Have a Question?

Enter your question in sentence form (e.g., How do I contact Simplii Financial?).
Don't include any confidential information, such as card or account numbers.

We matched your question to:

Do I have to pay tax on withdrawals from my TFSA or pay withholding tax?

Rate this response

No, you don’t pay tax when you withdraw funds. Withholding tax doesn’t apply in most cases.

"SIMPLII FINANCIAL" and the SIMPLII FINANCIAL DESIGNS are trademarks of CIBC. "Simplii Financial" is a division of CIBC. Banking services are not available in Quebec.
powered by [24]7