Canadians need to save for many different purposes over their lifetimes. Reducing taxes on savings can help. The Tax-Free Savings Account (TFSA) is the single most important personal savings vehicle since the introduction of the Registered Retirement Savings Plan (RRSP).

The TFSA will allow Canadians to set money aside in eligible investment vehicles and watch those savings grow tax-free throughout their lifetimes. TFSA savings can be used to purchase a new car, renovate a house, start a small business or take a family vacation.

Return to Investment Page