The Federal Government introduced a new registered savings account that allows you to earn tax-free income on your investments. There are no restrictions on the way TFSA contributions and earnings may be used. You can access your TFSA funds at any time, dependent on investment terms. Withdrawals are not reported as taxable income and are not subject to income tax and they will not impact eligibility for federal income tested benefits and credits.

You are eligible for a Tax Free Savings account if you are: 

  • A Canadian resident, and
  • 18 years of age or older, and
  • hold a valid Social Insurance Number 
Put your TFSA dollars to work at Strathclair Credit Union.
We offer:

  • 1 to 5 year Non-Redeemable and Redeemable Term products
  • Variable interest savings account
  • Mutual Funds

For more information on Tax Free Savings Accounts click here. 

Declaration of Trust
Effective January 1, 2013, the TFSA contracts with our credit union now operate under the Strathclair Credit Union Tax-Free Savings Account trusteed by Concentra Trust. This change does not impact the holdings under the TFSA contracts.  Click for your copy of the amended Declaration of Trust.