Tax Free Saving Account (TFSA)
A Tax-Free Savings Account (TFSA) is an account that does not apply taxes on any contributions, interest earned, capital gains or dividends. TFSA is available to individuals aged 18 years and above in Canada and can be used for any purpose in short or long term financial goals. The fund is accessible at all times for rainy days.
The room limitation that you can contribute to TFSA can be found on your notice of assistance. Before coming to your consultation session with our advisor, please ensure you have a copy of your notice of assessment.
TFSA eligible investments can be
- Mutual funds