FormerXBC Inc XEBEQ

Lol 10.07 New High

[ZouZS3]

Where you at TT??

[tamaracktop]

Playing Scrabble and Words With Friends online. Anyone here play?

[Newtrader1982]

While you are at it you might want to correct your tfsa substitution statement seeing as there is no such thing and many here are following your advice.

[tamaracktop]

I believe it's you who is mistaken, unless the rules have changed since I lefte the business, which admittedly was 9 years ago. I'm absolutely certain it is regularly done in RRSP's to this day, so I don't see why it couldn't be done with a TFSA. I'll check with RBC.     In any event, if it can't be done I can't really see how people are following my

[Newtrader1982]

I believe I said that I don't know how it works for rrsp but for a tfsa you cannot do that let me know what rbc tells you

[tamaracktop]

Certainly. I will. Now you've got me curious myself.

[Andyoil1]

TFSA withdrawal rules If you withdraw any amount within Jan 1-Dec 31st, you cannot just go ahead and add this back to the TFSA in that same calendar year. You have to wait and add those funds back in, in the new calendar year. For example, I withdraw 12,000 from my TFSA on June 6, 2020. I have to wait until Jan 1, 2021 to add these funds back to the TFSA. As well, any transfer into your TFSA

[tamaracktop]

I don't think you're getting what I'm saying. We aren't on the same page at all. I'm talking about a substitution, which is something entirely different from what you're talking about, and I'm pretty sure I'm correct. I've tried to call RBC but got a recorded message. You seem quite intent on proving me wrong, and that's your prerogative, but I think you'

[ZouZS3]

you can transfer from tfsa to rsp and vice versa. The transfer will be a deemed disposition at FMV. TT is right

[Newtrader1982]

Ahh the blind tt follower chimes in lol we weren't talking about a transfer from rrsp to tfsa he was suggesting that if you have no contribution room you can simply do a substitution into your tfsa there is no such thing and fyi TT am not intent on proving you wrong simply want people to have correct information. Also that was somebody else responding not me I had already dropped it.