In less than 10 years, the TFSA has replaced the RRSP as the primary savings vehicle in Canada. According to Statistics Canada, Canadian households in lower tax brackets (lower incomes) should consider the TFSA first, then move on to an RRSP, based on available savings.

Conversely, the TFSA is a good supplemental instrument once you have reached the RRSP contribution limit.

Whether its for an emergency fund or to save for a special project, the TFSA is an excellent instrument to grow your savings tax-free.

Because your situation is unique, our financial advisors can help you determine your needs and help you find the best solution for your situation.