Tax Free Savings Accounts (TFSAs) let you grow your money, invest for both short and long-term goals, and are available for any Canadian over the age of 18.
Contributions are not deductible for income tax purposes, but investment income earned (including capital gains) will not be taxed, even when withdrawn.
Access your funds whenever you choose without having to worry about being taxed when you take them out.
There is no minimum income level required. Annual contribution limits change often, and unused contributions can be carried forward.
In addition to your annual contribution limit, any unused contribution room can be carried forward. Plus, your withdrawals are added back to your contribution limit the following year.
Making room for your financial goals can be tricky but saving for the future – your future – should be your top priority.
To report lost or stolen cards please call (888) 277-1043 for debit cards and (855) 341-4643 for credit cards.
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