Tax-Free Savings Account

Is it time to consider your short or long-term goals? It may be time to have a Service Chat about saving for your future. We have a variety of investment options to meet all your needs. So whatever type of relationship you’re looking for… we can help.

When you come in for your Service Chat, we'll listen to you. We'll take the time to understand your goals and aspirations for the future. Then we'll recommend solutions that are in your best interest, like a Tax-Free Savings Account (TFSA).

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.

Need more reasons to consider a TFSA? How about:

• 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.
• 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*. Please call us at 1-800-616-8878 to go over just why FirstOntario is worth breaking up with your big bank for.

*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.