Tax Free Savings Accounts: What you need to know

TAX FREE Savings Accounts are now available at PenFinancial Credit Union.
Click here and get ready for good4you savings!

In the 2008 Federal Budget, the government announced plans to offer all Canadians access to Tax Free Savings Accounts (TFSA) beginning January 1, 2009.

These accounts, designed to offer an alternative way to save for retirement or special purchases, allow Canadians to invest up to $5,000 per year in after-tax money into a tax-free account and withdraw it at any time, without paying taxes.

To learn more, visit www.tfsa.gc.ca.

You can also view a short presentation courtesy of AIM Trimark, or call any one of our branches and we'd be happy to answer any of your questions.