Here's the situation I (my wife) currently has. No TFSA currently. RRSP with a good sum of assets in it. She's 43. Homemaker. Can anyone see any disadvantage of moving $10K from the RRSP to TFSA (apart from the withholding tax)? I assume she would get the withholding tax back on her tax refund, as her income apart from the RRSP transfer would be $0. The idea here is to leave the U.S/foreign holdings in the RRSP, and bring the Canadian assets into the TFSA. Thoughts?
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