The Streetwise Funds® in your TFSA: discover
the power
With The Streetwise Funds in your TFSA, you get the growth potential of index mutual funds and the added bonus of tax-free earnings. It's a powerful combination of saving and investing!
Streetwise Funds 101
The Streetwise Funds are Balanced Index Mutual Funds, which means they invest in the whole market rather than betting on individual stocks. So, as the markets perform, so does your investment. It's a powerful investment strategy designed for long-term growth.
Experts agree it's the way to go as the markets have outperformed 80% of actively managed funds over the long term.
Investment Breakdown
Diversified investments offer more opportunities for growth. The Streetwise Funds are spread across four major stock and bond market indexes, in Canada, the US and overseas.
By spreading your investment over 4 indexes, The Streetwise Funds give you exposure to thousands of stocks and bonds, ensuring that no single change in a company, industry or region greatly affects the performance of your investment.
- DEX Universe Bond Index (representing Canadian bonds)
- S&P/TSX 60 Index (representing Canadian stocks)
- S&P 500 Index (representing US stocks)
- MSCI EAFE Index (representing international stocks)
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Save on fees
Since we don't spend a lot of time trying to pick and choose individual stocks that might outperform, we charge you less in fees. Saving money on fees ensures more of your money stays right where it belongs - in your TFSA to grow tax-free.
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Totally Tax-free
There's no doubt, it's easier to make money when your earnings aren't taxed. With a TFSA, there are no taxes payable on interest or investment earnings. As your growth compounds tax-free, you're creating the potential for long-term wealth accumulation.
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TFSA Fast Facts
- You won't pay tax on interest or investment earnings.
- You can have more than one TFSA, and TFSAs with several banks are allowed, but your total annual contributions between all of these accounts needs to be $5,000 or less.
- You have a wide array of savings and investment options for your TFSA, including savings accounts, GICs and mutual funds.
- You can contribute up to $5,000 per year, and this amount can be carried over into future years, if you don't make the maximum contribution.
- You can withdraw funds, and then re-deposit that amount again the following year, in addition to your annual $5,000 limit.
- Your withdrawals will not affect your eligibility for income-based federal tax credits and benefits .
- Remember that your savings grows tax-free in your TFSA, but your contributions can't be deducted from your taxable income the way they can be for an RSP.
- You can open a TFSA if you are a Canadian resident 18 years of age or older, and you've filed a tax return.
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Really to enroll?
It's fast, it's safe and convenient.
The Streetwise Funds family performance
Of course, past performance is no guarantee of what will happen in the future, but if you want to diversify with the goal of achieving extra growth, The Streetwise Funds could be right for you.
® The Streetwise Funds is a registered trademark of ING Bank of Canada, used under license.
Mutual funds have the potential for higher returns than something that is guaranteed, because they pool investor's money with other investors in order to take advantage of investments they wouldn't normally have access to. Mutual funds help ensure investors are exposed to the different asset classes, sectors, markets and regions that are available to them in order to gain potential higher returns.
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. The indicated rates of returns are the historical annual compounded annual returns including changes in unit value and reinvestment of all distributions and does note take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. 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.
