What's a TFSA?

A TFSA (Tax-Free Savings Account) is a registered savings acccount in which people aged 18 and over can save money sheltered from tax.

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.

Do you have more questions?

Our agents will be pleased to answer any questions you may have at:

  • FlexiFonds de solidarité FTQ Inc.
    The units of the FlexiFonds funds are distributed solely in Québec by FlexiFonds de solidarité FTQ inc., a mutual fund dealer wholly owned by the Fonds de solidarité FTQ. FlexiFonds de solidarité FTQ inc. does not distribute the units of any other mutual funds. Management fees and other expenses may be associated with mutual fund investments. Please consult your advisor and read the prospectus and the fund facts documents before making an investment. The units of the FlexiFonds funds are not covered by the Canada Deposit Insurance Corporation nor any other government deposit insurer. The FlexiFonds funds are not guaranteed, their values change frequently, and past performance may not be repeated.