Quote:
Originally Posted by giCe
Make sure you're transferring funds within the same institution though if the funds are contributed in the same year! (for example transferring from RBC TFSA savings to RBC Direct Investing). If you are transferring to a different financial institution (eg. RBC to Scotia iTrade), eventhough you are transferring from a TFSA to TFSA they would still consider it a withdrawl of the year and a contribution, which might signal an overcontribution.
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actually TFSA to TFSA directly would be like a transfer in kind, just like if you transfered your RRSP from one provider to another.