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TAX-FREE SAVINGS ACCOUNT (TFSA)

Enjoy tax-free growth on money earned inside your TFSA. You can invest in eligible products such as Term Deposits, Index-Linked Term Deposits, Mutual Funds* and more.

Why you Should Have a TFSA

✔ Contribute up to $6,000 in 2019
✔ No taxes on income or withdrawals
✔ Carry forward unused contribution room


What is a TFSA?

A TFSA is a government-sponsored account where any money earned inside is not taxed. That means when you earn interest, a dividend or the value of a mutual fund* goes up, you get to keep all of the money you made tax free.

How Does it Work?

Every year you can contribute more money to your TFSA. You can add up to $6,000 in 2019 for a maximum of $63,500 in your lifetime, so far. You’re allowed to withdraw money anytime and can put it all back in the following year if you want.



Yearly Contribution Limits*

*Based on the proposed Federal budget changes.

YearContribution Limit
2019$6,000
2016 - 2018$5,500
2015$10,000
2013 - 2014$5,500
2009-2012$5,000


Open a TFSA Today

Setting up an account only takes a few minutes.

See How You Can Grow Your TFSA

*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. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments and the use of an asset allocation service. Please read the prospectus of the mutual funds before investing. Unless otherwise stated, mutual funds and other securities are not insured nor guaranteed, their values change frequently and past performance may not be repeated. Credential Securities is a registered mark owned by Aviso Wealth Inc.

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