Tax-Free Savings Account (TFSA)
Save for any goal, from a new car to a new home, with the interest you earn completely tax free.
Why invest in a TFSA?
Save tax free
Interest and investment income earned in a TFSA isn’t taxed, accelerating your savings growth.
Withdraw anytime for anything
You can take money out for any goal at any time without penalty, and re-contribute it the following year.
Carry forward unused amounts
You can contribute up to $6,000 to your TFSA annually, with any unused amount rolling over to the next year.
Invest your way
Your TFSA can hold a variety of investments, including mutual funds*, term deposits and even savings accounts.
*Mutual funds are offered through Credential Asset Management Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not insured or guaranteed and are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Their values change frequently and past performance may not be repeated.
Take a look at the latest, competitive rates on offer for our investing solutions.
Try our TFSA calculator to see how tax-smart investing can help your savings grow faster.
Set up your TFSA your way
Level up your financial know-how
Why a TFSA is your secret weapon
There’s lots of ways to save, but a TFSA might just be the secret weapon you’ve been looking for.
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Confused by the difference between TFSAs and RRSPs? We’re here to help break it down for you.
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Copyright 2024 Beaubear Credit Union. All rights reserved.
Copyright 2024 Beaubear Credit Union. All rights reserved.
