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Home»My business»Business solutions»Employee solutions»Group savings programs»Group TFSA program

Group TFSA program 

Group tax-free savings account (TFSA) program

Offer your employees an easy way to make their contributions to a tax-free savings account. Employees can save for any purpose while earning investment income tax free. It also serves as an alternative to the Canada Savings Bond Program, and generally provides a better return on investment.

The program is available to any Canadian resident age 18 years or older. Features include:

  • $5000 contribution limit for 2011
  • Choice of investment savings accounts or guaranteed investment certificates (GICs) with a 100% deposit guarantee
  • Withdrawals are not reported as taxable income or subject to income tax
  • Unused contribution room accumulates each year and can be carried forward indefinitely
  • No maximum age limit

Establish a group TFSA

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