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Video 17: How to execute your very first trade (walk through)To open a TFSA, you should choose a financial institution, an insurance company or an investment firm that best suits your needs. To apply for a. The Tax-Free Savings Account (TFSA) was introduced 1 Individuals must be the age of majority in their province of residence to open a TFSA with BMO Nesbitt. This offer applies to New or Targeted existing BMO Mutual Funds customers who open a new RRSP, TFSA, FHSA, RESP and non-registered accounts only. All other.