A smart way to save
The contribution room available in a TFSA is in addition to the contribution room allowed under a registered retirement savings plan. While TFSA contributions are not tax deductible, they still provide an excellent opportunity to increase retirement savings.
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Features and Benefits of a Link Group TFSA
- Group TFSAs are easy to manage
- Supplement employee benefits
- Effective way of helping employees reach their financial objectives
- Employer contributions can lead to a motivated and loyal workforce
- Contributions are not locked in
- Withdrawals may be re-contributed in subsequent years
- Can be used as collateral on a loan
- Do not have any tax impact on estates
- Tax free earnings on investments within the TFSA
- Great flexibility to manage short and mid-term savings
Financial Wellness Benefit Plans
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