Foam Lake Credit Union

Ready to use your RRSP savings - let's talk about a RRIF.

A Tax-Free Savings Account (TFSA) will help you save money for short and long-term goals. Because it’s tax-free, you pay no taxes on the interest or investment income earned.

Grow your money – Because your TFSA is tax-free, your earnings will be tax sheltered.
No maximum age limit – Unlike the RRSP, you can contribute to your TFSA for as long as you’d like.
Use it for short and long-term goals – You don’t have to repay a TFSA withdrawal.

Carry over withdrawals – Any withdrawal you make adds extra contribution room the following year.
Carry over unused room – Couldn't contribute this year? Carry forward the unused room to future years.
It can hold a number of investments – Term deposits, mutual funds*, stocks and bonds* included.

Need a hand?

Whether you're saving for retirement, a new car or a dream vacation, our experienced team will tailor their advice to help you maximize your savings to get there.

*Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc. Unless otherwise stated, mutual funds, other securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions.

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How much will I save?

Our TFSA Calculator will help you figure out how much you could save for your life goals when you invest in a Tax-Free Savings Account.

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Enjoy the benefits of a TFSA

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