The Tax-Free Savings Account ( TFSA ) allows Canadians, age 18 and over, to set aside Money Tax-Free throughout their Lifetime .

What are the Benefits of TFSAs ?



• Tax-Free Growth; including Investment Income, Interest, Dividends and Capital Gains.


• Tax-Free withdrawals.


• Annual Contributions of $5500 ( indexed to Inflation )


• Previous Year`s Withdrawals are added back to your unused Contribution Room


• Income earned and Withdrawals have no impact on Federal Income-tested Benefits such as Old Age Security or the Guaranteed Income Supplement.


• Spousal Contributions permitted subject to available Contribution Room.


• Unlike RRSPS; there are no Age Restriction on Contributions.


• TFSAs are permitted to invest in Stocks, Bonds, Mutual Funds, Segregated Funds and GICs.

          Please contact me today:
 

          Ronald C. Sparkes, CFP,CLU,CH.F.C.
          Chartered Financial Consultant


          Bus:    +1.709-576-1669
          Cell:    +1.709-682-3100
          Fax:    +1.709-576-1832 
          E-Mail: ron@sparkesfinancial.ca