Save and invest. Pay zero tax.
Published September 2026 · Last reviewed: October 2026
A Tax-Free Savings Account grows your money completely tax-free — and every dollar you withdraw is tax-free too. We help our clients set one up — free.
What the TFSA does for you.
Zero tax, ever
No tax on growth, no tax on withdrawals — the only account in Canada that works this way.
Room comes back
Withdraw $5,000 this year and you get $5,000 of new room next year.
Any goal
Emergency fund, car, travel, a home, retirement — one account does it all.
The most flexible account in Canada.
Open a TFSA
Any Canadian resident 18 or older with a SIN can open one.
Contribute
Up to your yearly CRA limit — unused room carries forward, so late starters can catch up.
Invest, withdraw freely
Hold savings, GICs, or investments inside. Take money out any time — tax-free, no penalty.
What you get out of it
- Every dollar of growth is yours. Interest, dividends, and gains — the CRA takes nothing.
- Withdraw anytime, no tax paperwork. Withdrawals don’t touch your tax return at all.
- Won’t shrink your benefits. TFSA withdrawals don’t count as income, so they don’t reduce benefits like OAS or GIS.
- Mistake-proofed. Over-contributing brings penalties — so we’ll help you track your room, free.
TFSA or RRSP — which one?
Short version: the TFSA wins when you want flexibility and tax-free money any time — especially while your income is modest. The RRSP wins when you’re in a high tax bracket and want the deduction now. Many families use both — we’ll help you split it right on a free consultation.
We help our clients set this up — free.
Investment accounts are a complimentary extra for SecureMyFamily clients. Book a free consultation and we’ll walk you through it — no spam, no pressure, no data selling.
How we’re paid
Our advice costs you nothing. When you buy a policy through SecureMyFamily, the insurance company pays us a commission — the price you pay is the same as if you bought directly from the insurer. Commission levels vary by insurer and product, and we’re happy to explain exactly how we’re compensated on any product we recommend — just ask. See our licensing & disclosures.