Saving just got a whole lot easier!

Tax-Free Savings Account (TFSA)

What is a TFSA?

TFSA allows you to set money aside in eligible investments and watch those savings grow tax-free throughout your lifetime. Interest, dividends, and capital gains earned in a TFSA are tax-free for life. Your TFSA savings can be withdrawn  from your account at any time, TAX FREE.

 How does a TFSA works?

TFSA - allows cash inside the account to grow tax free

Investments available in a TFSA:

  • cash
  • mutual funds
  • securities listed on a designated stock exchange
  • guaranteed investment certificates
  • bonds
  • certain shares of small business corporations

How much can you contribute to a TFSA 

* Canadian residents, age 18 and older, can contribute up to $5,500 annually to a TFSA.
* Those who cannot contribute will be able to carry forward their unused contribution room to future years.

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