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.

Steps:

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
Nov 19, 2018

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  • 2.40% Savings Accounts
  • 2.85% 1 Year Cashable GIC
  • 3.40% 5 Year Cashable GIC
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