Tax-Free Savings Accounts (TFSAs)

Tax-Free Savings Accounts (TFSAs) are flexible, registered accounts with annual contribution limits.

See Our Rates
envelope
Request My Review

The Tax Free Savings Account (TFSA) is a flexible, registered account that currently provides an annual contribution limit of $6,000 to Canadian Residents 18 years of age or over.

TFSAs became available in 2009, when the contribution limit was set at $5,000 annually. In 2013 the limit rose to $5,500 and the contribution limit was $10,000 for one year in 2015. For the years 2016, 2017, and 2018, the limit was set back to $5,500.

The current total maximum Tax Free Savings Account limit for the end of 2020 is $69,500.

Unused contribution room is carried forward to future years. Furthermore, any amounts withdrawn from a TFSA in a given year may be added back to the TFSA as early as the following year – in addition to the normal contribution limit. For more information about TFSAs please call us at 613-236-9101.

See if
Tax-Free Savings Accounts (TFSAs)
fit your financial plan

Enter the following information and one of our dedicated financial planners will get back to you right away!

Name*
Email*
Phone Number*
Please describe your current financial plan:*
Thank you! Your submission has been received!
For immediate assistance, contact one of our professional financial planners.
Oops! Something went wrong while submitting the form.
FundEx Investments Inc. Logo
Mutual Funds provided through FundEX Investments Inc.
FundEX Investments Inc. Policies and Disclaimers