Carpathia Credit Union’s Tax Free Savings Accounts allow members to earn tax-free income and capital gains.

A TFSA can provide you with a savings vehicle to earn tax-free investment income.
 
Here are some of the main features of this new, registered product:
•     Available to Canadian residents age 18 and older
•     Contributions are not tax deductible
•     Contributions may only be made by the owner
•     Income earned and capital gains are tax sheltered
•     Withdrawals of contributions and/or income are/is not subject to tax
•     Maximum contribution limit for 2009 is $5,000.
•     Unused contribution room may be carried forward and contributed in a future year
•     Withdrawals (capital and income) will increase the unused contribution room
•     Unused contribution room will be reported on your annual CRA Notice of Assessment
 
Visit your nearest branch or contact us at 989-7400 for more information.

Click here for TFSA FAQs.