The Tax-Free Savings Account (TFSA) is being introduced by the Federal Government to allow Canadians to set money aside in eligible investment vehicles. Canadians will be allowed through the Tax Free Savings Account (TFSA), to invest money and watch that savings grow tax-free throughout their lifetime. TFSA savings can be used to purchase a new car, renovate a house or take a family vacation for instance.
Canadians from all walks of life and income levels will be able to benefit. And beginning January 1, 2009 Crosstown Civic Credit Union will be offering them. Details of the TFSA are still being finalized in preparation for the January launch.
To better help our member/owners we are attaching a link that will give you information on the TFSA. Please click on the link below.
TFSA -
Contribution Room