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TFSA

Tax-free savings account

Take advantage of tax-free growth when you open a tax-free savings account.

A tax-free haven, Canada’s unique tax-free savings account is a gift to investors. On top of that, Questrade’s tax-free savings account comes with no annual fees, keeping even more money in your pocket.

FAQs

What is a tax-free savings account?

A TFSA is a registered account that allows you to earn capital gains and dividends tax free. Your contributions are not tax-deductible, but you won’t be taxed or penalized for any gains – even when you withdraw them.

How a tax-free savings account works for you

Your part: contributions. You can invest up to $10,000 each and every year, and carry any unused contributions forward from previous years (plus $5,500 per year from 2014 to 2013 and $5,000 per year from 2012 to 2009).

It’s your money. Keep it that way.

Don’t settle for measly interest rates. Invest your money, and give your money a real chance to grow.

No annual fees

There are no fees to open, no annual fees, and no fees or taxes to withdraw your money.

Build your savings (easily)

We have a variety of ways to keep your TFSA growing such as PACCs (pre-authorized cash contribution), automatic deposits, and free dividend re-investment plans (DRIPs).

I want to learn more about TFSAs




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