Tax-free savings

Tax Free Accounts

It’s not just a savings account for a rainy day…

 

The TFSA is an excellent long-term investment account. You can set money aside in eligible investments and watch those savings grow tax-free throughout your lifetime. Unlike other types of accounts, all growth in this account is tax-free! And that means that investing money in this account and allowing it to grow over the long term is a brilliant idea! Of course, you can withdraw your money any time you like, but as always, the longer you let it compound and grow, the more tax-free money you will accumulate.