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Tax-Free Savings Account (TFSA)
Grow your savings without paying taxes on investment income and use it whenever you see fit without any tax consequences.
5 reasonsto open a TFSA with La Capitale
Contribute up to $5,000 per year. Unused contribution room can be carried forward to future years.
Make saving easier with the Payroll Deduction Privilege1.
Your investments are guaranteed by Assuris, up to $100,000 and $200,000 if you are a Mutual member2.
Enjoy interest rate bonuses on certain products if your investments exceed $10,0003.
When you contribute to your spouse's TFSA, even if he or she has no income, your contribution room is not affected.
1 Participating employers only.
2 Investments guaranteed under the Quebec Insurance Act in the case of a La Capitale TFSA Account.
3 Some conditions apply.
What's the difference between a TFSA and an RRSP?
| TFSA | RRSP | |
|---|---|---|
| Objective | Savings for short- and medium-term projects | Retirement savings |
| Contribution age limit | None | Age 71 |
| Annual contribution limit | $5,000 | 18% of earned income, up to $21,000, less the pension adjustment |
| Contributions are deductible on your income tax return | No | Yes |
| Withdrawals are taxable | No | Yes |
Products available for your TFSA
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Guaranteed investment certificates (GIC)
Benefit from competitive returns with fixed- or variable-rate GICs.
Find out more about our guaranteed investment certificates (GIC)
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Investment accounts
Take advantage of the returns offered by a market index, mutual fund or mutual fund portfolio.
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High-interest savings account (La Capitale Stow & Grow Account)
Benefit from a high interest rate and pay no service charges.
Find out more about our high-interest savings account (La Capitale Stow & Grow Account)
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Investment funds
Diversify your portfolio with our comprehensive line of mutual funds and segregated funds.
For more information about how the TFSA works and the rules governing accounts of this type, go to the Canada Revenue Agency's website.
Refer to the service and transaction fee information
Contact your La Capitale financial security advisor today or call us at 1 866 612-3473.
Do you work in the Quebec public service?
As an active or retired employee, you are entitled to special benefits.
Take advantage of exclusive RRSP offers for public service employees.
Act now! Special limited time offer.
