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.
As of 2017, the Government of Canada allows you to add up to a maximum of CDN $52,000 in your Tax-Free Savings Account. 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
*Self-Directed Plans. Interest earned on your Israel bonds can grow tax-free in a TFSA!
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.