income+#%, compared to mutual funds that have an average annual fee of #AverageMutualFundFeeIncome#% (#ComparableFundsIncome# comparable Class - A Canadian #ComparableFundCategoryIncome# Funds). This
is based on an initial investment of $50,000 and a yearly contribution of $10,000, compounded annually over 30 years. Fees may change over time and actual results may vary. No representations and warranties are made as to the reasonableness
of these assumptions. Questwealth Portfolios is a service provided by Questrade Wealth Management Inc.
2 $95,000 is your lifetime max if you were eligible to contribute to your TFSA every year since it was first introduced in 2009. Your actual contribution room may vary.
3 Maximum instant deposit may vary according to your bank account online transfer limits. Deposits to RESP and FX & CFD accounts may take up to 1 business day to reflect the deposit.
4 'Zero commission trades', '$0 commissions', '$0 trading', 'trade commission-free' and similar messages, refer to commission-free trading for trades placed online through Questrade, Inc.'s website or mobile apps for stocks and ETFs that are listed on a stock exchange in the United States or Canada. Other fees may still apply.
5 For options trades placed online through Questrade, Inc.'s website or mobile apps the base commission has been reduced to 0.99¢ per contract. The per contract rate for online options trading is further reduced to 0.75¢ if subscribed to an active trader plan.
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.