A few years ago I transferred my TFSA from Tangerine t CIBC as a result I got fine a
large penalty I talked to Tangerine and they said it was not their mistake then I Talked to my Bank The CIBC and they said it was not their mistake Then I talk to my accountant and he said I was not the only one it happened to a lots of his clients, I withdrew all the money out of that TFSA and paid the
penalty wich was
large enough that 10 years of interest would not have made up for it So I will never put money in a TFSA again I prefer paying income tax on what I make
rather then getting shafed by the Government for some obscure rules