Common use of Sources of Funds Clause in Contracts

Sources of Funds. Cash, mutual funds or other investments transferred to your TFSA must be “qualified investments” and must not be “prohibited investments” within the meanings attributed to them respectively in the applicable tax legislation. As prescribed by the Tax Act, your TFSA is prohibited from borrowing money or other property for the purposes of your TFSA. All amounts transferred to your TFSA must come from: • Another TFSA you own; • A TFSA of which your spouse or common-law partner or former spouse or common-law partner is the account holder, provided that (i) you are living separate and apart at the time of the transfer, and (ii) the transfer is made under a decree, order or judgment of a competent tribunal or under a written separation agreement relating to a division of property between both of you in settlement of rights arising out of, or on the breakdown of your marriage or common-law partnership; or • Other sources that may be permitted from time to time by the applicable tax legislation.

Sources of Funds. Cash, mutual funds or other investments transferred to your TFSA must be “"qualified investments” " and must not be “"prohibited investments” " within the meanings attributed to them respectively in the applicable tax legislation. As prescribed by the Tax Act, your TFSA the trust is prohibited from borrowing money or other property for the purposes of your TFSA. All amounts transferred to your TFSA must come from: • Another TFSA you own; • A TFSA of which your spouse or common-law partner or former spouse or common-law partner is the account holder, provided that (i) you are living separate and apart at the time of the transfer, and (ii) the transfer is made under a decree, order or judgment of a competent tribunal or under a written separation agreement relating to a division of property between both of you in settlement of rights arising out of, or on the breakdown of your marriage or common-law partnership; or • Other sources that may be permitted from time to time by the applicable tax legislation.

Sources of Funds. Cash, mutual funds or other investments transferred to your TFSA must be “"qualified investments” " and must not be “"prohibited investments” " within the meanings attributed to them respectively in the applicable tax legislation. As prescribed by the Tax Act, your TFSA is prohibited from borrowing money or other property for the purposes of your TFSA. All amounts transferred to your TFSA must come from: • Another TFSA you own; • A TFSA of which your spouse or common-law partner or former spouse or common-law partner is the account holder, provided that (i) you are living separate and apart at the time of the transfer, and (ii) the transfer is made under a decree, order or judgment of a competent tribunal or under a written separation agreement relating to a division of property between both of you in settlement of rights arising out of, or on the breakdown of your marriage or common-law partnership; or • Other sources that may be permitted from time to time by the applicable tax legislation.