• Savings Accounts
• RSPs
• Tax-Free Savings Accounts
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  • Tax-Free Mutual Funds
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• Mutual Funds
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Tax-Free Mutual Fund Account

Now you can grow your mutual fund investment tax-free!  Invest like a Saver by opening a  Tax-Free Mutual Fund Account and you won't pay any tax on income earned on your investment. Learn more on How Can I Benefit from the new TFSA Account?

Account Features

Tax-Free

With the introduction of the new Tax-Free Savings Account by the Federal Government, any income earned on your investment in an ING DIRECT Tax-Free Mutual Fund Account will not be taxed.

All Canadians who have filed a tax return and have reached the age of majority will be able to invest up to $5,000 without being taxed on income earned on their investment in a Tax-Free Mutual Fund Account.

Make it Automatic – Automatic Savings Plan (ASP)

Set up an Automatic Savings Plan with The Streetwise Fund and make investing automatic. You can arrange to automatically transfer a preset amount of money from your ING DIRECT Investment Savings Account (or any other bank account) into your Tax-Free Mutual Fund Account. Making investing automatic can really add up fast and grow your investment. Thanks to Dollar Cost Averaging and your ASP, you'll buy more units when markets are low and fewer units when markets are high, so you could lower the average cost of your fund units. It's also the best way to ensure you get the most out of tax-free savings each year by contributing the maximum permitted under the Tax-Free Saving Account program.

Low 1% MER and No minimums, No Commissions, No Hidden Fees

Why pay for expensive management and fancy financial research teams that you don't really need? Especially since "they" tend to charge you an average MER (Management Expense Ratio) of 2.6% on Canadian Balanced Funds. Yikes! And for what? Paying high fees can reduce the performance of your investment over the long term. With the Streetwise Fund^™ you pay a significantly lower MER (only 1%) and all that extra money stays where it belongs – in your Fund, growing. After all, isn't that the point of investing in the first place?

You profit from what we don't have:

• No minimums.
• No commissions.
• No hidden fees.

Easy access

We're always open so you can bank with us online at any time. Also if you need to talk to someone you can reach us at 1-877-700-1737 8 am to 8 pm ET. Our knowledgeable Mutual Fund Associates will be happy to help you with any questions you might have about the new Tax-Free Mutual Fund Account.

How it works

When it comes to enrolling and investing, we have Canada's first fully paperless mutual fund enrollment process for current clients. So, from the comfort of your computer, in minutes, you can enroll or you can call us at 1-877-700-1737 and one of our knowledgeable Mutual Fund Associates will help you.

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Want to talk to someone?
1-877-464-5678
Monday to Friday 8 am - 8 pm EST

Invest in The Streetwise Funds^® today. We're ready when you are.

ING DIRECT Streetwise Funds are exclusively offered by ING DIRECT Asset Management Limited. ING Direct Funds Limited is the principal distributor of ING DIRECT Streetwise Funds. ING DIRECT Asset Management Limited and ING Direct Funds Limited are wholly owned subsidiaries of ING Bank of Canada. This site does not constitute an offer or solicitation to residents of the U.S., the UK or Australia or anyone in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such a solicitation.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, values change frequently and past performance may not be repeated. Mutual funds are not insured by CDIC.

Member MFDA Investor Protection Corporation.