Where to open TFSA

Search this thread

Last Updated:
May 7th, 2020 12:24 pm

Tags:

SCORE

Reply to ThreadReply

Search this thread

May 7th, 2020 12:49 am

dentalfloss [OP]: Newbie; May 23, 2017; 7 posts

May 7th, 2020 12:49 am

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

May 7th, 2020 12:21 pm

lpin14: Deal Addict; Nov 24, 2013; 1240 posts; 648 upvotes; Toronto

May 7th, 2020 12:21 pm

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,

May 7th, 2020 12:24 pm

PrinceMS: Deal Fanatic; Jul 30, 2003; 5760 posts; 540 upvotes; Toronto

May 7th, 2020 12:24 pm

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.

For Sale:

Powerful Constant Lights for Events / Photography

Reply to Thread

Top