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What is a TD Direct Investing TFSA account?
A Tax-Free Savings Account (TFSA) is a type of registered plan with tax advantages. Unlike other types of savings, you’re not taxed on the income you earn. It’s a great way to save for your short or long-term goals; because it lets your savings grow – tax-free. We also offer you the ability to open a US$ component of a TFSA plan which will allow you to hold U.S. securities and settle trades in U.S. dollars.
To open a TFSA at TD Direct Investing, the individual must:
- Be a Canadian resident;
· Be of the age of majority in their province of residence*, and
· Have a valid Social Insurance Number (SIN)
There are no fees to open TD Direct Investing TFSA¹.
Please note: The age of majority is 18 in Alberta, Manitoba, Ontario and PEI. The age of majority is 19 in BC, New Brunswick, Newfoundland and Labrador, North West Territories, Nova Scotia, and Nunavut.
New Accounts can be opened at any TD Direct Investing location, or at any TD Canada Trust branch.
¹ Refers to a TD Waterhouse Tax-Free Savings Account.
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Please note that the answers to the questions are for information purposes only for the products discussed. Individual circumstances may vary. In case of discrepancy, the documentation prevails.