Is the TFSA really just a Tax Free Banking Account , as many institutions seem to sell their customers? No, but many folks seem to think this is the case.
If you were given a free day to do whatever you want, what would you do? Today is that day. What financially should you do in a leap year?
The end of the calendar year is when you can do one simple trick with a TFSA transfer out, if you are only planning on doing it for a short-term move. Check your My CRA Account to be sure what your TFSA limit is.
It is that time of the year where the argument about RRSP or TFSA starts. How about RRSP then TFSA as a possible solution? If you can do both without incurring debt, you are doing quite well.