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TFSA

Tax free savings trading account

Want your money to grow? Open a Questrade tax-free TRADING account.
Saving is good, but trading is great. And trading with a Questrade tax-free savings account is even better. We took the government’s tax-free savings account and gave it some muscle. Start with up to $5500 per year, bulk it up with our unique trading tools and services, and subtract the nuisance annual fees. That’s the tax-free TRADING account. It’s like steroids for your money.

FAQs

What is a tax-free trading account?

A TFSA (tax free savings account) is a registered account that allows you to earn capital gains and dividends tax free. Your contributions are not tax-deductible, but you won’t be taxed or penalized for any gains – even when you withdraw them. If you let your money sit idle in a low-interest TFSA, your gains will be minimal, meaning there’s not much tax free about it. However, if you pro-actively invest your money and your gains are more significant, then the TFSA is actually working.

How a tax-free trading account works for you

Your part: contributions. You can invest up to $5500 each and every year, and carry any unused contributions forward from previous years (plus $5000 per year from 2009-2012). The trading part: actively manage your investments. Then your gains, whether through capital gains, income or dividends, are tax-free.

What you can trade in a TFTA

Diversify and build a strong portfolio with stocks, options, ETFs, mutual funds, bonds and precious metals in your Questrade TFTA. And like we said, keep it all for yourself.

It’s your money. Keep it that way.

Don’t settle for measly interest rates. Invest your money, and give your money a real chance to grow, and never pay a penny of tax on your investment income, dividends and capital gains.

(Lack of) fees

No fees to open, no annual fees, and no fees or taxes to withdraw your money.

Build your savings (easily)

We have a variety of ways to keep your TFSA growing such as PACCs (pre-authorized cash contribution), automatic deposits, and free dividend re-investment plans (DRIPs).

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