Tax Free Savings Accounts (TFSA)


Introducing the DundeeWealth Tax-Free Savings Account
As you may know, Canadians have a new tax-exempt way to save and invest for the future:
The Tax-Free Savings Account (TFSA). What you may not be aware of is the exceptional flexibility that the new account will offer in addition to tax savings. Many are calling it the most attractive government savings program since the introduction of the Registered Retirement Savings Plan (RRSP). I am writing to share this good news with you, and to outline what the TFSA can do for you.
If you are a Canadian resident aged 18 years or older, you can open a TFSA that lets you save and invest without being taxed on interest or investment earnings � so you get to keep 100% of what you�ve earned. You can contribute up to $5000 per year to start, and unused contribution room is carried forward indefinitely. The DundeeWealth Self-Directed TFSA can hold any asset that is RRSP eligible, including GICs, fixed income and equity-based investments, and more.
Withdrawals from a TFSA can be made tax-free any time of the year for any reason, and you don�t lose your contribution room � the amount withdrawn gets added to your unused contribution room the following year. Moreover, withdrawals won�t affect federal income-tested benefits like Old Age Security or the Child Tax Benefit.
That�s just a taste of what awaits you with the TFSA. While RRSPs are mainly intended for retirement, TFSAs are like an RRSP for everything else in your life. Easy access, tax efficiency and exceptional flexibility � there�s a lot to like, whatever your timeline or saving objectives. It�s a great new way for you to make the most of your savings while trimming taxes!
We'll show you how to best integrate it into your overall investment plan. If you have any questions about the TFSA or would like to set up a meeting, please do not hesitate to contact us at: (800) 652-7472 or 975-9500 in Saskatoon.
TO OPEN YOUR ACCOUNT TODAY PLEASE CONTACT US AND WE CAN FAX, EMAIL OR MAIL YOU THE PAPERWORK. ALTERNATIVELY, YOU CAN SET UP AN APPOINTMENT TO COMPLETE IT IN PERSON AT ONE OF OUR CONVENIENT LOCATIONS.
Once you have completed the paperwork, drop it off or mail to our Saskatoon office:
Dundee Securities Corporation 1016 8th Street East Saskatoon, SK S7H 0R9
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