TFSA

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 amounts approved by the Government of Canada each 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.

You can earn
Tax-Free interest
on Israel bonds and turn your
Tax-Free Savings Account into a
Tax-Free INVESTMENT Account!
As of 2019, the Government of Canada may allow you to contribute up to
CDN $63,500
in your Self-Directed
Tax-Free Savings Account
*Interest earned on Israel bonds in a TFSA is tax-free.

Add Israel bonds to your Self-Directed Tax-Free Savings Account and benefit from:

  • Choices of maturity options (2, 3, 5, 10 and 15 years)
  • Currency choices (CDN and USD)
  • Fixed Rates of return with Semi-Annual Interest Payments

Please note:

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

TFSA dollar limit

 

Year
TFSA Annual Limit TFSA Cumulative Limit
2009 $5,000 $5,000
2010 $5,000 $10,000
2011 $5,000 $15,000
2012 $5,000 $20,000
2013 $5,500 $25,500
2014 $5,500 $31,000
2015 $10,000 $41,000
2016 $5,500 $46,500
2017 $5,500 $52,000
2018 $5,500 $57,500
2019 $6,000 $63,500

 

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 is $63,500 CDN as of January 1, 2019, less your contributions plus your withdrawals.