One thought on “Internal Information on the TFSA”

  1. Great article! I was just talking to my bank about opening a TFSA, and I currently have a high interest account with them. When I mentioned that I wanted to designate this account as a TFSA they told me that wouldn’t be possible, as their TFSA account only provides 0.5% interest, whereas my current account provides 1.5%. Is this correct? I was under the impression that I could designate any qualifying account (such as a cash deposit) as a TFSA, but that doesn’t seem to be what the banks are doing. Your thoughts would be appreciated. 🙂


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