TFSA Transfer Fees

8 responses

  1. Paul T
    January 6, 2016

    Most receiving institutions will cover some or all of the transfer out fees.

    Might be worth investigating if you really want to leave TD

    Reply

    • bigcajunman
      January 6, 2016

      Good to know, I don’t have my TFSAs with TD Mutual Fund Services, they are with TD Waterhouse, and I guess I need to figure out what the xfer fees are for them? Not really, they haven’t overly pissed me off (lately (since the latest RDSP cock-up)).

      Reply

      • Paul T
        January 6, 2016

        Then it might be even easier to get them covered.

        I managed to get CIBC IE to give me 50 “free” trades because I was a loyal customer. Mainly because other Discount Brokerages were offering more than that if I transferred my account to them. Just gotta ask sometimes 🙂

        Reply

      • bigcajunman
        January 6, 2016

        Excellent point, you need to ask if you are a good customer, to be treated better! 💩

        Reply

      • B
        January 7, 2016

        The transfer out was $135 as of 2014. Perhaps the fee has increased in the last year,… Most of their other fees have.

        https://www.td.com/to-our-customers/tdhelps/#psce%7Ccid=871%7Clid=1%7Ctid=001%7Cvid=a02550c2e

        Reply

      • bigcajunman
        January 7, 2016

        OUCH!!!!

        Reply

  2. Michael James
    January 6, 2016

    Wow! Can you avoid this fee if you take your money in a duffel bag? I’m going to keep cheering on the lower-cost start-up financial institutions.

    Reply

    • bigcajunman
      January 6, 2016

      I do like the duffel bag comment, well put!

      Reply

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