Tax Free Savings Accounts (TFSA)

 

TFSA Quickfacts:
 

  • Starts January 1st, 2009
  • Available to Canadian residents age 18 and over

  • Any growth or income earned on investments will not be taxed

  • Limit $5,000 per year

  • No tax deduction is received

  • Unused contributions can be carried forward like an RRSP

  • Withdrawals create re-instatement of contribution room


    For more detailed information, please Contact Us