Reach your investment goals faster
Whether you’re saving for a vacation or car, or a long-term goal like a new home or cottage, a tax-free savings account (TFSA) is a great way to meet your saving goal.
With a TFSA:
- You pay no tax on the growth of your investments
- You pay no tax on withdrawals
- You pay no tax when your TFSA passes to your heirs
TFSA withdrawals don’t affect federal income-tested benefits and credits such as Old Age Security or Employment Insurance. That makes TFSAs an excellent way to build extra savings for retirement or periods of unemployment.
Accelerate your education savings with these strategies:
Ready to invest?
Speak to your advisor to discuss investment options to help meet your needs. If you don’t have an advisor, we can help you find one.