A new way to save your hard-earned dollars

Beginning today, Wednesday, Feb. 7, 2018, employees can enrol in our group tax-free savings account (TFSA) through PuroPension, our workplace retirement and savings program. Whether you are booking a vacation or buying your first home, this is a great way to help you save for your short- and long-term financial goals.

Why register for a group TFSA?

The group TFSA provides you with all of the features of an individual TFSA, which include:

  • Not paying taxes on any interest, dividends or other investment gains.
  • No age restrictions for withdrawing funds.
  • If you withdraw some of your savings, you can re-contribute without impacting your annual contribution limit.*

Some added advantages of a group TFSA are:

TFSA

When enrolling in the group TFSA, you are able to either set up after-tax payroll deductions, or make lump-sum contributions directly to your account by visiting mysunlife.ca/Purolator.

*Please note: There is an annual maximum contribution limit for your TFSA, which is set by the Canada Revenue Agency (CRA). It is your responsibility for monitoring your contributions and ensuring that you do not exceed the annual limit, for more information, click here. To find out how much contribution room you have, please check your Notice of Assessment or your CRA account by clicking here.

Education sessions

Starting in mid-February, you will have the opportunity to attend education sessions and learn more about our group registered retirement savings plan (RRSP) and group TFSA. To register for a session, click here.

For more information about the group TFSA, please visit the PuroPension – Group RRSP & TFSA page or mysunlife.ca/Purolator.

If you have any questions about this communication, please contact pensions@purolator.com.

Leave a comment:

Your email address will not be published. Please enter your name, email and a comment.