The perfect complement to an RRSP
Put more money away for retirement.

Offset your pension adjustment factor
With a TFSA, you can shelter $5,000 a year for your retirement even if you have used all your RRSP contribution room for the year.

Not just for retirement
Use the TFSA for other things, too: buying a house, travel, contingencies, etc.

Non-taxable returns
Realize your profits without paying taxes on them.

Cumulative contribution room
If you do not contribute in a given year, the unused $5,000 is added to your contribution room for the next year.

Repayable withdrawals
When you withdraw funds, an equal amount is added to your contribution room for the next year.

No need for earned income
Any Canadian adult can contribute $5,000 a year to a TFSA, regardless of his or her income.

An income-splitting tool
The TFSA can help to split income between spouses at retirement as a way of reducing their tax load.

No Old Age Security clawback
A withdrawal from a TFSA does not affect your Old Age Security benefits.

For more information or to open your FÉRIQUE TFSA:
Use our toll-free line from wherever you are, with no waiting, 8:00 a.m. to 8:00 p.m., Monday to Friday.

1 800 291-0337

You can also reach us by e-mail at: service.ferique@bnc.ca