How a TFSA works
A Tax-Free Savings Account (TFSA) is a flexible investment account that can help you meet both your short- and long-term goals. Investment income inside a TFSA — whether interest, dividends or capital gains — is not taxed, even when withdrawn.
This tax-free compound growth means your money can grow faster inside a TFSA than in a taxable account.
Benefits of a TFSA
- Tax-free investment income and withdrawals
- Flexible withdrawals — for any reason
- No income requirement
- Investment choice
- Lifelong eligibility
- Unused contribution room carries forward
- Withdrawals don’t affect federal benefits or credits
Is this right for you?
- Anyone 18+ with a valid SIN
- Savers with short- and long-term goals
- Retirees looking for tax-free income
Frequently asked questions
Is there a contribution limit?
Yes — a yearly limit set by the government. Unused room carries forward, and withdrawals are added back the following year.
How it works
Talk to Brinder
Tell us about you and what you need — by phone, email or in person.
Compare options
We compare plans and explain the differences in plain language.
Get covered
We help you apply, then stay with you for renewals and claims.