Giving to others while reducing 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 2016 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 January to March 2017, is 1.85%.
Set-up your TFSA
The following forms allow you to set-up and manage your Concentra Financial Self Directed TFSA. You may download these documents, or request them from our office by contacting us at firstname.lastname@example.org or 780.465.8307.