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Our Tax-Free Savings Account Calculator shows you the benefits of investing in a TFSA over a non-tax sheltered investment.
This calculator is simply a tool you can use for illustrative purposes and is not intended to provide investment advice. The applicability and accuracy of the calculations are not guaranteed.
To get a better idea of how your TFSA can help you reach your savings goals, book a no obligation appointment with one of our financial experts.
Despite its name, a Tax-Free Savings Account is actually not a savings account. It’s more of an investment account. It’s a vehicle where your investments can grow without having to pay tax on the earnings.
It can be a little bit confusing which is probably why many Canadians are not using their TFSA to its full advantage.
We acknowledge that we have the privilege of doing business on the traditional and unceded territory of First Nations communities.
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