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TSFA - Tax Free Savings Account

Blog by | April 25th, 2015

I just set up a TFSA (Tax Free Savings Account). The government has increased the yearly limit from $5,000.00 to $10,000.00. A TFSA allows you to accumulate money tax free and there are zero penalties for withdrawals. This is an excellent way to save up for a down payment on a house!

Alexandra Axsen
Owner/Managing Broker
Lake Okanagan Realty Ltd.
Tel: (250) 870-2792
Fax: (778) 484-5252
506 Doyle Avenue
Kelowna, BC V1Y 6V8