I have a TFSA mutual fund account with TD Canada Trust and am looking to do some re-balancing of funds within this account. I am aware that I can use the "Switch funds" feature to accomplish this.

However, I was wondering if using the switch option will have an impact on my contribution room for the year?

Example: if I switch $1,000 from the Canadian Index-e to European Index-e fund, will that mean that I have used/lost $1,000 of my contribution room? Or, since the funds are staying within the same TFSA, the contribution room stays unaffected?

1 Answer 1


No, you only lose the room for the remainder of the year if you withdraw funds. As long as there are no withdrawals, you're fine.

Note I said "remainder of the year", that's because you'll regain this room at the start of the next calendar year.

You must log in to answer this question.

Not the answer you're looking for? Browse other questions tagged .