Tech IndustrySep 11, 2021
Amazoniambeth

Anyone successfully transferred from Robinhood to Canadian brokerage

Anyone transferred stocks from Robinhood to any Canadian brokerage like Questrade or IB? Need help.#stocks Tc - 220k

@Robin Hood
Amazon OleFart Sep 11, 2021

Don’t think you can directly. I had WealthFront and they were not able to transfer to Canada (via DTCC) directly. So I moved it all from WealthFront to Schwab and then to Canada.

Amazon iambeth OP Sep 12, 2021

I’m already in Canada. Any alternative you can suggest?

Amazon OleFart Sep 12, 2021

If you have accounts with traditional brokerages in the US (Fidelity, Schwab, MorganStanley etc.) then they will still be able to do this for you. This is how I did it one year after moving to Canada.

Amazon iambeth OP Sep 18, 2021

All right, so for those who want to know - I was able to successfully transfer all my stocks from Robinhood to IBKR in Canada directly. No intermediate broker or anything needes. Process was very smooth. Took 3 days. I still have to figure out the taxes.

Amazon OleFart Sep 18, 2021

Awesome. Great to hear!

Amazon OleFart Sep 18, 2021

If the transfers are all done in-kind (I.e. no sale/liquidate), then you don’t have any additional tax risk.