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.