By: Larry MacDonald
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 is included. The table should be useful 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 listing information from banks, mutual funds, brokerages, and insurance companies on TFSA administration fees, withdrawal fees, minimum investments, as well as a chart of TFSA incentives. As mentioned in my column on TFSAs, Buyer Beware, another website, RedFlagDeals.com plans to provide fee data too — but not yet so far .




