Tuesday, September 29, 2009

My ING TFSA has Successfully Transferred to TD

I'm really excited about the TFSA the Canadian government has introduced. What a great incentive for people to save or invest their money tax free!

When it opened, I dumped $5000 into a high interest savings account with ING. Then after a few months, I realized that TD offered a whole lot more services, and I withdrew my full amount of TFSA from ING and would like to invest it in some index funds.

Even though I could invest in a TFSA Streetwise Mutual Fund with ING, I know that the 1% management fee is a little excessive for an index fund, when I can buy it for less from a TD Waterhouse account.

Wish me luck!

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