Tax-Free Savings Accounts
A Tax-Free Savings Account (TFSA) is an investment option that lets you earn tax-free investment income. It’s a great way to complement your RRSP investment strategy, or to save for a short-term goal like a vacation or a large purchase.
You can contribute up to $5,500 per year to a TFSA, and you’ll enjoy tax-free savings on withdrawals made or income earned – no matter how much profit your investments yield.
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How to apply
You can book an appointment online, at your branch, or by calling the Customer Contact Centre at 902-492-6500.
You can also contact a CUA mobile banking advisor to discuss your RRSP options, ask questions, and receive personalized retirement advice. Our advisors will travel to meet you at your home, office, or any other convenient location.