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How do I make a TFSA withdrawal?

TFSA withdrawals can be made online using WebBroker:

 

Click Transfer from the top right utility bar

Select the account to make your transfer from

Select an eligible account to transfer the money to

Enter the amount you wish to transfer

Review and confirm your transaction

 

TFSA withdrawals can be made at any time in the calendar year (subject to any withdrawal restrictions in the investments chosen).

 

Please note: Any amount withdrawn from a person's TFSA is added back to the person's TFSA   contribution room in the next calendar year.  Re-contribution to a TFSA of any withdrawn amount in the same calendar year on a tax-free basis can only be done if existing TFSA contribution room is available. There is no tax applied to TFSA withdrawals.

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