Tax Free Savings Account (TFSA)
Looking for an easy way to pay less tax on your savings and investments? A Tax Free Savings Account (TFSA) might be the answer.
TFSAs are registered accounts that permit you to earn tax-free income on investments (inside the account) and pay no taxes on withdrawal.
Cal LeGrow offers the following options for investments within your TFSA:
- Investment Funds
- Canada Savings Bonds
If you’re considering a TFSA, you should know:
- Individuals must be 18 years of age or older, and a resident of Canada to establish a TFSA
- Individuals may contribute up to $5500 in 2016
- Unused contribution room from previous years may be carried forward
Talk to a member of our team today and pay less on your savings.