Tax Free Savings Account
Save more with a
Tax Free Savings Account
A Tax-Free Savings Account (TFSA) is a great way to make your money matter. Not only will you earn tax-free income, but you can also hold investments within your TFSA to maximize your return. That’s more money in your pocket. And, since you’re investing with FirstOntario, that’s more money in your community, too.
A TFSA is a registered savings account that helps you save money for your short or long-term goals, and also helps you avoid taxes.
A TFSA is a great way to save!
- You can save up to $5,000 a year without having to pay tax on income earned.
- You can withdraw your money anytime, tax-free.
- You can hold investments in your TFSA to maximize your rate of return.
- Should you not fully contribute $5,000, you can carry the extra contribution room forward for the next year.
Don’t forget, all registered savings plans at FirstOntario are now covered by unlimited deposit insurance**. Come in today and let’s chat to find out whether a TFSA is right for you. Contact us or call us at 1-800-616-8878.
**Deposits insured by the Deposit Insurance Corporation of Ontario. Deposits in registered savings plans are fully insured. All other deposits are insured up to $100,000.
Service Chat
What really sets FirstOntario apart is our Service Chat. It’s an honest, straightforward, easygoing conversation that allows us to make sure we find the right services to meet your needs. Whether it’s personal banking, investments, or borrowing, we always take the time. Taking that time, actually knowing your name, and sitting down to talk is how we demonstrate that where you put your money does matter.
That’s because FirstOntario offers a full range of financial service products and we believe in a healthy and honest relationship with our Members.
- Personal Banking
- Investments
- Loans and Mortgages
Call us at 1-800-616-8878 today to book your Service Chat.
