Special Offers
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Get a $25 gift card when you complete a goal planning session
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Terms & Conditions
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Get up to $700 cash back when you start investing with Mainstreet
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Terms & Conditions

Goal Planning Session Offer Details

To receive the Goals Planning Session Offer, you satisfy the following criteria:

  1. You must be the age of majority, and you must be a resident of Ontario.
  2. You must meet in person or virtually with one of CAM or CS Wealth Advisors to do a comprehensive review of your financial goals and develop an investment plan to achieve those goals

New Investor Offer Details

To be eligible for the Investment Bonus Offer, you must satisfy the following criteria:

  1. You must qualify for the Goals Planning Session Offer
  2. You must deposit funds* to a Mainstreet and/or CAM and/or CS Investment Account prior to the end of the Promotion Period. *see qualification matrix below for source and Investment Account qualification criteria.

*Cash bonus offer tiers

Investment Amount Cash Back/Bonus
$5,000-$24,999 $100
$25,000-$99,999 $200
$100,000-$249,999 $300
$250,000-$249,999 $400
$300,000 $600

*Qualification matrix

Origination of Funds Investment Account
Mainstreet Chequing/Savings Mainstreet Term
Deposit
Credential Asset Management or Credential Securities
Mainstreet Chequing/Savings Does Not Qualify Does Not Qualify Qualifies
Mainstreet Term Deposit Does Not Qualify Does Not Qualify Does Not Qualify
Other Financial Institution Does Not Qualify Qualifies Qualifies

Tax Free Savings Accounts (TFSAs)

Save your money and the taxes! A Tax Free Savings Account (TFSA) is a registered general-purpose savings product that allows you to earn tax-free interest income in the account to more easily meet your short-term or lifetime savings needs whether it be to purchase a new car, renovate a house, start a small business or take a family vacation.

A TFSA can make an excellent complement to an RRSP and may be used to maximize retirement income when RRSP contribution limits have been reached.

How does a Tax-Free Savings Account Work?

  • Canadian residents age 18 or older who is an eligible taxpayer and has a SIN number is eligible.
  • Current annual deposit limit $7,000
  • Investment income earned and withdrawals made from a TFSA account are not subject to tax.
  • Unused TFSA contribution room is carried forward and accumulates in future years.
  • Full amount of withdrawals can be put back into the TFSA in future years. Re-contributing in the same year may result in an over-contribution amount which would be subject to a penalty tax.
  • Choose from a wide range of TFSA investment options such as Mutual Funds*, Guaranteed Investment Certificates (GICs) and Bonds.
  • Contributions are not tax-deductible like an RRSP product.
  • Neither income earned within a TFSA nor withdrawals from it affect eligibility for federal income-tested benefits and credits, such as Old Age Security, the Guaranteed Income Supplement, and the Canada Child Tax Benefit.
  • Funds can be given to a spouse or common-law partner for them to invest in their TFSA.
  • TFSA assets can generally be transferred to a spouse or common-law partner upon death.

How much can I contribute?

Starting in 2009, TFSA contribution room accumulates each year in which you are at least 18 years of age (at any time in the year), have a Canadian social insurance number and are a resident of Canada.

Contribution room for each year is as follows:

  • 2009: $5,000
  • 2010: $5,000
  • 2011: $5,000
  • 2012: $5,000
  • 2013: $5,500
  • 2014: $5,500
  • 2015: $10,000
  • 2016: $5,500
  • 2017: $5,500
  • 2018: $5,500
  • 2019: $6,000
  • 2020: $6,000
  • 2021: $6,000
  • 2022: $6,000
  • 2023: $6,500
  • 2024: $7,000
  • Total: $95,000

* Mutual funds are offered through Credential Asset Management Inc.

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