- Get started with as little as $100
- Earnings on your investments grow tax-sheltered
- Use it to start investing in Guaranteed Investment Certificates (GICs) or mutual funds, which may potentially earn higher returns than a savings account
- You can withdraw funds from your TFSA whenever you want (depending on what you've invested in), and use the funds for multiple purposes.
- There is no requirement to collapse your TFSA at a set age. You can keep it as long as you live.
- Get started with as little as $100
- Earnings on your investments grow tax-sheltered
- Use it to start investing in Guaranteed Investment Certificates (GICs) or mutual funds, which may potentially earn higher returns than a savings account
- You can withdraw funds from your TFSA whenever you want (depending on what you've invested in), and use the funds for multiple purposes.
- There is no requirement to collapse your TFSA at a set age. You can keep it as long as you live.
Which Goal Are You Saving For?
In 5 easy steps, the Investment Wizard can help you save for what's important to you.
> Try ItWhich Goal Are You Saving For?
In 5 easy steps, the Investment Wizard can help you save for what's important to you.
> Try ItThis material is intended as a general source of information only, and should not be construed as offering specific tax, legal, financial, investment or other advice. Royal Bank of Canada and its affiliates can only provide recommendations in connection with their own products and services, and such recommendations are based on the completeness and accuracy of the information provided to us. Individuals are responsible for making their own product and service decisions, and should consult with their professional tax advisor, accountant, legal professional or other professional before taking any action based upon the information contained in this document.
Mutual funds are sold by Royal Mutual Funds Inc. (RMFI) and guaranteed investment certificates are offered through Royal Bank of Canada and may be held in RMFI investment accounts where RMFI holds the asset in its name, as nominee.
Financial planning services and investment advice are provided by Royal Mutual Funds Inc. (RMFI). RMFI, RBC Global Asset Management Inc., Royal Bank of Canada, Royal Trust Corporation of Canada and The Royal Trust Company are separate corporate entities which are affiliated. RMFI is licensed as a financial services firm in the province of Quebec.
