Halifax Tax-Free Savings Accounts
Canadians wanting to save for any reason now can reduce their taxes on savings accounts.
The Canadian Government has introduced a new Tax-Free Savings Account (TFSA).
The TFSA will allow Canadians to put money in investment vehicles to grow savings tax-free throughout their lifetimes. Tax-Free savings accounts can be used to buy a new car, renovate a house, start a small business or take vacations. Halifax residents from all income levels can benefit.
Tax-Free Savings Account
Canadians 18 and older can save up to $5,000 every year in a Tax-Free Savings Account. Contributions to Tax-Free Savings Accounts will not be deductible for income tax purposes but investment income, including capital gains. Money earned in a TFSA will not be taxed, even when withdrawn. Unused Tax-Free Savings Account contribution room can be carried forward to future years. You can withdraw money from the Tax-Free Savings Account at any time for any purpose, and the amount withdrawn can be put back in the TFSA without reducing your savings contribution room. Income earned in Tax-Free Savings Accounts will not affect your eligibility for federal income-tested benefits and credits.
Contributions to your spouse's Tax-Free Savings Account are allowed and can be transferred to a spouse upon death.
Halifax Tax-Free Savings Account Notes
TFSA savings will not be able to reduce your income for tax purposes. People who cannot contribute $5,000 in a given year will be able to carry forward their unused Tax-Free Savings Account contribution room to future years. Canadians can contribute to their spouse's or common-law partner's Tax-Free Savings Account, depending on the spouse or partner's available savings account room.
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Halifax Companies offering Savings Plans
Credit Union Atlantic - 902-492-6500
6954 Mumford Road , Halifax , NS B3L4V9
Keyword : savings
Investing Guide Category : Banks
www.cua.com
Savings, Tax Free Savings Accounts
Credit Union Atlantic - 902-492-6500
5670 Spring Garden Rd , Halifax , NS B3J1H6
Keyword : savings
Investing Guide Category : Banks
www.cua.com
Savings, Tax Free Savings Accounts
Credit Union Atlantic - 902-492-6500
6080 Young Street , Halifax , NS B3K5L2
Keyword : savings
Investing Guide Category : Banks
www.cua.com
Savings, Tax Free Savings Accounts
iNova Credit Union Ltd - 902-453-1145
2-6175 Almon Street , Halifax , NS B3K5N2
Keyword : Everyday Banking Plus: Tax Free Savings Accounts RRSP's Small Business Loans
Investing Guide Category : Credit Unions
Savings, Tax Free Savings Accounts
League Savings And Mortgage - 902-453-4220
6074 Lady Hammond Road , Halifax , NS B3K2R7
www.lsm.ca
Investing Guide Category : Investments-Miscellaneous, Mortgages
www.lsm.ca
Savings, Tax Free Savings Accounts
Roone Financial Group - 902-445-6732
Halifax , NS
Investing Guide Category : Registered Retirement Savings Plan
Savings, Tax Free Savings Accounts
USC Education Savings Plans - 902-425-1100
Halifax , NS B3J3M5
Investing Guide Category : Financial Planning Consultants
Savings, Tax Free Savings Accounts
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