Announcement: 

 

1. Now you can exchange 60 currencies at our branch with competitive rates including New Taiwan Dollar!

 

 

2. Starting on 2023/03/27, the NSF cheque fee will be $45 for each cheque. 

 

3. Starting on 2023/01/25, the fee for counter cheque will be $5 each.

 

4. Starting on 2023/01/01, TCTCU would increase the overdraft interest rate from 15% to 19%

 

 

At Taiwanese Credit Union, eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Service Regulatory Authority (FSRA)

 

Deposit Insurance Reserve Fund (DIRF) (fsrao.ca)

Credit Unions and Deposit Insurance | Financial Services Regulatory Authority of Ontario (fsrao.ca)

 

 

 

Past Events: [Recording has been posted on Facebook] 

https://www.facebook.com/groups/taiwanesecreditunion/

 

On Aug 20, Saturday at 11 AM, TCU Board of Directors - Tina Wang hosted a finance workshop"How Federal budget 2022 Impacts Individuals."

 

On Aug 27, Saturday at 11 AM, We invited Ivy Chuang to host a finance workshop "Use Tax-Advantaged Account to Increase Your Wealth."

 

 

 

 

***Information to share***

 

 

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 $6,500 for the year 2023, total contribution room of $88,000 as of January 1 2023
                  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.