Have you thought about what to do with your tax refund?

TAX REFUND IDEAS

· Make payments toward your debts or your mortgage

· Build up your emergency fund

· Invest it to get ahead on your retirement (RRSP)

· Save for your children’s education (RESP)

· Flexible Saving Goals (TFSA)

· Reward yourself for your good savings habit!

Who can benefit from TFSA?

TFSA is appropriate for anyone who has investments outside a registered plan.

Suitable for all Canadians, aged 18 and older, regardless of income level.

TFSA characteristics & unique benefits

TFSA contribution and interest paid on sums borrowed to contribute are not deductible.

Excess contributions and the income that they generate are subject to a penalty of 1% a month. (No excess margin is allowed.)