Tax Free Savings Account (TFSA)

Jump start your savings in a Tax Free Savings Account (TFSA).

Flexible enough to be used for an emergency fund, to purchase a new car, start a small business or take a vacation, while also saving for an education or retirement.

TFSA Features:

  • Earn investment income tax free inside the account.
  • Contributions are not tax deductible; withdrawals are not taxable.
  • Carry forward unused contribution room.
  • Neither income earned in a TFSA nor withdrawals will affect your eligibility for federal income-tested benefits and credits.

You can hold most Term Deposits within your TFSA, including SASCU's Market Linked Term Deposits!

    Unused contribution room from 2009 can be carried forward. Ask your SASCU Advisor for more information.

    2009201020112012201320142015201620172018Unused
    from 2009
    Contribution
    Limit
    $5,000 $5,000 $5,000 $5,000 $5,500 $5,500 $10,000 $5,500 $5,500 $5,500 $57,500

    Get started now

    If you are a not an existing SASCU Member or don't have an open TFSA account, apply online now.
    Apply 

    Mutual funds and securities related financial planning services are offered through Qtrade Asset Management Inc., Member MFDA.
     

    Tools & Tips

    Non-Redeemable Term Deposit (TFSA eligible)
    1 Year 2.55%
    2 Year 2.80%