What the TFSA gives you
A flexible plan, with no deadline to use it, that adapts to your projects rather than the other way around.
Withdrawals are never taxed
You take out the amount you want, when you want. Nothing is added to your income, no tax to pay.
Tax-sheltered growth
As long as the money stays in the plan, growth is not taxed. Nothing to report each year.
Invested in segregated funds
Alexandre offers the TFSA invested in segregated funds: an insurance contract with capital protection according to the terms of the contract.
Room carries forward indefinitely
Room you don't use carries forward indefinitely. A withdrawal is added back to your room the following year.
Your TFSA strategy,
without leaving home.
Alexandre analyzes your situation and gets back to you with a personalized recommendation. Free, confidential and with no obligation whatsoever.
Save without tax,
and stay free.
The TFSA gives no deduction when you contribute, but it never taxes you when you withdraw. It's the most flexible plan for your projects and for your retirement alike.
Who is it useful for?
Your investor profile
Before any recommendation, Alexandre has to know you. A TFSA meant for a near-term project isn't invested like a TFSA meant for retirement.
Your financial situation, your income, your debts, your family and your goals.
The starting pointHow soon you'll need the money, and how much fluctuation is acceptable to you.
Two key questionsAlexandre establishes your profile and recommends an allocation that suits you.
Matched to your profileYour profile changes with your income, your projects and your horizon. The file is reviewed every year.
Every yearThis process is what makes sure the recommendation really suits you.
The FHSA, the best of both worlds
To buy a qualifying first home, the FHSA combines the advantage of the RRSP with the advantage of the TFSA. Alexandre offers the FHSA invested in segregated funds.
Deductible, like an RRSP
Your contribution is deducted from your taxable income for the year. That's the RRSP advantage.
Tax-free, like a TFSA
The withdrawal to buy a qualifying first home is not taxed. That's the TFSA advantage.
It's this combination that generally makes the FHSA more advantageous than the TFSA alone for a first home purchase.
$8,000 in the first year
You get $8,000 of room in the first year you open your first FHSA, up to a lifetime maximum of $40,000.
Unused room carries forward
Room you don't use doesn't disappear. It carries forward to the following years.
Transfers from your RRSP
A transfer from your RRSP to your FHSA counts toward your room for the year. It has to be factored in before you contribute.
FHSA and HBP together
You can combine the FHSA and the HBP, a withdrawal from your RRSP of up to $60,000, for the same qualifying home, if all the conditions are met at the time of each withdrawal.
TFSA or FHSA?
They aren't competitors. They're complementary, and the right mix depends on your situation.
Check my eligibilityThe FHSA is for a first-time home buyer and eligibility is never automatic. Alexandre confirms your eligibility and the rules that apply to your situation before any contribution.
What kinds of funds?
The TFSA is invested in segregated funds. Since it serves a short-term project just as well as retirement, the fund type chosen depends on your investor profile, established with Alexandre.
Conservative
Stability comes first. Useful when the horizon is shorter.
Balanced
A mix of growth and stability. It's the most common choice.
Growth
Aims at the long term and accepts more fluctuation along the way.
What is a segregated fund?
It's an insurance contract whose value tracks an investment portfolio. It is not an ordinary investment account.
No specific fund is named here and no rate of return is shown. The choice is made with Alexandre, based on your investor profile.
The Alexandre advantage
No bureaucracy, no call center. Alexandre takes the time to understand your situation and offers solutions that truly fit you.
RRSP, TFSA or RESP?
RRSP | TFSA RECOMMENDED | RESP | |
|---|---|---|---|
| Main purpose | Retirement | Projects and flexible savings | Children's education |
| 2026 contribution limit | $33,810 or 18% of earned income (whichever is less) | $7,000 | $50,000 lifetime per child |
| Tax-deductible contribution | |||
| Tax-sheltered growth | |||
| Taxable withdrawal | Yes, added to your income | Yes, in the student's hands | |
| Government grants | CESG 20% + QESI 10% | ||
| Unused room carries forward | |||
| Choose this option |
The long-term effect of a TFSA
Take an eligible person who doesn't contribute for three years. Their room doesn't disappear: it accumulates.
The annual limit is $7,000 for 2024, for 2025 and for 2026. After three years without contributing, they have $21,000 of room.
A withdrawal comes back to you, but only the following year
This is the most common TFSA trap. The amount you take out is not added back to your room right away.
Fictional example, for illustration only. No rate of return is shown or implied. Your actual contribution room appears in CRA My Account. Source: Canada Revenue Agency.
