TFSA by Craven Financial Planning
Discover how a Tax-Free Savings Account (TFSA) can help you grow your savings with flexibility and tax-free growth.
Grow Your Savings
We believe in helping you take advantage of investment opportunities with a TFSA as early as possible, but we’re here to support you at any stage. Whether you’re just starting to invest or are already building your portfolio, our commitment is to help you achieve tax-free growth that aligns with your goals.
Investing with a TFSA – common questions and answers:
What types of investments can I hold in a TFSA?
You can invest in stocks, bonds, mutual funds, ETFs, GICs, and more within your TFSA.How can a TFSA help me grow my wealth?
All income, including interest, dividends, and capital gains, is tax-free, allowing your investments to grow faster over time.What strategies maximize the potential of my TFSA investments?
Diversification and regularly contributing the maximum allowable amount each year can enhance your returns while maintaining flexibility.
Ready to grow your wealth? Contact William (Bill) Craven today for personalized investment strategies by filling out the form here or calling for more details.
Ready to start investing in a TFSA and grow your savings tax-free?
Whether you’re just getting started or looking to enhance your current investments, Financial Planner William (Bill) Craven will guide you in making smart decisions that align with your financial goals.
Get started today
A Tax-Free Savings Account (TFSA) is a versatile investment tool
that allows you to grow your savings tax-free.
Frequently Asked Questions about TFSA
A Tax-Free Savings Account (TFSA) is a registered account in Canada where investment income, such as interest, dividends, and capital gains, can grow tax-free.
Any Canadian resident aged 18 or older with a valid Social Insurance Number (SIN) can open a TFSA.
The annual contribution limit is set by the government, and unused contribution room carries forward. For 2025, the limit is $7000.
You can hold a wide range of investments, including cash, stocks, bonds, mutual funds, ETFs, and GICs.
No, all withdrawals from a TFSA are tax-free, and the amount you withdraw is added back to your contribution room in the next calendar year.
No, unused contribution room carries forward indefinitely, and withdrawals create new contribution space in the following year.
Over-contributions to a TFSA are subject to a 1% monthly penalty on the excess amount until it's withdrawn or adjusted.
