Monday, January 5, 2009

TFSA account opened!

Today, I opened my TFSA account with RBC Direct Investing.

Now, I can't say I was overly impressed with the experience: the form was hard to find (it's here if you want it), and although you can fill it out on your computer, I don't recommend it. It has so many glitches I had to fill part of it by hand. I'd have been better to print it off and fill all of it out by hand - would have saved time and frustration.

I dropped it off at their Investor Centre downtown and told them how bad it was, but I'm not sure they're going to tell head office, so I'm going to call tomorrow.

I really like RBC DI, and they're improving all the time. This was just not up to their usual standards.

That being said, I'm very excited. As soon as my account is opened, I'll tranfer $5,000's worth of Royal Bank shares (you have to enjoy the symmetry!). They're at a miserable $36 right now, so I figure I'll get to benefit from tax free capital gains when the markets finally pick up, plus tax free dividends (no big deal given the great tax deal we get on dividends, but hey, every little bit counts).

I'm glad that's done. I have a tendancy to procrastinate on these things, so I'm pretty pleased with myself.

0 comments: