Re: TFSA top up at $1.92

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ldsands

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Re: TFSA top up at $1.92

in response to

TFSA top up at $1.92

grumpy01

posted on Jan 05, 2012 11:30AM

You're right Grumpy!

Also, a lot of people don't know that if you have shares in a cash account, you can call your broker or account manager and just have then transferred to your TFSA in kind. Some people seem to be under the impression that they would have to sell the shares from the cash account and then re-purchase in the TFSA....not so.

Another point, if it hasn't been mentioned, is that this year's contribution allowance is still only $5,000 (from CRA's website). It was not indexed higher to $5,500 as previuosly discussed on the board...so don't over-contribute folks!