TFSA is another great program That Canadian Govt introduced in 2009. In this program an individual of 18 years of age or older with a valid Social Insurance Number can invest tax-free.
Unlike RRSP, contributions in these accounts are not tax deductible, however the growth is totally tax free, which is a great feature and if invested properly, can help one to grow wealth for retirement or future needs lot faster than one may anticipate.
Like RRSP there are sets of rules one must follow, hence we encourage you to contact us for more details by calling at 905 607 5000.