Tax Free Savings Plan

At Leonard Trust, our Tax-Free Savings Plans (TFSA) provide a smart and flexible way to save and invest your money while enjoying tax advantages. These plans allow you to grow your wealth without worrying about taxes on your investment earnings.

Features of Our Tax-Free Savings Plans

• Tax-Free Growth: Investment earnings within a TFSA grow tax-free, allowing you to maximize your returns without incurring taxes on capital gains or dividends.
• Contribution Flexibility: Contribute up to the annual TFSA limit set by the government, providing flexibility in saving and investing.
• Withdrawal Flexibility: Withdraw funds at any time without incurring taxes, making it suitable for both short-term and long-term savings goals.

Key Benefits of TFSA with Leonard Trust

• Diverse Investment Options: Choose from various investment vehicles, such as stocks, bonds, mutual funds, or GICs, based on your risk tolerance and financial goals.
• No Age Restrictions: Available for individuals of any age, providing a tax-efficient savings and investment tool for everyone.
• Contribution Room Carry-Forward: Unused contribution room accumulates and can be carried forward in subsequent years, maximizing savings potential.

How TFSA Can Work for You

• Short-Term Goals: Save for short-term goals like a vacation, home renovation, or purchasing a vehicle without worrying about taxes on your earnings.
• Long-Term Growth: Use TFSA for long-term goals such as retirement savings, allowing your investments to grow tax-free over time.

Opening a TFSA with Leonard Trust

1. Consultation: Schedule a consultation with a Leonard Trust financial advisor to discuss your financial goals and explore TFSA options.
2. Account Setup: Set up a TFSA account and start investing based on your risk profile and investment preferences.
3. Regular Monitoring: Monitor your TFSA investments regularly, adjusting them to align with your financial objectives.

Start Growing Your Wealth Tax-Free

Unlock the potential of tax-free growth with Leonard Trust’s Tax-Free Savings Plans. Enjoy the benefits of tax-free investment earnings while working towards both short-term and long-term financial goals