With a TFSA, you have the opportunity to save, grow and access your money, at any time, for any purpose, tax-free for life. Now you can take advantage of the power to save without paying taxes on the growth of your investments or impacting your eligibility for government income based benefits. You will also have the freedom of flexible features and tax-free withdrawals for what’s important to you.
As the next generation of tax shelters, the TFSA has the potential to change the way Canadians manage their savings and income plans.
A certified financial planner can go through the details of a TFSA and how it can support your retirement goals.