TFSA: Everything you need to know to maximize your savings
A tax-free savings account (TFSA) can be a major ally in your savings strategy for your retirement or life projects. We explain its different features and the possibilities it offers so that you can decide whether this savings vehicle suits your needs and figure out how to get the most out of it.
Whether you're looking to build an emergency fund, save for a short‑ or long‑term purchase, or maximize your retirement income, a tax‑free savings account (TFSA) can help you achieve your goals. The investment products that you hold in your TFSA give you access to tax‑free investment income that can benefit you, whether you're starting to put money aside, saving for a car or a house, supporting a family, or preparing to retire.
We demystify this savings option to keep you informed. We also provide strategic approaches, adapted to different situations, so that you can get the most from your TFSA as part of your savings strategy. Lastly, we teach you how to choose the products that are right for you, how to use a TFSA to reach your short‑, medium‑, and long‑term goals, and how to get the most out of this savings vehicle.
Far from being a simple savings account, a TFSA is a complementary and advantageous tool in any savings strategy. Find out more.
A mini glossary to help you better understand the TFSA
You will find all the information you need with this mini glossary to understand your contribution room in a tax-free savings account (TFSA).
Saving in a TFSA at every stage of life
A tax-free savings account (TFSA) can be an excellent savings vehicle, especially for short or medium-term life projects.
Your TFSA: More than just a savings account
TFSA is very popular savings account. You can invest in a variety of savings products in your TFSA and take advantage of tax-free investment income.
The TFSA: A flexible savings vehicle
The Tax Free Savings Account (TFSA) offers great flexibility that makes it easy to integrate into any savings strategy.
Understanding the difference between a savings vehicle and a savings product
Want to save for a project? In this article, we explain the difference between a savings vehicle and a savings product so you can decide what is best for your strategy.
Choosing retirement savings solutions
Once you have retired, it's best to see a financial advisor to ensure you choose the best savings vehicles for your situation. This is the ideal professional to guide you in your decisions. Ideally, you would meet a few advisors and ask about the fees associated with their services and their compensation.
8 retirement withdrawal strategies: RRSPs, TFSAs, RRIFs, and more
Nasser Mama, FlexiFonds mutual fund advisor, shares his 8 essential tips for establishing an efficient withdrawal plan for your retirement savings.
Keep your savings local
The TFSA with FlexiFonds products not only helps you save for important projects, but also allows you to support the Québec economy thanks to mutual funds that invest primarily here.
DISCOVER THE TFSA WITH FLEXIFONDSAbout FlexiFonds de solidarité FTQ
FlexiFonds de solidarité FTQ inc., a wholly owned subsidiary of the Fonds de solidarité FTQ, is a mutual fund dealer duly registered with the Autorité des marchés financiers. FlexiFonds de solidarité inc. acts as the principal distributor of the FlexiFonds funds and does not distribute the units of any other mutual fund.
