A TFSA in Hanna is a new option in short-term saving that can save you from having to withdraw from your RRSPs prior to retirement. The TFSA or Tax-Free Savings Account allows you to save for something like a home, post secondary education or dream vacation, while still receiving great returns and the added benefit of having tax-free income. You pay no tax on investment income or on withdrawals, so this might just be one of the best ways to save throughout your entire lifetime. Get the advice you need, talk to your local Co-operators Financial Advisor.
If you are a Canadian resident age 18 or over, you can contribute up to $5, 000 to your account. Each year, another $5, 000 (indexed to Consumer Price Index) will be added to your contribution room.
Contact a Co-operators Financial Advisor for a more in depth explanation about the TFSA in Hanna, or with any other investing questions you might have. Choose
As a responsible corporate citizen, we believe in balancing our economic, environmental and social priorities. In fact,
Hanna has a public policy system that provides a minimum level of mandatory coverage to vehicle owners when they purchase license plates.