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News


• DICO (Deposit Insurance Corporation of Canada) insures deposits up to $250,000 per account, comparing with bank insure deposits up to $100,000.
• Qtrade Investor: Stock trades start at $6.95 for Active Traders and $8.75 for all investors.
• To encourage members to save more money, we now introduce "TCU Target GIC". Members can deposit equal amount of money each month and get higher GIC rates.
• Click here for Credit Union Branches and ATMs Location near you, or visit www.the-exchange.ca for a surcharge-free ATMs location.


TFSA (TAX-FREE SAVINGS ACCOUNT)


1. Begins January 1, 2009
2. For all Canadian residents from ages 18 and up who have filed a tax return.
3. Your contribution to a Tax-Free Savings Account can not be deducted from your income on your tax return, but the interest you earn will not be taxed.
4. You can contribute a maximum of CAD $6,000 for the year of 2020.
5. If you do not make the maximum contribution, the unused contribution room can be carried over to the following year. There is no limit to the contribution room that can be carried forward.
6. You are free to take money out of your Tax-Free Savings Account, and this will not affect federal income-related benefits and credits.

 

 

 

TCU reserves the right to change without notice

  • Tel. : 905.944.0981 or 1.866.889.8893
  • Fax : 905.944.0982
  • Address : Metro Square, 3636 Steeles Ave. E., Suite 305, Markham ON L3R 1K9 CANADA
  • Business Hour :
  • 10 am - 5 pm, Monday to Friday
  • 10 am - 3 pm, Saturday only one Saturday per month