A Tax-Free Savings Account (TFSA) is a powerful registered investment account you can use to save for any big-ticket item or goal – tax free. If you like more flexibility and less taxes, consider opening a TFSA. TFSAs are a type of registered plan, and like all registered plans, your contributions grow inside the plan without attracting tax. Due to its tax-free status, funds can be withdrawn from your TFSA tax-free at any time. Further, on withdrawal, TFSA contribution room is not lost and the full fair market value of the withdrawal can be recontributed the following calendar year (assuming you were not over-contributed). This means TFSAs can be used for a wide range of goals — from emergency savings, to renovations and other special purposes, to supplementing your retirement income. There are also some opportunities to income split to reduce the overall household income tax bill.

Download our TFSA Quick Tips (2024 Edition) by clicking here

For a comprehensive outline of 2024 financial planning facts relating to the TFSA, RRSP / RRIF, RESP, RDSP, CPP OAS, tax credits, LCGE, tax brackets, etc, please click here for a .pdf download 

For TFSA service or assistance, please complete the contact form below, indicating “TFSA” in the Comments section.

Please complete the following form if you would like us to contact you. Required fields are marked with an "*".

Please be advised that any information sent through this Contact page is not considered secure and privacy cannot be ensured. Therefore, we ask that you not include any confidential information such as bank account numbers, credit card numbers, or other account details.
*Required fields