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Can the funds in my TFSA be used to make an RRSP contribution?



Our response:

Contributions to a Tax-Free Savings Account (TFSA) are made with after tax dollars, as such withdrawals from a TFSA are tax-free. Withdrawals from a TFSA may be contributed to a Registered Retirement Savings Plan (RRSP) but keep in mind that once you contribute to a RRSP, any withdrawals from your RRSP will fully taxable as income in the year withdrawn. These previous Investing Questions questions may help build your knowledge around RRSPs and TFSAs.

Visit to learn about TFSAs and RRSPs. Speak with a registered financial representative for advice that fits your personal and financial situation.

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