Grow Your Money Tax-Free With A TFSA

A tax-free savings account (TFSA) is a lot more versatile than you might realize. Speak with an advisor today to learn how you can take a step toward financial stability in your future.

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What Is A TFSA?
Pay Less Tax on Your Savings

Convenient

A TFSA offers you the flexibility to save for various short-term and long-term goals, usually, with easy access to your money depending on the type of investment you hold.

Versatile

A TFSA doesn’t have to be a savings account at a bank. Almost any investment you can hold in an RRSP  can also go into your TFSA. This includes bonds, stocks, mutual funds, etc.

Flexible

With TFSA withdrawals, whatever you take out is added back to your contribution room the following year.

Education

We draw expertise from thousands of advisors in hundreds of communities all across Canada.

Useful Things You Can Do
With Your TFSA

Income Splitting

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Retirement

The advisors with whom we work undertake comprehensive training and development to ensure they have the expertise you need.

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Build A Path To Wealth With A Financial Advisor

A tax-free savings account (TFSA) allows you to save money for any purpose. Earnings and withdrawals are not included as income for tax purposes—and that makes it a very powerful tool.

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Build A Path To Wealth With A Financial Advisor

A tax-free savings account (TFSA) is a lot more versatile than you might realize. Speak with an advisor today to learn how you can take a step toward financial stability in your future.

Frequently Asked
Questions

The limit is $6,000 in 2022. But the amount you can save depends on your personal TFSA contribution room. Your TFSA contribution room starts building up from the year you turn 18 or when the Government of Canada first introduced TFSAs, which was in 2009. This means if you’ve never put money into a TFSA before, your contribution limit could be as much as $75,500 (in 2022). The best way to find out how much money you can contribute to your TFSA is through ‘My Account’ on the Canada Revenue Agency (CRA) website.

The annual TFSA limit for 2022 is $6,000. The federal government may change the TFSA contribution limit from year to year. Although that limit increase has varied, it’s generally increased in line with inflation.

Then you might be able to deposit a total of up to $75,500 (as of 2022). Remember, any unused TFSA contribution room automatically rolls over from one year into the following year.

You automatically carry forward unused contribution room to future years.

You’re not limited to how many TFSAs you can have. In fact, you can have as many TFSAs as you’d like. But there’s a limit to the total amount you can contribute to your TFSAs. Whether you have one or multiple accounts, the annual TFSA limit (or the total contribution room) is per person, not account.

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