This summer, let your TFSA do the hard work.
When it comes to saving for a down payment, building a summer cash flow fund, or minimizing a pension income gap in retirement, many education members rely on the powerful, registered investment account, the Tax-Free Savings Account (TFSA). Your investments grow tax-free and can hold a variety of investment types, making it a great option to help you reach all of your short and long-term goals.
Discover the benefits of a TFSA:
- No minimum contribution, which means you can save a little (or a lot) and there’s never taxes owing on gains or income, even when you withdraw
- You can make contributions to a TFSA from the age of 18 onwards. Unlike an RRSP, you can continue even after the year you turn 71 and enjoy the additional financial cushion if you’re already retired
- TFSA contributions can be from any source of funds, not only employment income, so regardless of where the money comes from (gift, second job, or inheritance) you can add it to your TFSA and watch it grow
- Saving becomes automatic and convenient with pre-authorized contributions
Find out more about the benefits of a TFSA here.
From July 1, 2023 to August 31, 2023, open a new Tax-Free Savings Account (TFSA) and you could win $1,000.1
How to Take Advantage of this Offer:
Open a new TFSA with a minimum deposit of $5,000.
Receive one entry into a draw for your chance to win $1,000.1
Why invest with Educators Financial Group?
Since 1975, Educators Financial Group has been helping education members navigate their investment portfolios through uncertain times and plan for their future. No matter where you are in your career, what your present financial situation is like, or what the future may hold—we’ll make sure you’re equipped with the information and resources you need to invest with confidence.
Already have investments elsewhere? Switch to Educators Financial Group and we’ll cover the transfer fees!2