Tel: 905-681-2829

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BMO Nesbitt Burns
429 Elizabeth Street
Burlington, ON
L7R 2L8
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TFSA

 

Beginning in 2009, individuals 18 years of age and older, can contribute up to $5,000 per year to a TFSA where the holdings grow and earn income tax-free.

The TFSA may be a suitable savings vehicle for you, depending on your specific financial plan. Given the tax-free nature of the investment income and flexibility regarding withdrawals and re-contributions, there are many options we could explore and take advantage of.

The savings you build in the TFSA can be used at anytime and for multiple purposes – it’s completely up to you! Whether you have short, medium or long-term savings goals, such as saving for a special purpose or supplementing your other tax sheltered plans, I can help determine the right solution for you.

Please feel free to contact me about how a TFSA can complement your overall wealth management plan or to set up your TSFA today.

Note: For BMO Nesbitt Burns, TFSA account holders are required to be the age of majority to open a TFSA – for some jurisdictions (B.C., N.S., N.B., Nfld., Yukon, North West Territories, Nunavut) the age of majority is 19.