Tax Free Savings Account  

Tax Free Savings Accounts (TFSAs) are 2009’s hottest savings tool for Canadians over the age of 18.  A TFSA is a registered savings account that allows you to invest up to $5000 per year and withdraw funds whenever you’d like, all without a penny paid in taxes

Here’s how it works:

  • earn income tax-free
  • make income-tax free withdrawals whenever you’d like
  • contribution up to a maximum of $5000 per year

Your contributions aren’t tax deductible, but you get to enjoy tax-free growth on your savings which is like a government sponsored gift for Canadians. 

 

Call us at 403.320.4600 or ask us for more information.

 



 


 

 
09/08/10
Product
Rate
Credit Union Prime Lending Rate 2.750%
Platinum Savings Accounts
   > $5000
.85%
GIC 5 Years 1.900%
Maximizer and Golden Accounts > $5,000 0.25%
Exchange Rates USD 1.0653%
US Dollar GIC 30 Days 0.25%
Calculators