Tax-Free Savings Account (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, we can help determine the right solution for you.