Account Highlights
With a TD GoalAssist TFSA1, you'll have the power to select investments and build your plan
- You can build your investments tax-free
A tax-efficient way to build your account through investment growth, dividends, or interest. - Pay no tax on withdrawals
Withdraw your money at any time3 without incurring tax. - Catch up on unused contribution room
Carry unused contribution room forward into future years.
TFSA vs. RRSP
TFSA
|
||
---|---|---|
Primary purpose |
Investing for a goal |
Retirement |
Annual contribution limit |
18% of previous year’s earned income (maximum limits apply), less pension adjustments |
|
Contributions |
Not tax-deductible |
Tax-deductible |
Unused contribution room |
Carried forward |
Carried forward |
Growth |
Tax-free |
Tax-deferred |
Withdrawals |
You’re not taxed on withdrawals |
Funds that are withdrawn are charged a prescribed withholding tax at the time of withdrawal, but will be ultimately taxed as income at your marginal rate. This may affect government benefits such as old age security. |
Withdrawn amounts |
Added to contribution room in future years |
Contribution room is lost for amounts you withdraw |
There's more than one way to invest in your TFSA
-
Stocks
Invest in selected shares from companies listed on six North American exchanges.
-
TD ETFs
The TD ETF (Exchange-Traded Fund) lets you invest in a collection of securities across different geographic regions or industries based on specific investment strategies
Important Account Information
- Relationship Disclosure Document
- An Investor’s Guide to Making a Complaint
Part 1 of 2: Making a Complaint: A Guide for Investors
Part 2 of 2: How Can I Get My Money Back: A Guide for Investors - Account Transfer Client Disclosure
- How IIROC Protects Investors
- Unclaimed property notice
Let's get started
Whether you’re new to investing or have some experience, we'll get you going in the right direction with your TD GoalAssist account.