A Tax-Free Savings Account (TFSA) will help you save money for short and long-term goals. Because it’s tax-free, you pay no taxes on the interest or investment income earned.
Enjoy the benefits of a TFSA
- Grow your money – Because your TFSA is tax-free, your earnings will be tax sheltered.
- No age limit – Unlike the RRSP, you can contribute to your TFSA for as long as you’d like.
- Use it for short and long-term goals – You don’t have to repay a TFSA withdrawal.
- Carry over withdrawals – Any withdrawal you make adds extra contribution room the following year.
- Carry over unused room – Couldn't contribute this year? Carry forward the unused room to future years.
- It can hold a number of investments – Term deposits, mutual funds, stocks and bonds included.
What we offer:
- High interest savings - withdraw at any time and make saving easy by setting up scheduled automatic transfers into your TFSA.
- Term Deposits - you can invest your money for a term of 1 - 5 years.
- Invest in mutual funds* through our partner Credential Asset Management Inc. or use our online brokerage* partner Qtrade Direct Investing™
- Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA)
Things to remember:
- Total contribution limits from the introduction of TFSAs in 2009 through 2023 should not exceed $88,000.
- TFSAs are separately insured for their full amount by the Financial Services Regulatory Authority (FSRA).
- Eligible for Canadians, 18 years old or older.
Ready to put the power of investing to work for you?
*Mutual funds are offered through Credential Asset Management Inc. Online brokerage services are offered through Qtrade Direct Investing, a division of Credential Qtrade Securities Inc. Qtrade and Qtrade Direct Investing are trade names and/or trademarks of Aviso Wealth.
Whether you're saving for retirement, a new car or a dream vacation, let us help you maximize your savings.
Our TFSA Calculator will help you figure out how much you could save for your life goals when you invest in a Tax-Free Savings Account.
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Read more about how to understand and maximize your TFSA limits.
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Discover the benefits of other investment options, like an RRSP.
