u/solvn_probs_lk_maria

I'm doing a large renovation this year. I'm applying for a HELOC that likely won't cover the full amount of the renovation so wondering where I should be drawing money from: my TFSA or the funds in my unregistered cash investment account.

I've been anticipating this reno for a while so have been putting money into cash.to ETF to avoid risk.

I know dividends from cash.to are taxed, but when I transfer funds out of the account into my personal chequing account is it taxed as income? Capital gains? none of the above?