TAX-FREE SAVINGS ACCOUNTS (TFSAs)

Tired of paying taxes on your investments? You don’t have to with a Tax-Free Savings Account at Northern Credit Union. Flexible, secure, and best of all, tax-free, TFSAs allow you to grow your investments without paying taxes on the gains.

BENEFITS

  • No minimum contribution required
  • Contribute up to $5,500 per year (as of 2016)
  • Any investment income you earn is tax-free
  • Withdraw money at any time with no tax penalty
  • Unused contributions are carried forward to the next year
  • Choose from a variety of investment options

QUALIFYING INVESTMENTS

  • Term deposits and GICs
  • Variable interest savings accounts
  • Credit union shares
  • Index-linked term deposits
  • Mutual funds
  • Publicly traded securities
  • Bonds

Please visit your local branch or call 1-866-413-7071 (Mon-Fri, 9-5pm) to talk to a Northern Advisor.