Plan types · Tax-Free Savings Account

Group TFSA administration for Canadian employers

A Group TFSA gives employees a workplace savings account where growth and withdrawals are tax-free. Employers often offer it alongside a Group RRSP, especially for younger employees saving toward nearer-term goals. LINK administers and keeps the records for Group TFSAs on the same platform as your other plans.

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How it works on LINK

What LINK handles, and what stays with you

LINK handles

Recordkeeping for each member's TFSA alongside their other plan accounts
Contribution processing through payroll, including any employer contributions
Digital onboarding and a suitable ETF portfolio based on each member's risk profile
Member access to balances and contributions in one place
Member support for account and investment questions

Your organization

Decide whether to offer employer contributions, and on what formula
Run payroll deductions
Share plan information with new hires

At a glance

Group TFSA essentials

Who contributes

Employees through payroll, with optional employer contributions

Tax treatment

Contributions are made with after-tax money; growth and withdrawals are tax-free

Access to savings

Withdrawals can be made at any time without tax

Effect on RRSP room

None. TFSA contributions and withdrawals don't affect RRSP room

Who it suits

Employees earlier in their careers, or anyone saving for goals before retirement

Pairs well with

A Group RRSP, with matching on one or both plans

What it costs

Set plan by plan, and can vary based on plan size, the investments offered, and whether an advisor is involved. See our fee transparency guide for what goes into it.

General information only. Rules and limits can change each year; confirm details with your plan specialist.

Questions

Group TFSA questions, answered

Why offer a Group TFSA as well as a Group RRSP?

A Group TFSA gives employees a tax-free account they can draw on before retirement, which suits younger employees and nearer-term goals. Some employers match on both plans up to a combined cap; others match on whichever plan the employee chooses.