The Desjardins Securities TFSA
Grow your investments tax-free

The Desjardins Securities TFSA is a new registered savings vehicle that enables you to earn investment income tax-free.

Contributions to your TFSA are not tax deductible, so you will not receive a tax refund.  However, sums accumulated in your TFSA will not be taxed, even when withdrawn.

Why a TFSA?

• Because you want to grow your investments tax-free
  
  
• Because you don’t want to pay tax on the income generated in your TFSA or on your withdrawals
  
  
• Because you will need the money deposited in your TFSA at some point, and you want to maximize this money and not be penalized for withdrawals
  
  
• Because your RRSP is no longer sufficient for you to reduce your taxes
  
  

The Desjardins Securities TFSA
Open an account today!
 
If you are 18 years of age or older, you can benefit from a Desjardins Securities TFSA today!

Contribute tax-free

Regardless of how much income you earned during the year, you can contribute up to $5,000 a year.

Contributions to your Desjardins Securities TFSA are not deductible from your taxable income, nor are capital losses or interest paid on money borrowed to contribute to your account.

However, withdrawals of capital or income generated in your TFSA are not taxable. In other words, investment income (interest, dividends or other) and capital gains earned in your Desjardins Securities TFSA will accumulate tax-free and will never be taxable.

What’s more, TFSA investment income and withdrawals will not affect your eligibility for benefits or tax credits based family or individual income, such as the Canada Child Tax Benefit, Old Age Security benefits, the GST credit, and the age credit.

Your unused contribution room can be carried forward indefinitely, from year to year, with no cumulative limit. You can withdraw sums from your Desjardins Securities TFSA, whether invested capital or earned income, whenever you want, and the amount withdrawn will be added to your contribution room for the following year.

The Desjardins Securities TFSA Your family can benefit too!

You can transfer amounts to your spouse for investment in your spouse's Desjardins Securities TFSA, without any tax implications. You can also transfer funds to your adult-age children so that this money can grow tax-free in their own TFSA. Since the money is invested in their name, it belongs to them, and they can use it as they please.

A flexible, tax-advantageous investment vehicle!

Since the Desjardins Securities TFSA is a savings plan, it can hold all kinds of investments (stocks, bonds, mutual funds, GICs, etc.). So you can choose from our wide range of products those that best match your investor profile and your financial goals. Your Desjardins Securities Investment Advisor will help you select the products that are right for you.

When you invest in the Desjardins Securities TFSA, you get the benefits of a flexible, tax-advantageous investment vehicle, without paying annual administration fees. You also get the expertise of an Investment Advisor who knows the financial markets well and who will recommend investments that are best suited to your needs.

The TFSA: with its double benefits, it's a must!

For more information on the Desjardins Securities TFSA, don’t hesitate to contact your Desjardins Securities Investment Advisor.

RRSP or TFSA?

Many investors are not sure whether a RRSP or a TFSA offers the most advantages. In fact, both are registered savings plans and both offer excellent tax benefits. Whether you should opt for one or the other, or use both a RRSP and a TFSA, will depend on your current financial and tax situation. We suggest you consult your Investment Advisor to help you make the right choice.

* Other minor differences exist between a RRSP and a TFSA. For more information, please contact your Desjardins Securities Investment Advisor.