Don't just save your money in your TFSA. INVEST in Israel bonds and you can grow your interest income tax-free*
With a Tax-Free Savings Account, Canadian residents age 18 and older can deposit up to CDN $5,500 per year without being taxed on investment income.
Best of all, your TFSA is more than a cash account. It can be structured so you can invest in various instruments, including Israel bonds. And as the name says, your interest grows tax-free.
See more about your TFSA contribution room here
TFSA dollar limit
Add Israel bonds to your Self-Directed Tax-Free Savings Account and benefit from:
- A Perfect Record of Repayment
- Choices between US and CDN currencies
- Fixed Rates of return with Semi-Annual Income Payments
- Compound Interest
Full Service brokerage or Discount brokerage firms can hold Israel Bonds.
- The registered plans must be Self-Directed
- The required funds must be readily available before the Israel bonds order is placed
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This does not constitute tax advice. Please consult with your financial/tax advisor should you have any tax-related questions.
* Israel Bonds/Canada-Israel Securities, Limited does not give tax advice. Israel Bonds are eligible for Self-Directed Tax-Free Savings Accounts. According to CRA, your TFSA contribution room is calculated based on your cumulative TFSA room since 2009, provided you were over the age of 18 in 2009 and lived in Canada for all those years. If both of these conditions are met, your total contribution room would be $52,000 CDN as of January 1, 2017, and will be $57,500 CDN as of January 1, 2018, less your contributions plus your withdrawals.