When it comes to building a rainy day fund, there’s nothing more flexible than the Tax Free Savings Account. Introduced to Canadians in 2009, this registered savings account allows you to invest up to a maximum per year and withdraw funds whenever you’d like, all without paying any taxes on the investment income you earn. With a TFSA, you can:
- earn income tax-free
- make income-tax free withdrawals whenever you’d like
- contribute a maximum per year
- carry your unused contributions forward indefinitely
- access your account whenever you’d like
- hold a variety of investments
We can help you with all of your TFSA needs. For more information or to book an appointment with one of our Investment Planning specialists, contact us.