Tax Free Savings Account

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A Tax-Free Savings Account (TFSA) is a registered savings account that allows Canadian residents to earn tax-free investment income on contributions made to the account

 

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As of 2023, the annual contribution limit is $6,000. Unused contribution room from previous years can also be carried forward.

 

TFSAs can hold a variety of investments

 

Including stocks, bonds, mutual funds, exchange-traded funds (ETFs), and savings accounts.

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Any growth in the account, is not taxed.

Including interest, dividends, and capital gains.

The contributions made to a TFSA are not tax-deductible, but withdrawals are tax-free.

Book an appointment to open your TFSA

and start saving for your future

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