Tax-Free Savings Account

Grow your money tax free with a range of investment options to meet your savings goals.

Investment plans

Tax-Free Savings Account

For members aged 18 or over, a TFSA is a registered plan that allows your investments to grow tax-free. This means any interest or earnings gained on the money held in your TFSA are not taxed. Although this is a registered plan, contributions to your TFSA are not tax deductible as they are with RRSP contributions.

Key Benefits
- Income or interest earned is always tax free
- No deadline for contributions
- Contribution room can be carried forward year after year

- Funds can be withdrawn from your account at any time and all withdrawals are tax-free
- All withdrawals need to be repaid in full the next calendar year or thereafter

Talk to an Advisor

Saving Tips

Save faster with a Term Deposit in your TFSA

KCU TFSA Term Deposit provides you with a safe investment option. Earn a great interest rate tax free on your money

Request an Appointment

Investment advice

Work with an Advisor

Reach your investment goals faster with expert guidance and support. Let our professional Advisors help build the right investment plan for your needs

Talk to an Advisor

Investment tip

RRSP or TFSA:

RRSPs and TFSAs are an effective way to help you achieve your financial goals. Equally important, you can contribute to both plans each year to maximize your tax savings. An RRSP helps you save for your retirement and allows you to defer your taxes, while a TFSA enables your investment to grow tax free.

Talk to an Advisor