Tax-Free Savings Account (TFSA)

A Tax-Free Savings Account (TSFA) is among the best investment vehicles available in Canada. People use their TFSA to prepare for a rainy day, to help save for a big expense such as home improvements or a bucket-list vacation, and even as an alternative or complement to RRSP retirement savings.

Benefits of a TFSA

A Tax-Free Savings Account allows you to save money without paying taxes on the growth. As long as you are above the age of 18, you could save up to $5,500 every year in a TFSA. All contributions will not be tax deductible even when withdrawn. In short, a TFSA is a tax-efficient way to increase your savings way beyond what you have in RRSP. Speak with a Life100 advisor today on the advantages of saving with a TFSA, in Toronto, Brampton, Ajax, Markham or anywhere in the Greater Toronto Area.

The value of an Advisor

An advisor will help you make the best choices for your situation and your investment and insurance needs.

Life Insurance

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