Rare Earth Elements, including the lanthanide series and Y (REYs), are important tracers and paleo-proxies of biogeochemical processes, water mass transport and oceanic mixing. At the interface between the continents and oceans, the geochemical behaviour of REYs in estuarine environments is generally described as being non-conservative, with large-scale removal by particle scavenging. This conventional interpretation stems from observations carried out in tropical or sub-tropical estuaries. However, major river systems in the mid- and high latitude regions are subjected to winter conditions when a frozen watershed and an ice cover may affect the continental input of particles and the REY geochemistry. Here, we investigate the geochemical behaviour of REYs in the Estuary and Gulf of St. Lawrence (EGSL) in spring 2003 as well as winter and summer 2020. In contrast to the ice-free seasons, REYs and Fe behave conservatively in the estuary during the winter. In addition, we observed a higher REY affinity toward particles and fractionation in the REE patterns in the hypoxic deep waters of the estuary. The latter observation may reflect enhanced REY sorption to mineral-carrier surfaces exposed upon the remineralization of settling organic particles and to manganese oxides of benthic origin. Computed partition coefficient (Kd) values and strong correlations between Y/Ho, Er/Nd and Ce anomalies with dissolved oxygen concentrations support this hypothesis. The estimated annual dissolved load of REYs from the EGSL to the ocean ranges from 0.4 to 75 tons per year, thus contributing significantly to the global marine budget. The global river loading of dissolved Nd to the ocean was also revised to 4,000 tons per year based on data available for 21 river systems.