TFSAs - tax-free savings accounts that have different investment opportunities: GICs, bonds, shares, mutual funds, and others. Thus, the total interest income on BMO TFSA can be quite high.
The TFSAs can be managed by the bank representative or be self-directed.
Thus, the bank provides BMO investorline TFSA application, enabling a client to invest in shares, ETFs, mutual funds, and other securities by himself.
The app has 9,95CAD BMO TFSA monthly flat fee. An additional commission of 1,25 per CAD per options contract can be applied.
6 000 CAD is TFSA contribution limit in 2021.
How to withdraw from TFSA BMO? A client should call 1-877-225-5266 and communicate his withdrawal plans.
You can use Bank of Montreal Harris TFSA calculator at the linhttps://www.bmo.com/main/personal/investments/tfsa/k.