Canadian Western Trust

Tax-Free Savings Account (TFSA)

The convenience of one consolidated account

A TFSA is a flexible, registered savings vehicle that allows Canadian residents to earn tax-free investment income, generally for shorter term savings needs outside of retirement. As the TFSA contribution room grows every year, so does the opportunity to invest in a wide range of investments. 

A CWT self-directed TFSA is a flexible and convenient way to consolidate a full range of investments into one account. Canadian residents aged 18 years and older can contribute up to $5,500 per year to a TFSA, regardless of their earned income. Contributions will not be tax-deductible, but any investments within the TFSA will grow tax-free.

  • Any unused contribution room can be carried forward to future years
  • Any amount withdrawn from a TFSA can be re-contributed in a future year without reducing contribution room
  • All withdrawals are tax-free and can be used for any purpose
  • Can hold RRSP-eligible investments (as indicated by the Canada Revenue Agency)
  • Consolidation of all eligible investments in one account
  • Unlimited free FundSERV eligible trades 
  • GIC purchases
  • Ability to make in-cash and in-kind RRIF payments to the TFSA for further tax-sheltering 
  • Comprehensive account inquiry through our online service CWeb
  • Annual electronic statements

Questions?

Learn more about our self directed TFSA