TFSAs

Tax Free Savings Account (TFSA)

TFSAs were introduced by the federal government to encourage people to save, tax free. Using after tax dollars (i.e. your take home money after deductions), you can invest up to $5,500 per year (subject to CRA limits) in a TFSA plan. Unused contribution amounts can be carried forward.  TFSAs are allowed to grow tax free and are available in a variety of deposit options to suit your needs.

Best of all, you can withdraw this money from your plan without a tax penalty. A TFSA should be part of almost anyone's financial portfolio since it is a great solution for a variety of purposes. Read on to see why!

TFSA: Variable

The Variable TFSA is a cashable tax free investment with a competitive variable interest rate. This investment allows you to deposit or redeem at any time.  For a flexible option the Variable Tax Free Savings Account will provide the tax savings and the accessibility you need. More

TFSA: Fixed Rate 1 – 60 month

The Term Deposit TFSA is a non-redeemable tax free savings account with a competitive rate that is locked in for a fixed period.  Choose a long term or short term period, whichever suits your needs. More

TFSA: CU Bonus Builder®

The Bonus Builder TFSA is a 5 year non-redeemable tax free investment with an escalating interest rate that is available from January 15 until March 1 of each year.  The escalating interest rate allows you to take advantage of increased rates and because the funds are locked-in, you know what your growth will be. More 

TFSA: Index Linked Deposit

The Index Linked TFSA is a tax free non-redeemable investment with the potential of growth like a stock market investment while maintaining the security of a term deposit. This product offers returns based on the performance of individual stocks within an equity basket.  The rate of return is linked to the average monthly performance of the product offering and is paid at the end of the term.  More 

TFSA: Mutual Funds

Mutual funds are a popular way to invest because you can choose your own style of investing – aggressive or conservative, local or foreign, short term or long term.  More

TFSA: Brokered Stocks, Bonds & Mutual Funds

A wide selection of stocks and bonds are available in the form of publicly traded stocks on the Canadian and U.S. stock exchanges, as well as government and corporate bonds, income trusts, and preferred shares. More

 

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