55 Comments

  1. armaan on June 23, 2014 at 5:48 pm

    Hello FrugalTrader,

    I need to know, how TD is calculating div / distribution for various funds. As an example for bond fund i am getting monthly, so if i need to move my fund i can easily move. However for few fund i am receiving yearly, and it’s 3 digit amount, so i don’t want to loose that. However, my question is in order to get that distribution / div i need keep the money in that index fund for full year, or i can just put it back in Oct – nov time frame.

    Thank you!

  2. Chris on November 29, 2014 at 11:33 am

    Did anyone figure out how to add an additional beneficiary (2nd child) to an existing e-series family RESP? When I called TD easyline, they said adding someone was not possible and that I’d have to open another mutual fund account (then do the conversion to e-series) for the new baby. I know it’s possible to have multiple beneficiaries on one RESP as this is the whole point of setting up a family plan. Any help would be helpful. Thanks.

  3. emunster on November 29, 2014 at 12:27 pm

    I have both my kids under a family plan with TD e-series mutual funds. They told me the same excuse as you that it couldn’t be done.

    This is what I did,

    I had individual plans for my kids with TD Mutual funds ( i-series) opened a family RESP account with TD Waterhouse discount brokerage ( I have all of my RRSP, TFSA accounts with TD Waterhouse), it’s best to make an appointment ( if you choose this route )with a TD Waterhouse branch and they will get the paperwork done for you.

    I transferred both individual accounts to my new RESP account, once the transfer went through I sold the i-series mutual funds and purchased TD e-series mutual funds in the family plan.

    The rep actually encouraged a family plan because there is a yearly admin fee of $50.00 I think if you have less than $25,000 in your account, no use in paying the fee for 2 accounts when you can have 1 account in the family plan. Both kids under one account, I manage the account myself over the internet, no mailing in forms.

  4. josessmith on March 19, 2016 at 6:43 am

    Great post, I recommend https://www.calforex.com/en/locations/toronto-currency-exchange/ for foreign money exchange service in Toronto

Leave a Comment





This site uses Akismet to reduce spam. Learn how your comment data is processed.