In 2009, the Federal Government introduced a new registered savings account that allows taxpayers to earn investment income tax free. Beginning in 2009, each individual Canadian Resident, 18 years or older, may invest up to $5000 and each year after (limit may be increased depending on the rate of inflation). For investments not made to the maximum, the amount is carried forward to future years.

Horizon Credit Union offers a variety of Tax Free Savings Account options. For full details on the Tax Free Savings Account and an investment that meets your investment strategy contact us.