Investing

Where to open TFSA

  • Last Updated:
  • May 7th, 2020 12:24 pm
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[OP]
Newbie
May 23, 2017
24 posts
10 upvotes

Where to open TFSA

Is there a reason to open a TFSA at one bank vs another?

I have money at TD, so I was thinking about opening a TFSA there. I'd like to get options contracts and US ETF's for the TFSA though, so not sure if that will be an issue at TD or if there is a better institution for that.
2 replies
Deal Addict
Nov 24, 2013
2068 posts
1399 upvotes
Toronto
Opening at the same institution makes transferring funds between accounts a piece of cake. That's got to be weighed against the costs of investing through that particular institution though,
Deal Fanatic
Jul 30, 2003
6087 posts
813 upvotes
Toronto
lpin14 wrote: Opening at the same institution makes transferring funds between accounts a piece of cake. That's got to be weighed against the costs of investing through that particular institution though,
Transferring funds in QT or wealthsimple is super simple as well. You just "pay a bill" to QT or Wealthsimple and its done!

Haven't taken money out - so can't comment on that.
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