How to withdraw from your Tax-Free Savings Account (TFSA)

This is an instructional video showing how to withdraw from your tax-free savings account.

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How to withdraw from your Tax-Free Savings Account (TFSA)

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To withdraw all or part of a TFSA, sign into RBC® Online Banking

Open the account from which you wish to withdraw funds.

Note: Guaranteed Investment Certificate redemption within a TFSA is not permitted

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Select “Withdraw Investments”.

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Then select…
• The account you’re withdrawing funds from
• The amount of the withdrawal
• The account the withdrawal will be credited to. (Funds must be credited to a Canadian- dollar personal account with sole or joint ownership)

Select “Continue”.

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Enter an email address or phone number.

Select “Continue”.

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Verify the transaction details.

Select “Submit”.

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The “Transaction Submitted” page will show your confirmation number for your records.

That’s all there is to it. Bye for now.