A group Tax-Free Savings Account (TFSA) is a flexible savings arrangement registered under the Income Tax Act (Canada) that allows Canadians to contribute up to a certain amount each year. Contributions are made with after-tax dollars and are not tax-deductible. Investment income is not taxed and withdrawals are tax-free.
If your group TFSA is invested in an accumulation annuity, click here to see how Assuris protection is applied.
If your group TFSA is invested in a segregated fund policy, click here to see how Assuris protection is applied.