A penny saved is a penny earned
Tax-Free Savings Account (TFSA)
“I Want to Save for the Future”
A TFSA is a registered account you can use to save for a major purchase or goal —a new car, a dream vacation or retirement (contribution limits apply). Investment earnings and withdrawals are tax-free, so your money grows faster!
Benefits of a TFSA
No Tax on Income
Earnings from qualified investments (interest, dividends or capital gains) are never taxed.
Hold the Plan for Life
Keep your TFSA as long as you live. Unlike the RRSP, you won’t have to close it at a set age.
Keep Your Contribution Room
In addition to the annual contribution limit, your unused contribution room is carried forward indefinitely. Plus, withdrawals are added back to your contribution room the following year.
No Income Requirements
Retired or stay-at-home parent? Contribute money from your spouse or park RRIF withdrawals in a TFSA.
No Tax on Withdrawals
Flexible access to your funds (depending on your investments) without the investment gains being added to your income for the year.
Keep Federal Benefits
Income earned and withdrawals don’t affect eligibility for Federal income-tested government benefits or tax credits.
Guaranteed Investment Certificates (GICs)
“I Want to Grow My Money without Worrying about Potential Losses.”
A GIC is a secure investment that guarantees 100% of your original investment, while earning interest at a fixed or variable rate, or based on a specific formula.
Benefits of a GIC1
At TIB Bank, you have a broad choice of GICs, making it easy to find one that fits your goals.
Safe and Secure
Invest with peace of mind knowing that your original investment is guaranteed.
Flexible Terms and Payment Options
Choose from a variety of investment terms and interest payment frequencies that suits your needs.
Competitive Rates
Enjoy competitive rates that are guaranteed for the full term of your investment.
Contact
- +1 (802) 909 2829
- info@treasurefinancialbank.com