Yeah, I know that TFSA has a contributing limit. But thanks for the heads up!
I've never had a TFSA before so I believe I can put a maximum of $25,500 right now? Can someone confirm this?
I'm planning to keep about 15K on my CIBC savings account and put the 25.5K on TFSA from People's Trust. I only get 1.2% on my CIBC but I'm sure there would be some fee if I close it the account. And I'm still a little hesitant on signing up with People's Trust because it is all online.