A Tax-Free Savings Account (TFSA) is a great way for members to invest their money and stay on track with their savings goals.
The 2024 TFSA contribution limit is $7,000. Any unused contribution room gets carried forward. If money is withdrawn, that amount is added back to the contribution limit the following year.
Why is it important?
It is not easy to predict your future, but with a Tax-Free Savings Account (TFSA), you can invest in it. A TFSA is a flexible option when trying to save additional income.
The Campaign
The theme for this year’s campaign will centre around investing in a future you’re excited about. Plan members will receive personalized emails that will invite them to enrol and contribute to their TFSA. Key messaging will focus on how a TFSA can help them:
- Build retirement income
- Use their TFSA for tax-free growth and withdrawals
- Save for a rainy day
Timing
The campaign will run between May 21 and June 28, 2024.
We created a flyer and a banner to help you promote the TFSA campaign among your plan members.
Questions?
Contact your Sun Life Group Retirement Services representative.
