
TFSA
Tax Free Savings Account
The Tax-Free Savings Account (TFSA) is an investment that allows you to save money without being taxed on the investment income earned.
Features of this registered product include:
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Available to Canadian residents age 18 and older
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Contributions will not be tax deductible
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Contributions may only be made by the owner
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Income earned and capital gains under a TFSA will be tax sheltered
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Withdrawal of contributions and/or income will not be subject to tax
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Unused contribution room may be carried forward and contributed in a future year
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Withdrawals (capital and income) will increase the unused contribution room
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TFSA Mutual Fund accounts are available through Credential Asset Management Inc.