Set Money Aside and Watch Those Savings Grow Tax-Free!!!
A TFSA allows you to set money aside in eligible investments and watch those savings grow tax-free throughout your lifetime. Interest, dividends, and capital gains earned in a TFSA are tax-free for life. Your TFSA savings can be withdrawn from your account at any time, for any reason, and all withdrawals are tax-free. Other advantages to a Tax Free Savings Account include:
- Tax-Free Compounding: Investments inside a TFSA grow tax-free
- No barrier to withdrawals
- Share contribution room with a spouse
- Annual contribution room is the same, regardless of income
- Unused contributions can be carried forward to the next year and added to that year’s contribution limit
- No mandatory withdrawals
- Withdrawals won’t impact government benefits
- No tax upon death
Call 604-260-7150 or complete the form on the right to speak with an Advisor.