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, renovate a house, start a small business or take a family vacation, while also saving for the future.

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 carried forward. Ask your SASCU Service Representative for more information.

    Already a member? Great. Contact us today to open a new TFSA or contribute to an existing one. You can also add to your existing TFSA contract in online banking.


    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 2.40%
    2 Year 2.45%