Our TFSA loan offers you
Talk to your financial advisor today.
No matter what life stage you're in, a TFSA loan can assist you with your savings goals and ensure that you are using the benefits of a TFSA - tax free savings growth - to the fullest.
What kind of saver are you?
Case Study: A TFSA loan can amplify your savings. The TFSA loan is easy way to to meet your savings goals and maximize the return on your investments.
|Year 1||Year 2||Year 3||Year 4||Year 5|
|Opening TFSA balance||$10,000||$10,600||$11,236||$11,910||$12,625|
|Market gains at 6%||$600||$636||$674||$715||$757|
|Ending TFSA balance||$10,600||$11,236||$11,910||$12,625||$13,382|
|Annual rate of return||6%||6%||6%||6%||6%|
|Tax savings ($)1||$227||$241||$255||$271||$287|
|Tax savings (%)||2%||2%||2%||2%||2%|
The net growth in the TFSA after year 5 is $2,278. (Market value of $13,382 minus the $10,000 loan and $1,104 interest paid). Actual rates and amounts may differ. The illustration is a hypothetical example and is not intended to project or predict actual results.
Tax savings as illustrated above are intended for comparison with an investment in a non-registered account.
B2B Bank is proudly 100% Canadian, and we have an independent spirit – much like the advisors we work with.
We’re dedicated to you and your advisor because we strongly believe that all Canadians should have access to independent
We give Canadians a choice. We serve independent advisors who are able to offer you advice and financial solutions that are appropriate for your individual needs.
1Source: http://www.taxtips.ca/taxrates/on.htm, Ontario resident with a 37.91% tax rate. Individuals should consult qualified tax specialists for more information.
While TFSA loans have the ability to magnify gains, they also have the potential to magnify market losses. B2B Bank does not provide investment advice to individuals or advisors and does not endorse or promote any investment products. The dealer and advisor, not B2B Bank, are responsible for determining the suitability of investments for their clients and for informing them of the risks associated with borrowing to invest. B2B Bank acts solely in the capacity of lender and loan account administrator. Any loan approval from B2B Bank should not be construed as an endorsement of any investment choice, program or strategy. All loans are subject to credit approval and borrowed monies are due and payable regardless of the performance of the investments purchased. B2B Bank reserves the right to request additional information or documentation at its sole discretion. The B2B Bank Lending Program is available exclusively through licensed financial advisors. ®B2B BANK is a registered trademark of B2B Bank.