Using your TFSA funds

Collabria service update: September 21 12:00p.m.

We have been notified that August statements have not been issued for SCU members with a Collabria Classic and Cash Back Mastercard®. Our vendor has assured us no other products seem to be impacted and they are working to investigate and resolve this issue as quickly as possible. Please review your Collabria Credit Card account in your MyCardInfo or CardWise account to ensure you do not miss your next payment due date. We apologize for any inconvenience this may cause.

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Using your TFSA funds

There are no restrictions on the way you use your TFSA funds (contributions and earnings), so they are a great choice for your mid- to long-term savings goals. TFSAs are best used for savings that can grow over months and years, but with no tax at withdrawal and minimal fees they are quickly accessible when needed.

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