Applicants must be between 18 and 65 years old.
About Us
At Sanket Gandhi - Insurance and Financial Advisors in Ontario, we stand by you as your well-wishers during challenging times.
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Tax-Free Saving Account Services in Ontario
Save Big, Pay Zero Tax with a TFSA!
Enjoy the benefits of tax-free growth with a Tax-Free Savings Account Plan in Ontario (TFSA). At Sanket Gandhi Insurance Company, we offer TFSAs that help you save, invest, and grow your wealth without worrying about taxes. Perfect for short-term goals or long-term security, a TFSA is one of the most flexible savings tools available in Ontario.
An Overview of Tax-Free Saving Account
A Tax-Free Savings Account (TFSA) allows Canadians to grow savings tax-free. Contributions, earnings, and withdrawals are not taxed, making it a flexible investment plan for short- or long-term financial goals. Whether saving for emergencies, vacations, or investments, a TFSA maximizes growth without tax burdens, offering significant financial advantages.
Compare and Choose Your Policy
A Tax-Free Saving Account Checklist
To get started with your Tax-Free Saving Account services in Ontario,
please ensure you meet the following requirements:
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Provide details about your medical history and any current health conditions.
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Must be a resident of Canada, with coverage options varying by province.
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Proof of address like utility bill, bank statement, or lease agreement.
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Recent pay stubs, tax returns, or bank statements.
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Completed health assessment form, if required.
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Non-smokers may receive better rates; certain lifestyle choices (like extreme sports) may influence eligibility.
Our Working Process
Your Journey with Us
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Initial Consultation
We begin with a detailed discussion to identify your financial objectives and concerns
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Thorough Assessment
We will analyze your existing coverage and financial landscape
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Strategic Solutions
We provide custom insurance and financial plans recommendations
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Proactive Support
We offer unwavering support and regular check-ins to ensure ongoing satisfaction
FAQs
Common Tax-Free Saving Account FAQs
What is a TFSA?
A Tax-Free Savings Account (TFSA) is a tax-advantaged savings account that allows Canadians to earn investment income tax-free.
Who can open a TFSA?
Any Canadian resident who is at least 18 years old and has a valid Social Insurance Number (SIN) can open a TFSA.
Are there any fees associated with TFSAs?
Fees vary by financial institution and may include account maintenance fees, investment management fees, and transaction fees.
