PT TFSA Shuffle | Peoples Trust | Discussion forum

Anyone with a PT TFSA is pretty much stuck with whatever they want to do until December when you can just withdraw and wait a month to go elsewhere. That's because either you pay a fee to transfer out, which cancels any interest improvement for months to come, and more, or you get out of tax sheltering until January.

Canadian Tire Financial did this mid year rate reduction for no good reason 2 years in a row. It caused so many complaints in year one, the next year they said in big letters on their site "This Is Not A Promotional Rate"! I fell for it. Then they did it again, dropped the rate 3 months later when nobody else did. We live and learn, but also remember.