Enjoy the benefits of a TFSA
- Grow your money – Because your TFSA is tax-free, your earnings will be tax sheltered.
- No maximum age limit – Unlike the RRSP, you can contribute to your TFSA for as long as you’d like.
- Use it for short and long-term goals – You don’t have to repay a TFSA withdrawal.
- Carry over withdrawals – Any withdrawal you make adds extra contribution room the following year.
- Carry over unused room – Couldn't contribute this year? Carry forward the unused room to future years.
- It can hold a number of investments – Term deposits, mutual funds, stocks and bonds included.