Invest in your future

TFSA in 2010

The new year is here. Remember that as of January 1, 2010 you have even more opportunity to grow your investments tax free.

You can contribute up to $5,000 every year and any unused contribution room can be carried forward to the next year. For example, if you contributed $3,000 to your Tax-Free Savings Account in 2009, your contribution room for 2010 will be $7,000 ($2,000 carried forward from 2009 plus $5,000 for 2010). There is no limit on how much contribution room you can accumulate.

Though contributions to your TFSA will not be tax-deductible, your investment earnings will be tax free. With this flexible investment option, you will be able to withdraw your deposits and interest from your TFSA without tax consequences.

Open your Outlook TFSA today. Get our TFSA application online to start enjoying Outlook’s great returns tax free.

Start now, save often

Set up a pre-authorized contribution for as little as $25 and put yourself on an effortless path to a secure future. Simply go online and complete an Automatic Deposit form, sign it and send it in with a void personalized cheque from the financial institution you wish to transfer from. When your savings reach $1,000, transfer your funds to an Outlook GIC and watch your savings grow even faster.

Transfer your existing RRSP, RRIF or TFSA

We make it easy to transfer in your RRSPs, RRIFs or TFSA from another financial institution. Simply complete our online Direct Transfer-in form and send it in, we’ll do the rest.