Questrade review: Broker offers chance to win up to $175,000 across TFSA, RESP and FHSA accounts

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Sergey Shendetskyi

18.12.2025

Questrade review: Broker offers chance to win up to $175,000 across TFSA, RESP and FHSA accounts — Questrade offers cash prizes for TFSA, RESP, FHSA

Questrade has unveiled a year-end promotional campaign that gives Canadian investors a chance to win cash prizes of up to $175,000 by contributing to key registered savings accounts, positioning the initiative as both an incentive to invest and a reminder of upcoming contribution deadlines.

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The promotion, which runs through Dec. 29, allows clients to participate in contests linked to three main account types: the Tax-Free Savings Account (TFSA), the Registered Education Savings Plan (RESP) and the First Home Savings Account (FHSA). By opening a new account or contributing at least $250 to an existing one during the promotional window, participants are automatically entered to win one of three prizes tied to long-term financial goals.

Three contests tied to major financial milestones

The largest prize is linked to the TFSA. One participant will receive $175,000 in cash, an amount Questrade describes as equivalent to 25 years of TFSA contributions. The broker frames the prize as a way to accelerate long-term wealth building by providing a substantial tax-free capital base.

For families saving for education, the RESP contest offers a $50,000 cash prize, representing the value of a fully funded education plan. Questrade highlights the account’s appeal by pointing to its eligibility for government grants, including a 20% contribution match up to a lifetime maximum of $7,200 per beneficiary.

Homebuyers are targeted through the FHSA contest, where one entrant can win $40,000 in cash, equal to a fully funded first home savings account. Contributions to an FHSA are tax-deductible, and investment growth and withdrawals for a first home purchase are tax-free, with annual contribution limits of $8,000.

How to enter and broader context

Clients may enter each contest once per account type, meaning eligible participants can enter up to three separate draws by contributing to a TFSA, RESP and FHSA. Existing clients need only add $250 or more to their accounts, while new clients can enter by opening and funding an account during the campaign period.

Questrade, one of Canada’s largest online brokerages, offers self-directed investing across stocks, ETFs, options and managed portfolios. The campaign aligns with the broker’s broader focus on encouraging disciplined, goal-based investing ahead of year-end deadlines.

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