Tax-Free Savings Accounts (TFSAs)
TFSAs were introduced by the federal government to encourage people to save, tax-free. Using after-tax dollars (i.e. your take-home money after deductions), you can invest up to $5,500 per year in a TFSA account. TFSAs are allowed to grow tax-free and are available in a variety of different types to suit your needs, such as a term deposit or stocks and bonds.
Best of all, you can withdraw this money from your account at any time, without a tax penalty. A TFSA should be part of almost anyone's financial portfolio since it is a great solution for a variety of purposes. Read on to see why!
TFSA: Redeemable iSave
Want a more accessible and flexible option? The Tax-Free Savings Account iSave provides the tax savings and the accessibility you need. More
TFSA: Non-Redeemable Term Deposit
Are you looking for a longer term investment that has the potential to earn a higher rate of return and provide tax savings? The Tax-Free Savings Account Non-Redeemable Term Deposit may be the right option for you. More
TFSA: Wealth Accumulator
With the Tax-Free Wealth Accumulator, you can easily start your savings with convenient automatic, affordable smaller deposits. Let the Wealth Accumulator do the work for you and watch your savings grow. More
TFSA: Mutual Funds*
Mutual funds are a popular way to invest because you can choose your own style of investing - aggressive or conservative, local or foreign, short-term or long-term. More
TFSA: Stocks and Bonds*
A wide selection of stocks and bonds is available in the form of publicly traded stocks on the Canadian and U.S. stock exchanges, as well as government and corporate bonds, income trusts, and preferred shares. More