Blogs & Comment

TFSA fees now online

A table is now available online comparing fees charged by various Tax Free Savings Accounts (TFSAs). It’s at website Tax Free Savings Account. Information on promotional incentives isincluded.The table should beuseful to prospective TFSA buyers given how the fees can vary considerably across providers — from none to many (some of which can be rather high).
I’m told there are two tables listinginformation from banks, mutual funds, brokerages, and insurance companies onTFSA administration fees,withdrawal fees,minimum investments, as well as a chart of TFSA incentives. Asmentioned in my column on TFSAs, Buyer Beware, another website, RedFlagDeals.complans to provide fee data too — but not yet so far .