You can’t transfer funds from a Registered Retirement Savings Plan (RRSP) to a Tax-Free Savings Account (TFSA) without paying tax.
These previous questions may help provide insight:
- “If I directly transfer my RRSP proceeds to a TFSA, do I get taxed for the amount transferred?”
- “Can you transfer tax-free from a RRIF to a TFSA?
- “How do I transfer my RRSP to a different institution?”
Speak with a registered financial representative for investment advice that fits your personal situation as you move forward. Visit GetSmarterAboutMoney.ca to learn more about investing and financial topics.