Question for the Canadians, can you use TFSA to show funds for the DTV visa?
Answer summary
The conversation addresses whether Canadians can use their Tax-Free Savings Account (TFSA) to demonstrate funds for Thailand's DTV visa application. Participants share mixed experiences and opinions, suggesting that while some have successfully included TFSA funds, it may not be officially accepted as it is considered a type of investment rather than a liquid savings account. The consensus leans towards needing funds in a standard current or savings account for eligibility.
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Waqar ********
Nopes, only a current or savings personal account under your name is eligible. TFSA is more like a FD account which is not eligible.
Anonymous participant 918 I don't need exact 100% experience to prove my point. I know the general guideline by Thai embassies which is: the funds must be in fully liquid form. In finance terms, that's either a current or savings account. No shares, no investments, no retirement funds, nothing else.
Then I mentioned that you might get approved because some Thai embassies are more lenient than others. Even my DTV was approved so easily, while they could have easily asked for tons of additional documents but they didn't. So if you want to play risky, go for it. It's your money, your choice. But in theory, that's not sufficient.
what I suspect is happening is that the consulates don’t actually understand the TFSA. BUT, the key may be the name… tax free SAVINGS account so it’s possible some consulates would simply approve based on it being a ‘savings account’.