Tax-Free Savings Account

Key Features

• Eligible investments include Class Plus 3.0, Empire Life Guaranteed Investment Funds and Guaranteed Interest Contracts
• Contribution room: $7,000 for 2024 with unused contribution room carried over indefinitely
• Over-contribution penalty - 1% on the excess amount each month
• Tax-free growth – no tax on interest, dividends or capital gains from TFSA investments
• Tax-free withdrawals at any time
• Deposits, growth and income from a TFSA do not affect the eligibility for federal income-tested benefits (OAS, GIS, CCB and GST credits)

Marketing Materials for Clients

• Class Plus 3.0 and TFSA (INP-0056)
• Get Your TFSA working with Emblem GIF Portfolios (INV-946)
• TFSA Client Brochure (INP-0281)