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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 a TFSA 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 $7,000, 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 account (including interest, dividends and capital gains).

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Helpful links
TFSA guide
TFSA calculator
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Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc. Unless otherwise stated, mutual funds, other securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions.
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