TLM Financial Planning Inc.
Investia Financial Services
Mutual Funds Dealer
500 – 666 Burrard Street Vancouver, B.C. V6C 3P6
Toll Free: 1-855-685-1856
Toll Free Fax: 1-855-685-1857
A TFSA is a plan registered with the federal government to shelter tax on income earned on investments held under this type of plan. To be eligible to open a TFSA you must be 18 years of age or older and have a valid Canadian social insurance number (SIN).
As of January 1, 2009 eligible Canadians are permitted to contribute up to $5,000 annually. For each year you were unable to contribute to a TFSA this amount will carry-forward and be added to your eligible deposit room in a future year. Any year you need to withdraw from your TFSA, the capital and any income earned is non-taxable and this amount can be added back to your TFSA deposit room the following calendar year. You can also name a beneficiary on a TFSA, which will save on probate fees and estate administration for your executor if you were to pass away.
There are multiple types of investment options available to you in a TFSA. Whether it is GIC's, Mutual Funds or Segregated Funds, by working with you to identify your goals, we will find the best investment solution(s) for you.