Book a Free Consultation

TFSA

Grow Your Savings Tax-Free

What is a TFSA?

A flexible investment account where contributions are not tax-deductible, but growth and withdrawals are tax-
free.

How It Works:

  • Annual contribution limit (e.g., $6,500 in 2025)
  • Unused contribution room carries forward indefinitely
  • Investments can include stocks, ETFs, mutual funds, GICs, and more

Tips / Things to Watch For:

Track contribution room to avoid over-contribution

Combine with other accounts for efficient savings strategy

FAQs:

Can I recontribute withdrawals?

 Yes, withdrawn amounts are added back to contribution room the following year.

Who It's For:

  • Individuals seeking tax-free growth
  • Savings for short-term or long-term goals

Benefits:

  • Withdraw funds anytime, tax-free
  • Can save for short-term goals (house, car) or long-term (retirement)
  • Combine with RRSP for maximum tax efficiency