Member Services

Make a TFSA withdrawal

Make a Tax Free Savings Account (TFSA) withdrawal

You can withdraw any amount from your TFSA at any time without paying tax on the principal or any accumulated investment gains.

To request a TFSA withdrawal, you must complete the Tax Free Savings Account Withdrawal form.


Outlook Financial
Box 2, Station Main
Winnipeg MB R3C 2G1

For more information, visit the Government of Canada's website page, The Tax-Free Savings Account.

Important Notes:

  • You can access funds from your Cashable GICs (in whole or in part) any time prior to the maturity date subject to the early-withdrawal interest rate, a $1000 minimum withdrawal amount and a minimum remaining balance of $1000.
  • Your withdrawal request will be completed within 1 business day of receipt. Log in to online banking to verify your withdrawal.
  • If you provided an email address on your Tax Free Savings Plan Withdrawal form, you will receive an email confirmation once we have completed your request.
  • To request a withdrawal due to any of the reasons listed below, please contact an Outlook Financial Representative for assistance.
  •         Excess contribution on TFSA pledged as loan collateral
  •         Marriage/relationship breakdown
  •         TFSA holder deceased
  • If you use Google Chrome you will need to disable the built-in default Google Chrome PDF viewer prior to downloading the form. For assistance with disabling the Chrome PDF Viewer please contact an Outlook Financial Representative.

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Rates effective
Aug 27, 2019

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  • 2.40% Savings Accounts
  • 2.35% 1 Year Cashable GIC
  • 2.65% 5 Year Cashable GIC
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