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Is an ACIC investment TFSA eligible?

acic eligible Investment tfsa
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Is an ACIC investment TFSA eligible?

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At this point in time we do not handle TFSA accounts. The minimum amount set by ACIC policy for a registered account (which must be held by a 3rd party trustee) is $20,000 whereas the maximum Federal Government allowable in a TFSA has not reached this limit. At the time when the TFSA Federal Maximum is equivalent to ACIC’s minimum, we will re-evaluate whether we will handle TFSA’s.

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