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TFSA

Tax free and stress free savings

With a Tax Free Savings Account (TFSA), any earnings your savings bring in are tax-free. With its flexible features, a TFSA can help you achieve short or long-term goals.

How it works:

  • Any Canadian (age of majority or older) with a valid SIN number can open a TFSA.
  • Invest up to your TFSA contribution limit. This year, the limit is $6,000, but if you have unused contribution room from previous years, you may be able to invest more.
  • Fill your TFSA with a mix of savings and investments. Options include savings accounts, GICs, mutual funds*, stocks*, bonds*, and more.
  • Don’t pay tax on any growth earned inside your TFSA (including interest, dividends and capital gains).

Featured advice and stories

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Mutual funds are offered through Credential Asset Management Inc.  Mutual funds and other securities are offered through Credential Securities, a division of Credential Qtrade Securities Inc. Credential Securities is a registered mark owned by Aviso Wealth Inc.

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