Royal Bank of Canada TFSA

At the Royal Bank page located at they have just general information about its tax free savings account. One interesting piece of information on the page is that this is the first bank that I have seen where it looks like they encourage people to have both an RRSP account and a TFSA.

Example, on the page they indicate how if you have maxed out your RRSP contributions then a TFSA would be perfect for you. For banking fees, it does state on its FAQ page “There will be no withdrawal fees or annual administration fees with a TFSA from RBC Royal Bank” which is great for people considering RBC.

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