Depending on the type of TFSA you currently have with TD, there may be a charge for you to transfer it out. If you have a:
- TD High Interest TFSA Savings Account offered through TD Canada Trust: Assuming your funds were in cash, there is no fee to transfer your TFSA to another institution.
- TD Mutual Funds TFSA: There is no fee to transfer to another institution. However, please note that all TD Mutual Funds, with the exception of Money Market Funds, are subject to a 2% early redemption fee for funds sold within 30 days of purchase, including units purchased through a pre-authorized purchase plan.
- TD Direct Investing, formerly TD Waterhouse, TFSA: There will be a $135 transfer fee to transfer out to another institution.
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