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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. In 2016, you can invest up to $5,500 and carry any unused contributions forward from previous years (plus $5,000 per year from 2009 through 2012, $5,500 from 2013 through 2014, and $10,000 from 2015). If you were 18 or older in 2009, your total cumulative contribution limit is $46,500 in 2016.

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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