There are a lot of ways to manage your money.
There are a lot of ways to manage your money.
There are a lot of ways to manage your money.
There are a lot of ways to manage your money.
A TFSA is the perfect way to reach your savings goals faster.
Easily accessible savings designed to help you get ahead
A TFSA lets you save your after-tax income and pay no further taxes on those funds or investment returns.
Use the money for any reason you like.
TFSA savings grow tax-free and you don’t pay tax on your withdrawals.
When you use your savings, you can re-contribute over and above your annual contribution limit.
Withdraw money whenever you like (subject to investment restrictions).
Unused contribution room can be carried forward to use in future years.
Withdrawals don’t affect your eligibility for federal income-tested benefits.
How much can you contribute?
Year(s) | Contribution limit |
---|---|
2009-2012 | $5,000 |
2013-2014 | $5,500 |
2015 | $10,000 |
2016 | $5,500 |
2017 | $5,500 |
2018 | $5,500 |
2019 | $6,000 |
2020 | $6,000 |
2021 | $6,000 |
2022 | $6,000 |
Please consult your Notice Of Assessment or call the Canada Revenue Agency (CRA) at 1-800-959-8281 to find out your personal TFSA contribution limit. Unused contributions from previous years can be carried over and past withdrawals can be re-contributed in the following year.
A TFSA is the perfect way to reach your savings goals faster.
*APR. Terms and conditions apply. See in branch for details. Rates subject to change without notice.
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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