New Year’s
Resolution: save more money and pay less tax! Tax-Free Savings Accounts now available with
TD
TORONTO, January 2, 2009
– A smart new year’s resolution is to save for
the future. A new and easy way to do this is to open a Tax-Free
Savings Account (TFSA), now available through TD Canada Trust and
TD Waterhouse. With a TFSA, Canadians do not pay tax on investment
income and gains earned in the account; can withdraw money without
a tax penalty; can contribute up to $5,000 in 2009 and have the
ability to re-contribute any amounts withdrawn and carry forward
unused contribution room indefinitely.
“By opening a TFSA, you can make it your
new year’s resolution to save more and pay less
tax,” said Patricia Lovett-Reid, Senior Vice President,
TD Waterhouse. “We encourage customers to talk to us
about how a TFSA can fit into their financial plan.”
Customers can visit any TD Canada Trust or TD
Waterhouse branch or call 1-866-222-3456 (TD Canada Trust) or
1-866-280-2022 (TD Waterhouse) to discuss any of the following
types of Tax-Free Savings Accounts:
- The TD Canada Trust TFSA which offers the High Interest TFSA
Savings Account, and GICs and Term Deposits.
- The TD Mutual Funds TFSA which offers a full suite of TD Mutual
Funds with a proven history of long-term investment
performance.
- The TD Waterhouse Tax-Free Savings Account, which offers a
broad range of investment options from TD Waterhouse Discount
Brokerage, Financial Planning and Private Client Services.
“We started pre-registering for the TFSA
in late November and we’ve had a strong response from our
customers,” said Sarah Armstrong, Associate Vice
President, Retail Products, TD Canada Trust. “Offering
the TFSA to our customers is just one part of our commitment to
making banking a convenient and comfortable
experience.”
For more information on the new TFSA account,
please visit www.tdcanadatrust.com/tfsa
or www.tdwaterhouse.ca/tfsa.
About TD Bank Financial Group
The Toronto-Dominion Bank and its subsidiaries are
collectively known as TD Bank Financial Group. TD Bank Financial
Group is the sixth largest bank in North America by branches and
serves approximately 17 million customers in four key businesses
operating in a number of locations in key financial centres around
the globe: Canadian Personal and Commercial Banking, including TD
Canada Trust and TD Insurance; Wealth Management, including TD
Waterhouse and an investment in TD Ameritrade; U.S. Personal and
Commercial Banking through TD Banknorth and TD Bank, America's Most
Convenient Bank; and Wholesale Banking, including TD Securities. TD
Bank Financial
Group also ranks among the world's leading online
financial services firms, with more than 5.5 million online
customers. TD Bank Financial Group had CDN$563 billion in assets as
of October 31, 2008. The Toronto-Dominion Bank trades under the
symbol "TD" on the Toronto Stock Exchange and New
York Stock Exchange.
For more information,
contact:
Barbara Timmins
TD Bank Financial Group
416-307-6498
td.capa@td.com
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