TFSAs

For a better today & a brighter future


Despite the name, TFSAs are for more than just savings. A TFSA is a better way to invest in a brighter future!


The TFSA is highly versitile; there are so many things you can save for by using a TFSA. It might be to renovate your home, buy a cottage, go on a dream vacation or save for your child's wedding. It could even be just to have emergency funds readily available. Whether you're investing for a car, house or comfortable retirement, the additional savings benefit of a TFSA can be significant both in the short and the long term.


A TFSA is quite possibly the most flexible tax-advantaged savings vehicle in Canada's history.


The perks and privilege of TFSAs


Save more with tax-free growth 

Investments grow tax-free while inside the TFSA, so you don’t have to include any earnings in your income.


Keep more with tax-free withdrawals

Withdrawals can be made from the TFSA at any time for any purpose. Withdrawals are generally not considered as taxable income nor subject to tax.
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No impact to your government benefits

No income you receive or withdrawals you make from a TFSA will affect your eligibility to receive income-tested benefits such as the Guaranteed Income Supplement, Canada Child Tax Benefit or Old Age Security benefits. Since withdrawals do not count as income for tax purposes, they do not raise your tax rate either. 


Boost returns with flexible investment choice

From term deposits to mutual funds* to stocks and bonds*, we'll help you build an investment strategy tailored to your goals and risk profile.


Better and brighten your future.

Open an TFSA; start a PAC!

It’s easy to get started; contact us at 306.842.6641.

For your appointment, remember to bring:

  • Your social insurance card
  • Notice of Assessment



Let’s Find the Right Investment Mix for You

You can hold a wide variety of investment types within a plan type - including stocks, bonds, GICs, mutual funds and more. That means you can create a custom portfolio to help you reach your goals.

We put the "Guarantee" in Guaranteed Investment Certificates. From $1 to $1,000,000 or more, your principle is always protected and fully guaranteed.  Simply choose the term and rate of return that meets your investment goals. Learn more.

How to Invest

  • With the advice of a professional. We can meet in person, over the phone or virtually. We can even meet where you are. Our experts will help break it down for you, explaining your options so you can make informed decisions on what’s right for you.

  • With the convenience of our Contact Centre. Our local team is a quick call away. No navigating automated systems or waiting hours on hold.

    • Call us at 306.842.6641


Mutual funds combine the benefits of diversification and professional asset management with affordability – making them an ideal solution for many investors. Learn more.

How to Invest

  • With the advice of a professional. We can meet in person, over the phone or virtually. We can even meet where you are. Our experts will help break it down for you, explaining your options so you can make informed decisions on what’s right for you.

  • On your own with an award-winning online trading platform. We’ve partnered with Qtrade Direct Investing® to give you the confidence to buy and sell stocks, bonds, ETFs, and mutual funds - with low trading fees.


If you’re looking for a digital solution with automated advice, Qtrade Guided Portfolios may be for you. Using a goals-based questionnaire, Qtrade guides you to a professionally managed, low-cost portfolio that fits your personal financial goals, timeline and risk tolerance. It provides continuous oversight, automatic rebalancing and ongoing personal support. You can watch your investments grow without having to manage your account or worry about your portfolio straying from your goals. Learn more.

How to Invest

  • With digital, automated advice through an online investing program that manages your portfolio, so you can “set it and forget it."

Private wealth solutions for the ease of an all-in-one solution. Learn more.


Available only at the credit union, a complete, diversified investment in a single portfolio with advanced construction and professional management.

How to Invest

  • With the advice of a professional. We can meet in person, over the phone or virtually. We can even meet where you are. Our experts will help break it down for you, explaining your options so you can make informed decisions on what’s right for you.

Stocks (also called shares or equities) represent an ownership position in a publicly traded corporation. As the company grows, so does your money – either through stock price increases or shared earnings such as dividends. Learn more.

How to Invest

  • With the advice of a professional. We can meet in person, over the phone or virtually. We can even meet where you are. Our experts will help break it down for you, explaining your options so you can make informed decisions on what’s right for you.

  • On your own with an award-winning online trading platform. We’ve partnered with Qtrade Direct Investing™ to give you the confidence to buy and sell stocks, bonds, ETFs, and mutual funds - with low trading fees.

There are several types of bonds, which are effectively loans, with the borrower usually being a government or corporation. Like a loan, the bond provides regular, predicable interest payments to the lender, in this case you. Learn more.

How to Invest

  • With the advice of a professional. We can meet in person, over the phone or virtually. We can even meet where you are. Our experts will help break it down for you, explaining your options so you can make informed decisions on what’s right for you.

  • On your own with an award-winning online trading platform. We’ve partnered with Qtrade Direct Investing™ to give you the confidence to buy and sell stocks, bonds, ETFs, and mutual funds - with low trading fees.


THE NITTY-GRITTY: everything you need to know about TFSAs

Since they were introduced in 2009, TFSAs have offered a unique way for Canadians to save money and pay less tax. Any Canadian resident 18 years or older with a social insurance number can open a TFSA. They are called “savings accounts,” but TFSAs can hold many different types of investments, meaning you can create a investment portfolio tailored to you and your goals.

To get the most out of a TFSA, it should be part of your overall financial plan.

Any individual that is a resident of Canada who:

  • has a valid SIN and
  • who is 18 years of age or older
is eligible to open a TFSA.

Did you know if you’ve never opened a TFSA, you can contribute up to $95,000 today?*

Since 2009, the Canadian government has set a maximum amount that qualified Canadians can contribute to their TFSA every year, regardless of income.

Unused TFSA contribution room can be carried forward indefinitely to future years. If you didn’t contribute the maximum amount in a given year, you’re allowed to “catch up” in the future, within the overall limits of your TFSA contribution room limits.

The following chart shows the contribution limits for each year that the TFSA has been available.

Year Contribution limit Year Contribution limit
2009 $5,000 2017 $5,500
2010 $5,000 2018 $5,500
2011 $5,000 2019 $6,000
2012 $5,000 2020 $6,000
2013 $5,500 2021 $6,000
2014 $5,500 2022 $6,000
2015 $10,000 2023 $6,500
2016 $5,500 2024 $7,000
* Total $95,000

* That's right, if you turned 18 in or before 2009 and have never contributed to a TFSA before, you could contribute $95,000 today!

At any point, if you contribute more than the total allowed contribution limit, the over-contribution amount will be subject to a tax penalty.



Withdrawals can be made from the TFSA at any time for any purpose.

Withdrawals are typically not considered as taxable income and are not subject to tax. Because withdrawals are not considered as taxable income, they will generally not trigger government benefit clawbacks or affect tax credits.

Here's a little added bonus: any withdrawals from your TFSA are added to your TFSA contribution room limit in the following year, so you can recontribute the amount you withdrew in a future year. 


  • Account is funded with after-tax dollars (no tax deduction for contributions)
  • Earnings growth in plan is tax-sheltered (no tax on any investment growth)
  • No tax on any withdrawals

Boost your financial know-how

Check out Enrich - a free, award-winning financial education platform.

Find all the things you need to get started on your financial wellness journey!

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Online brokerage services are offered through Qtrade Direct Investing. Mutual funds and other securities are offered through Aviso Wealth. Qtrade Direct Investing, Qtrade Guided Portfolios and Aviso Wealth are divisions of Aviso Financial Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual funds and other securities are not insured nor guaranteed, their values change frequently and past performance may not be repeated.


Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc.

Online brokerage services are offered through Qtrade Direct Investing, a division of Aviso Financial Inc.
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