Tax-Free Savings Account

A Tax-Free Savings Account (TFSA) is a savings option that does not apply tax to the growth earned by the investment. This is unique from traditional savings accounts that does charge tax on the growth. Even in a Retirement Savings Plan (RSP) the growth is taxed when the money is withdrawn from the RSP. With a TFSA, no matter how much the investments earn, the growth will never be taxed.

Annual limit contribution: $7,000 per year*

Notable Features

• Flexibility and tax-free growth
• Unused contributions carried forward from year to year
• Contribution room is regained the year following a withdrawal
• Transferable to spouse/common-law partner upon death
• Does not affect eligibility for government sponsored retirement income programs
• Investment options that include a full range of funds and guaranteed interest options

Each year residents of Canada who are at least 18 years of age can invest an annual limit into a TFSA. Deposits made into a TFSA are made with after-tax dollars meaning that withdrawals can be made at any time on a tax-free basis. Once a withdrawal is made, the contribution room is regained in the year following the withdrawal.

Products that offer a TFSA

• Daily/Guaranteed Interest Account
• Segregated funds

* Annual limit is set by Canada Revenue Agency (CRA) guidelines, currently $7,000 per year.

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If you would like to order paper copies, click here for the Individual Wealth Supply Order Form.

This table includes downloadable marketing materials saved in PDF format. Each row is a different product and may contain versions of the brochure in alternate languages.
Form Number	Marketing Material Name	Available Languages
2125	Another reason to invest with Equitable File In case you need another reason, Equitable is a member of Assuris. Assuris is an independent, not for profit, industry-funded organization that protects contractholders, should their insurance company fail.	FR
1965B	Personalized Ads - Facts & Figures File Equitable is pleased to offer you professionally designed personalized ads to advertise.	FR
1979	Benefits of segregated funds in a TFSA File This savings option allows you to grow your savings without ever paying tax on the growth within your account. This is different from traditional savings accounts where you are required to pay tax on the growth earned by your investment. (Available in PDF only).	FR
1353	Choosing the right account type File There is no simple answer to the question, where should I save my money?	FR
1965	Facts & Figures File TFSA Contribution Limits, RRSP Contribution Limits, TOP Marginal Tax Rates, Retirement Income Fund Minimum, Canada Pension Plan Benefits.	FR
1583	Make your money work for you File We all know a Retirement Savings Plan (RSP) is a great way to save for retirement. When we make an RSP contribution we receive an immediate tax refund.	FR
1970B	Personalized Brochure - Benefits of segregated funds in a Tax-free Savings Account File Equitable is pleased to offer you professionally designed personalized ads to advertise the benefits of segregated funds in an Equitable Tax-free Savings Account	FR
1276	Tax-Free Savings Account (TFSA) File Whether your savings goals are short-term or long-term, a TFSA can help you fast-track your savings.	FR