STRATEGIES FINANCIAL HEALTH

Better prepare for retirement,
minimize income tax, optimize
portfolio performance; these
are legitimate and
accessible goals.

To know more

TFSA (Tax-Free Savings Account)

A new comer in the investment field, the TFSA allows individuals to invest up to $5,000 per year (indexed) in a tax sheltered account. Any income or gains from these funds can be withdrawn without taxation. Moreover, this plan is not subject to attribution rules so that individuals can use any of their spouse’s unused amounts.

For those with non-registered investment accounts, it is simple and convenient to transfer maximum yearly amounts into a TFSA.