Tax-Free Savings Account

This account is right for you if . . . you are looking to save a little, or a lot! Earn tax-free interest while you set money aside for a wedding, down payment on a house or a rainy day. A Tax-Free Savings Account (TFSA) is a great way to kick start that emergency fund you’ve been neglecting.

To open a TFSA you must be 18 or older with a valid social insurance number (SIN) and are looking to set money aside tax-free throughout your lifetime.

Dollar limits for 2017 remain the same at $5500. If you’d like more information regarding TFSA limits please make an appointment with a Financial Planner today. Contact us today at 1-877-WESTOBA or infowcul@westoba.com.

Features include:

  • Deposit (variable and fixed plans) or mutual fund plans available
  • Eligible contribution room will carry forward
  • Deposits can be made through automatic transfer through CU@HOME, in-branch or with TeleService
  • There are penalties for contributions over the limit

Figure out your eligible contribution room at www.cra-arc.gc.ca

Looking to start investing with a TFSA? We make it easy, apply online!

APPLY ONLINE - FROM ANYWHERE!

Not able to make it to a branch? No problem! You can open a TFSA with us anytime!

TALK WITH A FINANCIAL PLANNER

Our Financial Planners can help you chart a course to the financial future of your dreams.