Glacier’s process with regard to the Tax-Free Investment Plan
According to legislation, a product provider must decline to transfer any amount in respect of a TFSA (Tax-Free Savings Account) during the last 10 business days of the tax year.
With regard to the Glacier Tax-Free Investment Plan, the following process is followed around this 10-day period:
|Up until 12 February 2021 COB||If we have received an instruction to transfer a TFSA before the 10-day freeze period and all requirements were received||We would have continued with the transfer and generated the transfer certificate|
|From 15 to 28 February 2021||If we receive an instruction to transfer a TFSA during the 10-day freeze period||We will hold off on the transfer until the new tax year and generate the transfer certificate within the new tax year|
Please contact your Glacier representative if you have any questions in this regard.