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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:

  • 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: or book a call with us.

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