A tax-free savings account is a flexible registered savings account that allows you to earn income in a tax-free environment.

 Why invest in a TFSA?

• Each Canadian may contribute $5,000 per year into Tax Free Savings Account
• All growth in the plan will be TAX FREE
• Unlike an RRSP, there is no tax deductible for the investment
• All unused room each year is added to your lifetime unused room
• No Tax will be payable when you withdraw funds
• Your unused contribution room will be increased by the amount of any withdrawal
• You are not required to withdraw funds at any age (unlike an RRSP where you must commence withdrawing by age 71
• Withdrawals will not affect income related government benefits such as OAS
• Contributions may be made to a spouse’s or common‐law partners TFSA (and TFSA Assets may be transferred tax free to a spouse’s or common‐law partner’s TFSA upon death

Advantages of the Reuter Benefits Tax Free Savings Account:

• Very competitive Investment Management Fees
• No front end or back end loads
• Contributions will be taken from your bank account directly into your TFSA with Manulife Financial
• Assistance at enrolment and ongoing support from Reuter Benefits staff
• Visit our Tax Free Savings Account site at www.taxfreesavingsaccountscanada.com

 

How to Get Started

To have one of our licensed advisors assist you in setting up a Group TFSA for your organization, contact us at info@reuterbenefits.com or toll free at 1-800-666-0142 and we will respond to your request within 24 hrs!