SWP has partnered with one of Canada’s leading financial institutions and online brokers, Questrade, to offer Canadian investors the opportunity to purchase precious metals and hold them in a registered account, including their RRSPs and TFSAs. The gold and silver can be purchased from SWP and is stored at a secure facility in Canada, in a separate account in the clients’ name. The investment qualifies for the tax benefits of the selected registered account.
How Precious Metals in RRSPs and TFSAs Works
Step 1 - Open a Questrade account quickly and easily online.
Step 2 - Download and complete the Dealer Authorization Form, electing SWP as your precious metals dealer.
Step 3 - Fund your Questrade account with cash or transfer an existing registered account from another financial institution. Then, contact SWP to place your precious metals order.
If you have any questions, please contact SWP today. Or if you are ready to begin, please open an account with a Questrade:
The Finer Details
Who is Questrade?
Questrade, Inc. is registered as an investment dealer with the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF).
What is Questrade's role?
The registered account you create to hold your precious metal is held by Questrade.
Where is my gold and silver coming from?
SWP will sell you the gold and silver bullion.
Which products can I purchase in my registered account?
You can purchase Canadian Maple Leaf coins (gold or silver), gold bars (1 oz, 10 oz, or 1 kg), and silver bars (10 oz or 100 oz).
Where is my precious metal stored?
Your gold and silver bullion is stored in a separated account in your name, at the International Depository Services of Canada facility located in Mississauga, Ontario.
What are the fees?
The annual storage fee is 1.29%. The fee is calculated and charged monthly, based on gold and silver holdings in client account at month’s end.
For a complete list of bullion product purchase fees, please contact SWP.
I have an account with another broker. Can I move it to Questrade?
Yes. Moving or transferring an account is easy. In addition, Questrade will pay any transfer fees up to CAD $150 when you move a minimum of CAD $25,000 from another brokerage to your new Questrade account. Learn more about transferring to a Questrade account.