Tax Free Savings Account
TFSA Gives You Tax Free Funds to Spend on Anything
The Tax Free Savings Account (TFSA) is a great program for Canadians that lets you save money at any point during your adult life. The money you earn in your TFSA account – interest earned, dividends, and capital gains – will not be taxed. It is yours to spend in whatever manner you wish. You can use this money for retirement, to renovate your home, to send your child to university, or to travel to an exotic destination! It’s a great way to grow your savings.
Money contributed on a regular basis can quickly grow into a lot more money. Many people are surprised how much they save as their account continues to grow!
With a Tax Free Savings Account, you have the option to choose from a variety of financial investments. You can put your money into traded funds, guaranteed investment certificates, stocks, bonds, and a savings account. Whatever gains you make are tax-free. This gives ordinary investors a chance to maximize their returns. In addition, the Tax Free Savings Account can provide you with the flexibility to withdraw your savings at any point in time and spend the money wisely without being stressed about tax liability.
Furthermore, TFSA has no adverse impact on your government benefits. To maximize your wealth, our experts can recommend a wide range of investment opportunities.
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