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:

  • Available to Canadian residents age 18 and older
  • Contributions will not be tax deductible
  • Contributions may only be made by the owner
  • Income earned and capital gains under a TFSA will be tax sheltered
  • Withdrawal of contributions and/or income will not be subject to tax
  • Unused contribution room may be carried forward and contributed in a future year
  • Withdrawals (capital and income) will increase the unused contribution room
  • TFSA Mutual Fund accounts are available through Credential Asset Management Inc.
 

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