The above was written a few months ago, but allow me to correct a common misconception: Canadian brokerages are not allowed to lend fully paid securities, even when held in a margin account. So if you do not borrow money on margin, your securities cannot be lend , period. WS does it, not sure about others. https://help.wealthsimple.com/hc/en-ca/articles/9509140050587#:~:text=Wealthsimple's%20Stock%20Lending%20feature%20will,other%20investors%20for%20a%20fee. I guess I wasn't expressing myself clearly: Canadian brokerages are not allowed , without your express consent , to lend fully paid securities, even when held in a margin account. So if you do not borrow money on margin, and you do not explicitly consent to lending, your securities can...