With a TFSA, you can access your savings and withdraw money tax-free when you need it. See if this is the right option for you.
As a tax resident of Canada, if you were at least 18 years of age and have reached the age of majority in the province where you set up the account, you could contribute at least $7,000 up to $95,000, if you opened a TFSA in 2024. As a newcomer to Canada, your contribution ro...
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The only other circumstance where you may pay tax on a TFSA is if you become a non-resident of Canada. If you make a contribution to your TFSA when you’re a non-resident of Canada, you’ll be charged a 1% tax on those contributions every month. Generally speaking, a non-resident is...
No matter what you’re saving for, a TFSA at TD can provide a flexible way for you to save, while growing your money tax-free.
registered savings account that lets you grow and withdraw your money tax-free, making it a great option when saving for short and long-term goals. The TFSA was introduced by the Government of Canada in 2009. It was designed to help Canadians that are 18 years or older save money tax-...
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