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.
- 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
- Term deposits and GICs
- Variable interest savings accounts
- Credit union shares
- Index-linked term deposits
- Mutual funds
- Publicly traded securities
Please visit your local branch or call 1-866-413-7071 (Mon-Fri, 9-5pm) to talk to a Northern Advisor.