How do you transfer between TFSAs without penalty?
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Our response:
It is possible to transfer between TFSAs—existing with the same financial institution or between institutions—without penalty.
These previous questions may help you understand the next step.
- “Am I able to transfer from one TFSA account to another TFSA account without it counting as a contribution?”
- “Can I transfer my TFSA funds to a TFSA GIC?”
Speak with a registered financial representative or tax professional for further advice.