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Reach your goals faster with a Tax-Free Savings Account (TFSA)

​A Tax-Free Savings Account (TFSA) will help you save money for short and long-term goals. Because it’s tax-free, you pay no taxes on the interest.
The contribution room for 2024 is $7,000; your cumulative limit since 2009 is $95,000.
 

​Enjoy the benefits of a TFSA

 
 
  • ​Grow your money – Because your TFSA is tax-free, your earnings will be tax sheltered.
  • No age limit – Unlike the RRSP, you can contribute to your TFSA for as long as you’d like.
  • Use it for short and long-term goals – You don’t have to repay a TFSA withdrawal.
  • ​Carry over withdrawals – Any withdrawal you make adds extra contribution room the following year.
  • Unused contribution room can be carried to future years.
 

​​​​​​Ready to put the power of investing to work for you?

 

​​​​Whether you're saving for retirement, a new car or a dream vacation, our experienced team will tailor their advice to help you maximize your savings to get there.

​​​​Our TFSA Calculator will help you figure out how much you could save for your life goals when you invest in a Tax-Free Savings Account.