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Tax-Free Savings Account (TFSA)

Tax-Free Savings Account (TFSA)

The TFSA is a unique tax-free savings program.

If you’re a Canadian resident age 18 or older you can contribute up to $5,000 annually in a tax-free account, regardless of your income.

Any earnings generated (interest, capital gains or dividends) in the TFSA, as well as sums withdrawn, are not taxable.

If you unhappy with your existing TFSA investment returns you can invest your entire portfolio in to private mortgages and earn 6%-12% secured by Canadian real estate and it is absolutely free off tax. By opening a self-directed account with one of the financial institutions listed below, the TFSA plans become the mortgage holder. All payments are directed back to the self-directed TFSA accounts and your entire profit is sheltered from tax. Financial institutions such as Olympia Trust, National Trust and B2B Trust are an approved under the National Housing Act. They become trustee to administrating your TFSA mortgage.

TFSA account with Insurance Financial Institutions gives you extra protection and guarantees on your initial investment and protect your savings against potential creditors. Flexibility of your investment options plus advantage of integrated savings plans that combines all of your savings objectives: investments, saving for special projects, retirement savings and retirement income.

For a free consultation please call: (416) 953-9947.

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