top of page

Unlocking Financial Freedom: Using Your TFSA to Grow Your Wealth


If you're a resident of Canada, the Tax-Free Savings Account (TFSA) could be an option for achieving financial success.


Here are some benefits of a TFSA to you as an investor:


  • Tax-Free Growth: Any capital gains, dividends, or interest earned within the account are not subject to taxation.

  • Contribution Room: Every Canadian resident over the age of 18 receives TFSA contribution room each year. The 2024 Total Limit (if qualified since 2009) is $95,000.00. Use this link to calculate your contribution room/limit: https://www.theglobeandmail.com/investing/personal-finance/tools/tfsa-limit/

  • Flexibility: Unlike Registered Retirement Savings Plans (RRSPs), TFSA withdrawals are tax-free.

  • Diverse Investment Options: You can hold various assets within your TFSA, including stocks, bonds, mutual funds, ETFs, and even alternative investments like real estate investment trusts (REITs)

  • No Impact on Government Benefits: Withdrawals from a TFSA do not affect your eligibility for government benefits like Old Age Security (OAS) or the Guaranteed Income Supplement (GIS)


All in all, using a TFSA account for various investment options is absolutely worthy of consideration during an individual investment planning process.


The best part: OZ Capital MIC (Mortgage Investment Corporation) is a TFSA-eligible investment vehicle.


For more information regarding OZ Capital MIC, please contact Denis Rudenko at: denis@ozcapital.ca or book a call with us.

70 views0 comments

Recent Posts

See All

Kommentare


bottom of page