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Tax-Free Savings Account

What is a Tax-Free Savings Account?

A Tax-Free Savings Account (TFSA) is registered with the Canadian government. Canadian residents over the age of 18 may set money aside in a TFSA throughout their lifetime. While there is a contribution limit for TFSA accounts and TFSAs are not tax-deductible for income tax purposes, any investment income or capital gains earned in the account is tax-free even when it is withdrawn. To learn about contribution limits and other TFSA rules, visit the Canada Revenue Agency website, or ask a Kindred Financial Planning Team member for advice.

You can invest in mutual funds, GICs, and more within your TFSA.

Tax-Free Savings Calculator


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