Tax free growth for your savings
Date posted: November 21, 2013
Earn 1.55%1 on your savings, tax-free.
Tax-Free Savings Accounts (TFSAs) allow Canadians to earn investment income, tax-free. They are a great way to save for short or long term goals and an excellent complement to your registered savings plans.
If you have savings sitting in a regular savings account, consider opening a Tax-Free Advantage Account. Not only will you earn a great interest rate (1.55%) on every dollar in your account, your money will grow tax-free and can be accessed at any time, for any purpose, without incurring fees or taxes.2
If you agree, once you’ve reviewed the attached information, that a Tax-Free Advantage Account would help you meet your savings goals, simply email us here and we would be happy to arrange a meeting with your advisor.
1 As at April 3, 2013, a variable annual interest rate of 1.55% is applied to all funds in the account. Interest is calculated on the total daily closing balance and paid monthly. Rate is subject to change without notice.
2 See http://www.cra-arc.gc.ca/tx/rgstrd/tfsa-celi for details. Business Advantage Account is offered through Manulife Bank of Canada. Manulife, Manulife Bank, the Manulife Bank For Your Future logo and the Block Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.