Tax-free Savings (TFSA) Springboard GIC

There are enough risks in life without risking your hard-earned money. Secure and grow your money tax-free with a guaranteed investment certificate in a TFSA.

Interest rate

Guaranteed

Offline Purchase Instructions

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Details

Overview

You've worked hard for your money. Now it's time to make that money work hard for you. Save within a Tax-Free Savings Account (TFSA) to get some tax-free benefits. And create a balanced investment portfolio with the safety and security features of a Springboard GIC. The full amount of your original investment amount (the principal) and the interest you earn are fully guaranteed. And you enjoy flexible terms and interest frequencies. Any individual who is 18 years of age or older and who has a valid Canadian social insurance number (SIN) is eligible to open a TFSA.

Pricing

  • Interest earned
  • Term Range
    3 or 5 years.
  • Minimum Balance
    • Your original investment must be a minimum of $500.
  • Cashability
    Redeemable on each anniversary date.
  • Investment Plan
    • Tax-Free Savings Account (TFSA) is a government plan that is designed to help individuals save money tax-free throughout their lifetime. A TFSA is funded with monies where the tax has already been paid so you don't get a tax deferred benefit but all income generated within the TFSA grows tax-free.

Additional Information

  • Other features
    • Every Canadian resident 18 year of age or older is eligible to save or invest up to $5,0001 every year in a government-registered TFSA.
    • Money earned or withdrawn from your TFSA is non-taxable—that is, all interest, dividends or capital gains earned are tax free.
    • If you withdraw an amount from our TFSA, you can re-contribute that same amount the following year or any year after that.
    • Carry-forward your contribution room—it never expires.
    • Collect federal benefits without deductions. Old Age Security, Guaranteed Income Supplements, Employment Insurance and Canada Child Tax Benefits are not impacted by TFSA withdrawals.
    • Create tax-free savings even if you're over 71. There are no age limits with a TFSA. So if you have more retirement income from your Registered Retirement Income Fund (RRIF) than you need, just invest it in a TFSA.
  • Notes
    1. The $5,500 TFSA annual contribution limit is effective January 1, 2016. Previous limits were $5,000 (2009-2012), $5,500 (2013-2014) and $10,000 (2015)

Details

Overview

You've worked hard for your money. Now it's time to make that money work hard for you. Save within a Tax-Free Savings Account (TFSA) to get some tax-free benefits. And create a balanced investment portfolio with the safety and security features of a Springboard GIC. The full amount of your original investment amount (the principal) and the interest you earn are fully guaranteed. And you enjoy flexible terms and interest frequencies. Any individual who is 18 years of age or older and who has a valid Canadian social insurance number (SIN) is eligible to open a TFSA.

Pricing

  • Interest earned
  • Term Range
    3 or 5 years.
  • Minimum Balance
    • Your original investment must be a minimum of $500.
  • Cashability
    Redeemable on each anniversary date.
  • Investment Plan
    • Tax-Free Savings Account (TFSA) is a government plan that is designed to help individuals save money tax-free throughout their lifetime. A TFSA is funded with monies where the tax has already been paid so you don't get a tax deferred benefit but all income generated within the TFSA grows tax-free.

Additional Information

  • Other features
    • Every Canadian resident 18 year of age or older is eligible to save or invest up to $5,0001 every year in a government-registered TFSA.
    • Money earned or withdrawn from your TFSA is non-taxable—that is, all interest, dividends or capital gains earned are tax free.
    • If you withdraw an amount from our TFSA, you can re-contribute that same amount the following year or any year after that.
    • Carry-forward your contribution room—it never expires.
    • Collect federal benefits without deductions. Old Age Security, Guaranteed Income Supplements, Employment Insurance and Canada Child Tax Benefits are not impacted by TFSA withdrawals.
    • Create tax-free savings even if you're over 71. There are no age limits with a TFSA. So if you have more retirement income from your Registered Retirement Income Fund (RRIF) than you need, just invest it in a TFSA.
  • Notes
    1. The $5,500 TFSA annual contribution limit is effective January 1, 2016. Previous limits were $5,000 (2009-2012), $5,500 (2013-2014) and $10,000 (2015)

Important Information

Interest rate

Guaranteed

Offline Purchase Instructions

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