What's the difference between a partial and full withdrawal from my registered account?

For Scotia iTRADE accounts:

A partial withdrawal removes only the portion of funds that you have selected from your account. Your account must have enough cash available to cover the full amount being withdrawn.

A full withdrawal removes all funds from your account. To make a full withdrawal, your account holdings must be fully liquidated into cash. The funds from sell orders that are filled today will be available on settlement date. In the case of a full withdrawal (excluding TFSAs) your account will be closed. For TFSAs, the amount withdrawn (full or partial) will be added back to your contribution room in the following calendar year.

For ScotiaMcLeod accounts, please contact your Advisor.

Last updated July 2, 2020