Tax-Free Savings Account (TFSA)
Since 2009, Canadian residents who are 18 years of age or older have been able to earn tax-free investment income within a Tax-Free Savings Account (TFSA) during their lifetime. Contributions to a TFSA are not deductible for income tax purposes. Also, interest on money borrowed to invest in a TFSA is not tax deductible. However, the income generated in such an account (for example, investment income and capital gains) is tax-free, even when it is withdrawn.
Every Canadian citizen who is age 18 or older and files an income tax return is eligible to contribute to a TFSA.
Contact Us
Karen Mason is a Certified Financial Planner, a Chartered Life Underwriter and a Certified Health Insurance Specialist. She has been involved in Financial Services since 1983. Her background includes management roles such as trainer of financial advisors and development manager. She has worked extensively in the fields of tax and estate planning, retirement planning, business succession planning, farm transfer planning, charitable giving, life, disability, critical illness and long term care insurance.
Mason Financial
5715 Sooke Road
Sooke, BC, V9Z 0C4
Phone: 250-642-0776
Toll Free: 1-866-888-0557
Email: [email protected]
Web: MasonFinancial.net
Serving the communities of:
Sooke, Langford, Colwood, Metchosin, Victoria, Oak Bay, Royal Oak, Sidney, Brentwood Bay, Vancouver Island, British Columbia
Footer
Privacy Policy | Cookie Policy
©2007-2024 Mason Financial. All Rights Reserved.