It is not possible to convert an individual account into a TFSA account.
Account Opening Options
Opening a New TFSA Account
If you wish to open a TFSA account, you will want to start an application by clicking the red 'Open Account' button located in the upper-right hand corner of our home page.
Opening a Linked RSP/TFSA Account for Existing Clients
However, if you have an existing Interactive Brokers account, you can open a linked RSP/TFSA account through Client Portal:
- Login to Client Portal.
- Click the User menu (head and shoulders icon in the top right corner) followed by Settings.
- Under Account Settings find the Trading section
- Click Open an Additional Account.
- Choose which option best fits the account type you wish to open and click Select.
- Follow the prompts on screen and, once complete, your application will then be reviewed for approval by our Compliance Officer.
Please Note
- It is not possible to transfer funds or positions from an individual account into a TFSA. The best solution would be to withdraw the funds from your individual account to your financial institution, and then contribute it to the TFSA in CAD currency.
Additional Information
- Transferring funds in our Users' Guide.