Tax-Free Savings
Account (TFSA)
Account (TFSA)
Grow your wealth through tax-efficient investments.
Earn more with moomoo.
Earn more with moomoo.
What is a TFSA?
The Tax-Free Savings Account (TFSA), launched by the Canadian government in 2009, enables Canadians to save and invest money without paying taxes on the growth. You can use the funds in a TFSA for various purposes such as education, retirement, buying a home, or emergencies.
How can you benefit from TFSA?
Withdraw anytime, and for any reason!
You can enjoy the flexibility to withdraw your money at any time.
Grow your wealth without paying tax
You can invest your money without paying taxes on your interest, dividends, or capital gains.
Carry-forward your contribution room
You can carry-forward your unused contribution room.
Max out your contribution room up to $95,000*.
Max out your contribution room up to $95,000*.
*Assuming you were 18 or older in 2009, the total contribution amount is $95,000.
Worried about losing your contribution room?
Don't be! Unlike RRSPs, you can recontribute the amount you withdrew in the following year.
Why is moomoo TFSA your first choice?
90%
Invest in the US market and save up to 90% on costs trading US stocks.*
$0
Maximise your returns with lower costs. No account and management fees.
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Disclosure
What is the TFSA contribution limit in 2024?
Accumulative limit (including annual limit)
Annual limit
*If you were 18 or older in 2009, the total contribution amount will be $95,000 by 2024.
Tips to open a TFSA account
What is a TFSA?
Everything you need to know about the TFSA
Advanced strategy: How to maximize your TFSA benefits in 2024?
