A tax-free savings account can help you save for your short-term and long-term financial goals. They are very flexible. They give your tax-free growth. You can also withdraw money on tax-free basis and use it for any purpose.
You can save up to $6000 a year in a TFSA. Although the money that you put in is not tax-deductible, the capital gains, dividends and interest accruing from the same amount are not taxed. You can choose to invest cash, fixed income, or equity. You can invest in a tax-free savings account at any age, irrespective of your income or whether you are a resident or not.
We can help you with establishing a contribution schedule that best suits your financial situation. There is a large selection of TFSA investment options we can help you wade through and find the best solution.
Have you got very specific accounting, bookkeeping and tax consulting needs that we may have not listed above? No need to worry. Get in touch with us and we can analyse your unique situation and suggest the best possible services for you.