Notice to all Tax-Free Savings Account (TFSA) Holders

As of January 1, 2024, your TFSA plan currently held under Casera Credit Union’s TFSA specimen plan will be transferred to Access Credit Union's specimen plan. Concentra Trust remains as the trustee, while all administration and processing continues to be conducted directly at the credit union. Note, this amendment does not alter the investment(s) held in your TFSA plan in any fashion.

Please refer to this document or contact your Branch to obtain a copy of the Declaration of Trust governing Access Credit Union's TFSA specimen plan.

Tax-free investment income.

Tax-Free Savings Accounts (TFSAs) are government-approved accounts that allow you to earn tax-free investment income. Annual contributions up to $6,000 are not deductible for tax purposes, and withdrawals and earnings from the account are not taxable. You can hold more than one TFSA.

Unused contribution room in a TFSA can be carried forward to a subsequent year, and withdrawals can also create space in the following year. Full withdrawal amounts can be put back into the TFSA in future years. However, over-contributing in the same year may result in an over-contribution and be subject to a penalty tax.

Income earned, and withdrawals made from a TFSA do not affect eligibility for federal income-tested benefits and credits, such as Old Age Security, the Guaranteed Income Supplement and the Canada Child Tax Benefit.

Funds can be transferred to a spouse or common-law partner to invest in their TFSA. Assets in a TFSA can also be transferred to a spouse or common-law partner upon death.

Download Understanding TFSAs brochure

Tax-free investment

Earn money without paying taxes.

Higher limit

The TFSA contribution limit is $6,000.


Choose from a wide range of investment options, including mutual funds*, GICs and bonds.

No restrictions on use

Funds can be used at your discretion.

Peace of mind

All deposits are 100% guaranteed by the Deposit Guarantee Corporation of Manitoba.

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*Mutual funds are offered through Credential Asset Management Inc. Unless otherwise stated, mutual fund securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions.

Talk to us.

Together, we'll work on achieving your financial goals.

Call 204-958-6300 or book an appointment at your nearest branch.