Tax Free Savings Accounts (TFSAs)

EARN FLEXIBLE INVESTMENT INCOME.

START 2019 OFF RIGHT WITH ONE OF THESE LIMITED TIME TERM DEPOSIT OFFERS AND A MINIMUM $5,000 CONTRIBUTION*:

  • 2.75% NON-REDEEMABLE 1 YEAR TERM DEPOSIT
  • 2.90% NON-REDEEMABLE 18 MONTH TERM DEPOSIT
  • 3.00% NON REDEEMABLE 3 YEAR TERM DEPOSIT 
These offers are only eligible for new investments.


More or less to invest?  Let's build a plan that balances your needs today and your dreams for tomorrow!  Unlike a Retirement Savings Plan (RSP) or Registered Education Savings Plan (RESP), a Tax-Free Savings Account (TFSA) can help you save for any purpose.  Regardless of your age, there are no restrictions on the way the funds in the account are used.  And you'll never be taxed on your investment income... even when withdrawn. 

Perk: You'll get a rock solid 100% Term Deposit Guarantee*, unique to credit unions.



It's your future.  Book your appointment today!







WONDERING WHETHER A TFSA OR AN RSP IS RIGHT FOR YOU?  HERE'S SOME POINTS TO CONSIDER:

TFSA

A Tax-Free Savings Account (TFSA) is a government approved account that allows taxpayers to earn investment income, tax-free.
  • Annual contribution limit is $6,000.
  • Investment income earned and withdrawals from your TFSA are tax-free.
  • Unused contribution room can be carried forward indefinitely.
  • If you withdraw funds from your TFSA, your contribution room will be reestablished in the following year.
  • Minimum contribution age 18.

RSP

A Registered Retirement Savings Plan (RSP) is a government approved plan that allows you to save money for your retirement years.
  • Contributions are tax deductable up to the deduction limit found on your Notice of Assessment from Canada Revenue Agency.
  • Investment income accumulates tax-deferred.
  • Tax is payable only when you withdraw funds from your plan.
  • No minimum contribution age, but must have earned income.


The Legal Stuff:
*Rates effective as of 4 February 2019.  O.A.C. - On Approved Credit

Terms and conditions apply. All limited time non-redeemable rate offers requiring a $5,000 contribution are new money eligible only. All principal and interest is 100% guaranteed by the Credit Union Deposit Guarantee Corporation, excluding common shares, investment shares, and mutual funds. All rates and products are subject to change without notice. Rates subject to change daily. Step-Up™ products are RSP/RIF/TFSA eligible. Step-Up™ 20% Classic withdrawal provides you with the flexibility to cash (redeem), without penalty, up to 20% of the original principal investment, on term deposits from 12 to 60 months, once each year. Mutual funds, other securities and securities related financial planning services are offered through Qtrade Advisor, a division of Credential Qtrade Securities Inc. Mutual Funds are also offered through Qtrade Asset Management Inc., Member MFDA. The advice on our website is prepared without knowing your personal objectives, financial situation or needs. Before you act on this or any advice, please consider if it's right for you, and reach out to our teams to help determine if the product is appropriate for you.  Legal Terms of Use apply.