Tax Free Savings Accounts
Since 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 unused amounts from your annual
contribution limit carry forward indefinitely for future use.
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.
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 TFSA today.
Tax Free Savings Account