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How can clients move money into the new U.S. Dollar Component for RSPs/TFSAs?
Contributions cannot be made directly into the U.S. Dollar component of a RSP/TFSA. Contributions are made to the Canadian Dollar component and then you use the Foreign Exchange function in WebBroker or EasyWeb to move funds to the U.S. Dollar component.
To move money from U.S. Dollar RSP/TFSA component to the Canadian component RSP/TFSA and vice versa, simply use the Foreign Exchange function in WebBroker or EasyWeb and choose the accounts you want in the drop downs.
Asset/Cash movements between the U.S. Dollar and Canadian components of the RSP/TFSA are considered non-taxable transactions.
Please note that the answers to the questions are for information purposes only for the products discussed. Individual circumstances may vary. In case of discrepancy, the documentation prevails.