Contributions to a TFSA cannot be deducted when calculating your income for tax purposes. Likewise, TFSA capital gains aren't taxable.
There are multiple advantages associated with opening a TFSA. For example, it can be a great way to save for a project you want to carry out in the short or medium term, as well as an effective fiscal tool that will allow you to generate income in retirement. Interested in this savings vehicle? Learn more about the TFSA with FlexiFonds.
Our agents will be pleased to answer any questions you may have at:
FlexiFonds de solidarité FTQ Inc.
The FlexiFonds are distributed solely in Québec by FlexiFonds de solidarité FTQ Inc., a mutual fund dealer wholly owned by the Fonds de solidarité FTQ. Please consult your advisor and read the prospectus and Fonds overview before making an investment. The Fonds' securities are not insured by the Canada Deposit Insurance Corporation or any other government deposit insurer, or by the Autorité des marchés financiers. The mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
