Save and invest. Pay zero tax.
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.