Give to others, reduce your taxes
Your Tax Free Savings Account (TFSA) is a self directed plan, managed by Concentra Financial and invested in a King’s mortgage.”
The 2018 annual contribution limit is $5,500.
The Self Directed TFSA is governed by a Declaration of Trust and a fee schedule. King’s pays the annual administration fees for plans valued at $10,000 or higher in December each year. Interest is set at the beginning of each quarter-year based on current rates as a benchmark. Interest is compounded and credited on a quarterly basis.
The current TFSA interest rate, effective April to June 2018, is 1.85%.