A TFSA will help you save for any goal – a new car, home renovations, that dream vacation.
Because it’s tax-free, you pay no taxes on investment earnings, ensuring your savings grow faster.
Enjoy the benefits of a TFSA
- Grow your money — Because your TFSA is tax-free, all your investment earnings stay in your pocket.
- Use it for any goal — Your TFSA isn’t tied to a specific goal, so you can withdraw money anytime without repaying.
- Build contribution room — Unused contribution room can be carried forward to use in future years.
- Carry over withdrawals — Any withdrawal you make adds extra contribution room the following year.
- No age limit — Unlike the RRSP, you can contribute to your TFSA from the age of 18 onwards for as long as you like.
- Flexible investing options — Your TFSA can hold a number of investments, including Term deposits and mutual funds.
Get retirement ready with an RRSP
Set yourself up for the retirement of your dreams with a tax-sheltered government savings plan designed to help you get there.
See how investing in a TFSA will help your savings grow faster compared to a non-tax-sheltered investment.
Get in touch! We’ll be happy to help review your options and determine if a TFSA is right for your goals.
Whatever your goal, our expert planners at Growth Financial will help create a bulletproof plan to get you there.
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