Tax-Free Savings Account (TFSA)
Get ready to enjoy tax-free returns at Twin Oak Credit Union.
You can save tax-free and still have the flexibility to withdraw your savings at any time*, for any purpose – it’s your choice.
- Contribute up to $5,000 each year starting January 2009.
- Choose from a range of investments like savings accounts GICs and mutual funds.
- All the income (interest, dividends and capital gains) earned in your Twin Oak TFSA are tax-free for life.
- You can withdraw from your TFSA at any time, for any reason and all withdrawals are tax-free.
- You’ll be surprised at how much you will save and how
quickly your tax-free savings can add up.
*certain conditions may apply.
Try the TFSA Calculator to see how much you can save!