1. Group TFSA Advantages:
    1. Member Booklet
  2. Schedule of Fees
  3. Need Help Enrolling/-Planning?
  4. Pre-Authorized Contributions Guide
  5. Determine What Type of Investor You Are
  6. Financial Information From Canada Life
    1. Commentary

The Group TFSA, offered and administered by the Canada Life insurance company, offers full-time or part-time appointments employees the opportunity to make voluntary contributions directly from their financial institution.

Note: Carleton University facilitates access to the Group TFSA but does not administer it. The Group TFSA is a voluntary savings program to which Carleton University does not make contributions.  Regular contributions are made through your financial institution.

Group TFSA Advantages:

  • Canadian residents 18 or older can contribute.
  • Members can make withdrawals or transfer money from a TFSA anytime.
  • Annual limits are set by the Canada Revenue Agency; however, unused contribution room is carried forward each year.
  • Money in a TFSA grows tax-free.
  • Withdrawals are tax-free.
  • Each year, any withdrawal amounts get added to the member’s contribution room for the following calendar year.
  • Withdrawals or income earned from the TFSA won’t affect member eligibility for federal income-tested benefits and credits.
  • Members can set up regular contributions conveniently through their financial institution.

Member Booklet

Full details of our member Group TFSA can be found in our booklet.

Schedule of Fees

Details of the fees associated with the Group TFSA plan can be viewed here.

Need Help Enrolling/-Planning?

You may contact Canada Life’s Access Line at 1-800-724-3402 or self book an appointment with a member guide:

Our member guides are wealth specialists available to provide support regardless of your age, or financial expertise. A member guide can help you:

• Helping you enroll in your group plan
• Figure out your investment risk so you can choose funds that work for you and your goals
• Understand and optimize what your savings plan entails, putting more money into your pocket or savings account
• Move your investments over to your group plan
• Make informed decisions about your investment mix

Member guides can also provide support in English, French, Simplify Chinese, Spanish, Hindi and Punjabi language. It’s all part of your workplace retirement and savings program to help you with your financial goals.


Pre-Authorized Contributions Guide

Contributing to your TFSA doesn’t have to be time a consuming process now with Canada Life’s pre-authorized contributions system. Check out our step-by-step guide here!

Determine What Type of Investor You Are

Investment personality questionnaire (CanadaLife)

Financial Information From Canada Life