Unlock Financial Growth with
Tax-Free Savings Accounts
A Tax Free Saving Account allows individuals 18 years and older to grow their financial portfolio tax and penalty free
Tax-Free Savings Accounts (TFSAs) offer individuals aged 18 and older a tax and penalty-free opportunity to enhance their financial portfolios. Gain valuable guidance on managing contribution limits, withdrawals, and re-contributions to maximize the growth potential of your TFSA.
What are the benefits of a Tax-Free Savings Account?
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Income earned in the account through interest, dividends, or capital gains is tax-free for life, even when it is withdrawn
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Yearly deposit increase 2024: $6,000
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Investment allows for deposits weekly, monthly, semi-annually, or annually.
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Unused limits from past years can be brought forward.
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No penalties on withdrawals
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Money withdrawn can be put back yearly as long as annual contribution limits are not exceeded.