RESP transfer/withdrawl
I have a RESP with questrade that I made before wealthsimple introduced it to their platform. I am not actively contributing to it right now as my kids are still toddlers and im just trying to catch up with me and my wofes TFSA's at the moment.
Now the account on receives money from grandparents at the moment so its only worth $520 right now.
Ideally I want to move it to weathsimple just for ease of use as most my investments are there. Only having $520 the transfer account fee would nuke my account so the only other option i can see is to just withdrawl and pay back the grant money and penalty just to put that same money into an account at wealthsimple.
Does it make sense to withdrawl and re contribute? or am I just stuck at questrade until our amazing government eliminates account transfer fees in the future