In order to transfer an existing TFSA account to IBKR, you will first have to open a TFSA account with IBKR.
Once you have done that, you can request an ATON position transfer from Client Portal. Please ensure you have your correct broker information and your full account number. Also, please note that IBKR only accepts ATON transfers for registered accounts.
Use the button above or follow the below procedure to initiate an ATON transfer:
- Log in to your IBKR account via Client Portal
- Select Transfer & Pay followed by Transfer Positions
- Select Inbound Position from the Transaction Type menu
- Select ATON from the Method menu and provide your Broker Information.
Non-ATON Eligible Transfer
To initiate a non-ATON transfer into a TFSA account:
- Completion of IBKR's "RSP and TFSA Transfer" Form, requesting a CAD check for the proceeds of the account to be mailed to Interactive Brokers Canada as a transfer
- Interactive Brokers CanadaAttn: Document Processing1800 McGill College Avenue, Suite 2106Montreal, QuebecH3A 3J6
- Send the completed form to contra firm (current financial institution), and forward a copy to IBKR via ticket or by email to newaccounts.ca@interactivebrokers.com
Please Note
- Only CAD is accepted, and a check must be made payable to Interactive Brokers Canada.
- Client's name and IBKR account number should be indicated within the memo section of the check, or on the accompanied transfer documents.
What are the next steps?
Nothing is needed from your end. The process for ATON is automated.
Once ATON Transfer has been initiated, you may monitor the status of your transfer request through the Transfer & Pay then select Transaction History menu options in Client Portal.
Timing
- For ATON eligible brokers, most assets transfer between 3 to 8 business days, but it varies depending on your broker.
- For non-ATON eligible brokers, timing is wholly dependent on your broker delivering the check of the proceeds to IBKR. The check is also subject to a deposit hold for 6 business days.
- IBKR will provide status on your transfer under Transaction Status & History.
Fees
IBKR does not charge a fee for the transfer, however, your current broker may apply a fee to the outgoing transfer. The fee will be included on the transfer to your IBKR account. It is advised that you pre-fund your IBKR account to cover any fees charged by your broker.
Please Note
- In some instances, brokers are not able to transfer TFSA accounts via ATON if the account is currently being held on the banking level of the financial institution instead of the brokerage side. In these cases, you will want to request that your current financial institution transfer your banking level account to the brokerage level and request an ATON transfer in Client Portal. Please note, transfer fees charged by the delivery broker are not credited by IBKR.
- IBC does facilitate manual or "non-ATON" TFSA inbound transfers (from another financial institution).
- IBC does not support TFSA outbound or inbound transfers (to or from another financial institution) via Free of Payment (FOP) or Direct Registration Statement (DRS).
Additional Information
- Account Transfer on Notification (ATON) can be found on our website.