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02-20-2010, 01:43 PM
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#1 | | HELP ME PLS!!!
Join Date: Jan 2004 Location: here
Posts: 5,793
Thanked 146 Times in 67 Posts
| for the bank people..
so I went in and bought some RRSP's last week. and asked for them to be taken from my savings acount.
well the f*cker took the money outa my TFSA instead of the regular one... now I can't legally put that money back in my TFSA untill 2011 as I had already put my $5k in this year.
can the bank fix this? I just made an apointment for monday to bitch the guy out. hopefully the bank can cancel / void the last transfer as a bank error so I can get my TFSA limit back for this year.
does the bank have the power to void / cancel an acount transfer and a GIC? and then re do it?
it's probably only ~$20 lost in income tax for this year, but still a piss off.
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02-20-2010, 07:45 PM
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#2 | | I answer every Emotion with an emoticon
Join Date: Jul 2006 Location: V
Posts: 7,849
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yes, they can void it it just takes time.
you probably got a noob handling your account. lol
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02-23-2010, 04:11 PM
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#3 | | I contribute to threads in the offtopic forum
Join Date: Dec 2002 Location: vancouver
Posts: 2,637
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I paid my line of credit a few days ago and when i checked online, the dumbass just put it into my savings account so I was late on the payment...damn ppl at the bank are getting dumb.
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02-23-2010, 10:32 PM
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#4 | | WOAH! i think Vtec just kicked in!
Join Date: Sep 2003 Location: Yaletown
Posts: 1,603
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The banks can void the transaction. It shouldn't be a problem. I've had bank transfer funds into my RRSP's from the wrong account once before and I just contacted them and they took care of it right away. Everything was fixed in a day or 2.
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02-24-2010, 05:06 AM
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#5 | | I answer every Emotion with an emoticon
Join Date: Jul 2006 Location: V
Posts: 7,849
Thanked 656 Times in 326 Posts
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a lot of dumbasses work at the bank. although sometimes you can't really blame them because there are always stupid customers who do not give out clear instructions.
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02-24-2010, 03:16 PM
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#6 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
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I thought you can always have the room to "refill: the TFSA, on top of the yearly 5K?
__________________ Quote:
Originally Posted by Fei-Ji  haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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02-24-2010, 03:28 PM
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#7 | | HELP ME PLS!!!
Join Date: Jan 2004 Location: here
Posts: 5,793
Thanked 146 Times in 67 Posts
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you have to wait till the following year to refill.
it has been fixed
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02-25-2010, 12:25 PM
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#8 | | Captain Happy Bubble is my Homeboy
Join Date: Mar 2003 Location: vancity
Posts: 327
Thanked 12 Times in 8 Posts
| Quote:
Originally Posted by johny you have to wait till the following year to refill.
it has been fixed | Wrong. The TFSAs can be refilled anytime, and be taken out anytime. Your TFSA is like any savings account, except you don't pay any taxes for.
However, the only time it becomes a serious issue, is if the bank takes out more than the contribution limit. Ie, they took out $20,000 of your $30,000 TFSA balance for this year. This is assume you've turned your max contribution limit of $10,000 into $30,000.
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02-25-2010, 12:27 PM
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#9 | | I contribute to threads in the offtopic forum
Join Date: Dec 2002 Location: vancouver
Posts: 2,637
Thanked 154 Times in 91 Posts
| Quote:
Originally Posted by Scudz Wrong. The TFSAs can be refilled anytime, and be taken out anytime. Your TFSA is like any savings account, except you don't pay any taxes for.
However, the only time it becomes a serious issue, is if the bank takes out more than the contribution limit. Ie, they took out $20,000 of your $30,000 TFSA balance for this year. This is assume you've turned your max contribution limit of $10,000 into $30,000. | where did you hear this from?
every year you get an extra $5000 that you can contribute tax-free.
If you deposit 5000 on january and withdraw it anytime in that year, you can deposit another 5000, however, it will not be tax free.
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02-25-2010, 03:05 PM
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#10 | | HELP ME PLS!!!
Join Date: Jan 2004 Location: here
Posts: 5,793
Thanked 146 Times in 67 Posts
| Quote:
Originally Posted by Scudz Wrong. The TFSAs can be refilled anytime, and be taken out anytime. Your TFSA is like any savings account, except you don't pay any taxes for. | no withdrawn money can only be refilled the following calender year.
IE if I withdraw $2000 this year, next year I can put in 7k. 2k withdrawn money and 5k for next years limit.
if you've already put in the 5k this year you can't put any back in this year if you take it out.
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02-25-2010, 08:35 PM
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#11 | | Revscene.net has a homepage?!
Join Date: May 2004 Location: Burnaby
Posts: 1,282
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Dudes that's brutal. Sorry to hear what happened.
I work at a bank and yeah accidents happen. Which is why CSRs are suppose to run through the transactions with you before you sign the slip or whatever. Also, you should read what is done through you account. I mean it's your money.
BTW, as a CSR we deal with a lot of bullshit and take a lot of harassment from ppl trying to bully us into doing something. So if a CSR screws up in front of you, don't flip out. It's fixable!
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02-25-2010, 08:58 PM
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#12 | | Captain Happy Bubble is my Homeboy
Join Date: Mar 2003 Location: vancity
Posts: 327
Thanked 12 Times in 8 Posts
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Originally Posted by johny no withdrawn money can only be refilled the following calender year.
IE if I withdraw $2000 this year, next year I can put in 7k. 2k withdrawn money and 5k for next years limit.
if you've already put in the 5k this year you can't put any back in this year if you take it out. | You're right. I stand corrected.
Last edited by Scudz; 02-25-2010 at 09:06 PM.
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03-02-2010, 01:46 AM
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#13 | | Wunder? Wonder?? Wander???
Join Date: Jul 2002 Location: richmond
Posts: 201
Thanked 0 Times in 0 Posts
| Quote:
Originally Posted by johny no withdrawn money can only be refilled the following calender year.
IE if I withdraw $2000 this year, next year I can put in 7k. 2k withdrawn money and 5k for next years limit.
if you've already put in the 5k this year you can't put any back in this year if you take it out. | Another rule people need to be aware of is if the value of your investment goes down and you make a withdrawal, IE you put in $5000 this year in some stocks and you make a withdrawal when the market value of your stock is $3000, you will only have $8000 of contribution room next year, not $10000.
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