VBAL
VANGUARD BALANCED ETF
stock TSE

No taxes on buying or selling. Only on money withdrawn.
I am assuming they are old. Get her to sell all this and buy something low-risk like VBAL.

The last two posts were spot on. If your GIC hasn't matured you should wait until it does and make sure your GIC isn't set to auto renew or it'll be reinvested into a new GIC at RBC. NEXT, use AI (Gemini for example) and ask this question "If I have a TFSA at Wealthsimple and I want to transfer in some TFSA money in cash from RBC, what is the process?" - you'll get the instructions below. Once the cash is in your Wealthsimple TFSA, it's up to you how to invest it. Money Market is 2.5% if you want 100% risk free but unless you are going to need the money in the next couple of years you should consider the risk / reward. A fund like VBAL is considered a balance fund and will do much better than Money Market on average.
Gemini:.
To transfer cash directly from an RBC TFSA to a Wealthsimple TFSA without affecting your CRA contribution room, you must initiate a **direct institutional transfer** from within Wealthsimple.
**Step 1: Download your RBC statement** Log in to RBC Online Banking or RBC Direct Investing and download a PDF of your most recent account statement.
**Step 2: Liquidate holdings at RBC (If applicable)** If the money at RBC is currently invested in GICs, mutual funds, or stocks, sell or redeem them into cash within the RBC TFSA so the funds are settled and available for transfer as cash.
**Step 3: Request the transfer in Wealthsimple**
Open the **Wealthsimple app**.
Tap the **Move** icon (two arrows) at the bottom.
Select **Transfer account to Wealthsimple**.
Choose **Royal Bank of Canada (RBC)** as the source institution and select **TFSA** as the account type.
Select **As cash** (or specify the partial cash amount) as the transfer type.
Upload your RBC statement PDF to auto-fill your RBC account number and profile details.
Review and sign the transfer request.
**Key Things to Keep in Mind**
**Contribution Room:** Always use Wealthsimple's transfer request workflow. **Do not** manually withdraw cash from RBC to your chequing account and deposit it into Wealthsimple, as that counts as a new contribution and could cause an over-contribution penalty.
**Transfer Fees:** RBC typically charges a transfer-out fee (\~$135–$150). However, Wealthsimple automatically reimburses transfer fees on account transfers of **$25,000 or more**.
**Timeline:** Direct institutional transfers generally take **2 to 4 weeks** to fully complete and settle in your Wealthsimple account.