I find myself in a situation where i unexpectedly need to buy a wheelchair accessible vehicle, which even used is costly. I have a maxed out TFSA account, savings account and non registered account. Im needing about between $40,000 to $50,000 for the purchase. Luckily i have some RBC GICs maturing next week in my TFSA account. I currently own my other household vehicles so have no car payments. Would you withdrawal all from TFSA, or get a car loan, or use low rate LOC. Im thinking of taking the money out of my TFSA then on 1 Jan replacing it by selling stocks from my non registered account in order to keep my TFSA account maxed out again. Is that the best option? Any suggestions would be appreciated. Thxs
