Compass Credit Union

Compass Credit Union

Unfortunately, the Manitoba Groundhog saw his shadow 😔 See you in 6 weeks when spring arrives.

TFSA stands for Tax-Free Savings Account. If you aren't using a TFSA, you’re leaving money on the table! Despite the name, it’s not just a "savings account"—it’s a powerful tax shield for your wealth.
Benefits:
💰 100% Tax-Free Growth: Whether you earn interest, dividends, or big capital gains, the CRA doesn't take a penny.
💸 Flexible Withdrawals: Take your money out whenever you want—no taxes, no penalties, no questions asked.
📈 More Than Cash: You can hold stocks, ETFs, GICs, and mutual funds inside a TFSA to supercharge your gains.
🔄 Room Rollovers: Didn't contribute last year? No problem. Your unused room carries forward forever.

The 2026 Update: The annual contribution limit for 2026 is $7,000. If you've never contributed and were 18+ in 2009, you could have up to $109,000 in total room!

Pro Tip: If you withdraw money today, you get that contribution room back—but you have to wait until January 1st of next year to put it back in!

Want to get started? Our Wealth Specialists Kian and Susan would be happy to help or answer any questions you might have. You can book an appointment with them through our website: www.compasscu.ca