Tax Free Savings Account
Beginning in 2009, individuals 18 years of age and
older1, 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.
feel free to contact me about how a TFSA can complement your overall
wealth management plan or to set up your TSFA today.