Introducing Virtual Brokers' Credit Max!
Make the most out of your margin and TFSA accounts with our new Credit Max feature! Virtual Brokers can now link your TFSA to your margin account to provide you with more buying power for your trades.
All Virtual Brokers clients will have the freedom to choose whether to link an existing TFSA or create a brand new TFSA with us to gain the rewards from our new Credit Max feature, while still keeping your TFSA assets tax free.
Login to link your account now!
(under Dashboard > Account Services > Credit Max)
What is KIP?
Holdings in your margin account will be liquidated first before those in your TFSA account if you do not rectify an under margin situation in a timely manner. As per CRA regulations, any withdrawals from your TFSA account cannot be re-contributed to the TFSA within the same tax year unless you have sufficient contribution room.
We recommend that you consult a tax professional to discuss your particular situation as they relate to interest tax deductibility and TFSA contributions.