TFSA while waiting for PR

[kiwissima]

I was planning on opening a registered account (TFSA) once I get the permanent SIN ... however this PR application is taking forever (AOR April 2020).

What does it happen if I open the TFSA with my temporary SIN? Will it be converted automatically to the permanent SIN once I become PR?
I just want to avoid any confusion with CRA

 

[Wolfpmd3]

I was planning on opening a registered account (TFSA) once I get the permanent SIN ... however this PR application is taking forever (AOR April 2020).

What does it happen if I open the TFSA with my temporary SIN? Will it be converted automatically to the permanent SIN once I become PR?
I just want to avoid any confusion with CRA

I think you can't even open one without a permanent SIN... double check that.

CRA will not get confused with you changing your SIN, don't worry.

 

[aammyy]

I've got a TFSA with my temporary resident SIN, I imagine it will be as simple as updating your bank and the CRA when you get your permanent SIN - no biggie!

 

[pulkitkumar190]

Can confirm, I am on Open Work Pemit, and I have my TFSA with wealthsimple. Planning to open one with questrade to get US$ TFSA, so I don't get hit by exchange fee after buying selling us stocks.
Regarding new SIN after PR, you just update the bank and employer and TFSA company with new SIN after PR