If you’re a Canadian investor wondering whether you can still use TD Ameritrade, you’re not alone. Even though the brand was officially retired, thousands of people still search for it every month — especially beginners trying to understand their brokerage options.
This guide breaks down exactly what happened to TD Ameritrade, what it means for Canadians, and where you can actually open an account today.
Does TD Ameritrade Still Exist?
TD Ameritrade was fully absorbed into Charles Schwab after Schwab acquired the company in 2019.
The transition took several years, but by 2024–2025:
- All TD Ameritrade accounts were migrated to Schwab
- Thinkorswim was moved under the Schwab brand
- The TD Ameritrade name was officially discontinued
As of 2026, TD Ameritrade no longer operates as a standalone brokerage.
Can Canadians Open a TD Ameritrade Account Today?
No.
TD Ameritrade no longer accepts new accounts – in the U.S. or Canada.
If you try to sign up, you’ll be redirected to Charles Schwab.
What About Existing TD Ameritrade Accounts?
If you previously had a TD Ameritrade account, it has already been:
- Converted into a Schwab account
- Moved onto Schwab’s trading platform
- Linked to Schwab’s customer service and tools
Your login credentials and account numbers may have changed during the transition.
Is Schwab Available to Canadians?
Schwab does allow non‑U.S. residents to open certain types of accounts, but:
- The process is more complex
- Not all account types are available
- Tax reporting is different
- Currency conversion fees may apply
For most Canadians, a Canadian brokerage is simpler and more tax‑efficient.
Best TD Ameritrade Alternatives for Canadians (2026)
Here are the most popular options depending on your style:
For long‑term investing (TFSA/RRSP):
- Questrade
- Wealthsimple Trade
- TD Direct Investing
- RBC Direct Investing
For active traders:
- Interactive Brokers
- Questrade
- National Bank Direct Brokerage (zero‑commission stocks & ETFs)
For beginners:
- Wealthsimple Trade
- Questrade (easy onboarding + research tools)
What Should New Investors Do Instead?
If you’re just starting your investing journey, the brokerage you choose matters — but your strategy matters more.
Here’s a simple path to follow:
👉 Start Here: How to Begin Dividend Investing in Canada
A beginner‑friendly roadmap to building long‑term wealth.
2026 Update: What You Need to Know
- TD Ameritrade is fully retired
- Schwab owns all former TD Ameritrade accounts
- Canadians cannot open TD Ameritrade accounts
- Schwab is available to Canadians, but not ideal for most
- Canadian brokerages remain the simplest option for TFSA/RRSP investing
Final Thoughts
TD Ameritrade may be gone, but the demand for clear, beginner‑friendly investing guidance is stronger than ever — especially in Canada. Whether you’re choosing your first brokerage or switching platforms, the key is to pick something simple, low‑fee, and aligned with your long‑term goals.
If you want help building a reliable dividend portfolio, start with the guide below.