Grow Your Savings Tax-Free, Anytime You Need Them
What is a TFSA?
A Tax-Free Savings Account (TFSA) is a flexible, tax-advantaged savings and investment account that allows your money to grow tax-free. Unlike an RRSP, withdrawals from a TFSA are completely tax-free, making it a great option for both short-term and long-term financial goals.
How a TFSA Works
Contribute Anytime – Annual contribution limits apply, but unused room carries forward.
Tax-Free Growth – Earnings on investments inside a TFSA are not taxed.
Withdraw Anytime, Tax-Free – Unlike an RRSP, you can withdraw funds without penalties.
Flexible Investment Options – Hold cash, GICs, stocks, bonds, or mutual funds.
Benefits of a TFSA
1. No Taxes on Withdrawals
Unlike an RRSP, you can access your money without paying taxes, making it ideal for emergency funds or short-term goals.
2. Compound Growth with No Tax Burden
Your investments grow over time, and you keep 100% of the returns—no tax deductions on interest, dividends, or capital gains.
3. Contribution Room Carries Forward
If you don’t contribute the full amount in one year, your unused contribution room rolls over indefinitely.
4. Save for Any Goal
Use a TFSA for retirement, home purchases, vacations, or emergency savings—it’s flexible for whatever you need.
Why Choose Chataway-Hutchison for Your TFSA?
1
Customized Investment Strategies
We tailor your TFSA to match your savings goals.
2
Expert Tax Guidance
Maximize your tax-free benefits with professional advice.
3
Wide Range of Investment Options
Find the best way to grow your money efficiently.
A TFSA is one of the most powerful tools to build wealth over time while keeping your savings accessible. Contact Chataway-Hutchison today to maximize your tax-free savings potential.