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Can I use my Tax Free Savings Account (TFSA) to make RSP contributions?

Yes, you will need to first redeem from your TFSA account and then contribute to your RSP.

Keep in mind that withdrawals from your TFSA can't be re-contributed until the following calendar year or later.

For further assistance contact:-

  • GICs & Term Investments: 1 877 225 5266
  • BMO Mutual Funds: 1 800 665 7700
  • BMO InvestorLine: 1 888 776 6886

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