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Tax Free Savings Account (TFSA)


Tax-free returns at Ontario Educational Credit Union.

You can save tax-free and still have the flexibility to withdraw your savings at any time*, for any purpose – it’s your choice.

  • Contribute up to $5,500 each year.

  • Choose from a range of investments like our High Interest Savings Account, GICs and mutual funds*.

  • All the income (interest, dividends and capital gains) earned in your OECU TFSA are tax-free for life.

  • You can withdraw from your TFSA at any time, for any reason and all withdrawals are tax-free.

You’ll be surprised at how much you will save and how quickly your tax-free savings can add up.

*certain conditions may apply

TFSA FAQ's | TFSA Calculator

**Mutual funds are offered through Credential Asset Management Inc. Unless otherwise stated, mutual fund securities and cash balances are not insured or guaranteed and are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions.

 

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Suite 1, 6435 Edwards Blvd. | Mississauga, Ontario Canada L5T 2P7 | Tel: (905) 795-1637