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TFSA
Make Your Savings Account TAX-FREE With Tax Free Savings Account
A Tax-Free Savings Account (TFSA) is a powerful investment tool that can help you save money on taxes while growing your wealth. It is a registered account that allows you to invest in a variety of financial instruments, including stocks, bonds, mutual funds, and GICs, without having to pay taxes on the earnings you make.
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TFSA is a great way to save and invest money without paying taxes on the investment earnings.
We can help you reach your financial goals faster and provide you with the financial security you need.
Benefits Of TFSA
Tax-Free Investment Income
It allows you to earn tax-free investment income, which means you won't have to pay taxes on the money you earn through your investments. This is different from a traditional investment account, where you have to pay taxes on the money you earn
Withdraw Your Money Tax-Free
You can withdraw your money tax-free at any time. This means that you can use your TFSA savings to pay for things like a down payment on a home, a car, or even a vacation, without having to worry about paying taxes on the money you withdraw.
Flexible Investment Tool
It allows you to contribute up to a certain amount each year. The contribution limit for 2021 if you haven't contributed to a TFSA before, you can carry forward unused contribution room from previous years.