Investing your TFSA with PRISM Investments is a simple three step process designed to help you earn high returns.
STEP 1: A Tax Free Savings Account will be opened with Olympia Trust for you. An initial setup fee of $125 will be charged in addition to a $125 annual administration fee. HOWEVER, since the TFSA is a new program being offered by Olympia Trust, they have decided to waive the $125 setup fee. Click here for an updated fee schedule from Olympia Trust Company.
STEP 2: Next, send a letter of direction to your trustee instructing them to release the money from your Tax Free Savings Account. The money is transferred in trust to the PRISM Investments’ Solicitor (DMBH LLP In Trust) with instructions for the lawyer to release those funds for the purchase of shares in a specific investment opportunity with PRISM Investments. This entire process can take as little as 48 hours to complete.
STEP 3: Sit back and relax, confident you’re earning substantial returns with no tax.
SEPARATE: After your investment has been made, you will receive statements from the trustee tracking all deposits, withdrawals and administrative charges on your self-directed RSP account
