More About TFSA

A TFSA (tax-free savings account) is a registered account that allows you to earn capital gains and dividends tax-free. 

$5000 per year for 2009 through 2012, for 2013 & 2014 $5500 each year,  2015 $10,000. You can invest up to $5500 each and every year as of 2016 and carry any unused contributions forward from previous years.

Your contributions are not tax-deductible, but you won’t be taxed or penalized for any gains even when you withdraw the fund. Let the TFSA work for you.  If you let your money sit in a bank with a low-interest, your gains will be minimal; meaning there is not much tax-free about it. However, if you invest your money and your gains are more significant, then the TFSA is actually working for you. Don’t settle for measly interest rates. Wisely invest your money. Diversify and build a strong portfolio with segregated funds, bonds, etc. with reputable financial companies and give your money a real chance to grow, and never pay a penny of tax on your investment income, dividends, and capital gains.

We have a variety of ways to keep your TFSA growing. You can have a free consultation with NO obligation with me, Farah Jahed, to review your portfolio – if you already have one or thinking to have a TFSA account.