Tax Free Saving Account (TFSA)

Looking for an easy way to pay less tax on your savings and investments? A Tax Free Savings Account (TFSA) might be the answer.

TFSAs are registered accounts that permit you to earn tax-free income on investments (inside the account) and pay no taxes on withdrawal. The Tax-Free Savings Account (TFSA) program began in 2009. It is a way for individuals who are 18 and older and who have a valid social insurance number to set money aside tax-free throughout their lifetime. Contributions to a TFSA are not deductible for income tax purposes. Any amount contributed as well as any income earned in the account (for example, investment income and capital gains) is generally tax-free, even when it is withdrawn. Administrative or other fees in relation to TFSA and any interest or money borrowed to contribute to a TFSA are not deductible.

We offer the following options for investments within your TFSA:

• Segregated Funds
• GICs

If you’re considering a TFSA, you should know:

• Individuals must be 18 years of age or older, and a resident of Canada to establish a TFSA
• Individuals may contribute up to $5500 per year
• Unused contribution room from previous years may be carried forward

If you are in search of an experienced financial advisor, then, join hands with Simranjeet Jaswal now. He plays the role of an insurance and investment specialist too. Therefore, Simranjeet can handle a saving account, Tax Free Saving Account with full efficiency. You can contact him for proper handling of the cash and mutual funds involved in this type of saving account. He provides services for:

• First time home buyers
• Existing home owners
• Refinancers

Learn about TFSA with Simranjeet. With sufficient industry knowledge, he ensure of making you eligible for being this saving account holder.

Call Simranjeet Jaswal today to know more about Tax free saving account (TFSA).