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Tax-Free Savings Account (TFSA)

Grow your savings tax-free

A BETTER WAY TO BANK

Tax-free savings you can access any time

A Tax-Free Savings Account (TFSA) is a versatile financial tool that allows you to grow your savings and investments without paying taxes on the gains. Unlike an RRSP, contributions to a TFSA are not tax-deductible, but the real magic happens when it comes time to withdraw—all earnings and growth are tax-free.

Benefits of investing in a TFSA

Tax-free growth
Enjoy the freedom of tax-free growth on any investments held within your TFSA.
Flexible withdrawals
Need to access your money? No problem. TFSAs offer unmatched flexibility.
A long-term financial tool
Whether you're just starting your career or enjoying your retirement, a TFSA remains a valuable financial tool.

How to make the most of your TFSA

Open an account
Opening a TFSA with Luminus Financial is easy. Our straightforward process ensures you get started on your tax-free savings journey right away.
Contribute regularly
Make regular contributions to take full advantage of the tax-free growth potential. Even small, consistent contributions can make a significant impact over time.
Explore investment opportunities
Whether you're new to investing or a seasoned pro, our experts can guide you through a range of investment options to help you build a diversified and rewarding portfolio.
Monitor and adjust
Regularly review your TFSA investments and contributions to earn the most on your deposits. Our Member Relations Team are here to assist you in optimizing your strategy based on your evolving financial goals.

Frequently asked questions

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