Questions tagged [tfsa]

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Paolo Paolo Fri Jul 26 2024 | 7 answers 1235

Can I transfer RIF to TFSA?

Excuse me, I was wondering if I could clarify something about transferring funds into a TFSA. Specifically, I'm interested in transferring RIF, or Registered Income Fund, funds into a Tax-Free Savings Account. Is this possible, and if so, what are the steps I need to take? I understand there are certain rules and regulations surrounding TFSAs and retirement funds, so I'd like to ensure I'm doing everything correctly. Thank you for your time and assistance.

Can I transfer RIF to TFSA?
KimonoGlory KimonoGlory Fri Mar 29 2024 | 6 answers 1411

What is the 30 day rule for TFSA?

Could you please explain the 30-day rule for TFSA? I've heard it mentioned a few times, but I'm not quite sure what it means or how it applies to my investments. I understand that TFSA stands for Tax-Free Savings Account, but what's the significance of the 30-day rule? And what happens if I don't follow it? Is there a penalty or does it affect my ability to contribute to my TFSA in the future? Could you provide a real-world example or scenario to illustrate how this rule works? Thank you for your help!

What is the 30 day rule for TFSA?

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