• (403) 380-6280
  • 420 - 13th Street North, Lethbridge, AB

Wiest Insurance & Investment Management

Put together a versatile investment powerhouse.

TFSA – Tax-Free
Savings Account

A flexible, registered general-purpose savings vehicle that allows Canadians to earn tax-free investment income to more easily meet lifetime savings needs

TFSA – Tax-Free Savings Account

Available to anyone 18 years or older, the TFSA is a unique savings account that allows you to grow your savings on a tax-free basis for a personal project. An extremely flexible savings vehicle, you may withdraw funds whenever you want without a tax penalty.

After an RRSP, the TFSA is, without question, the most advantageous investment vehicle created by the Canadian government to encourage personal savings. More flexible than an RRSP, it allows you to put money aside on a tax-free basis for a project (car, house, vacation...) to be used whenever you wish.

Characteristics and advantages of a TFSA:

You can contribute up to the limit regardless of your income. In 2015, the annual TFSA contribution limit was $10,000. In 2016, it is $5,500 and will be indexed thereafter based on inflation. Furthermore, you may carry forward any unused contribution amounts into future years. The annual TFSA limit for 2017 is also $5,500, and the cumulative total of TFSA contribution room since the inception of the program is $52,000.

Your savings grow tax-free because your contributions and any earnings generated are not taxable.

You can put funds aside tax-free, such as an inheritance, a donation or investment income. You may withdraw any amount at any time without penalty.

You can still save for your retirement even if you have reached your maximum contribution limit for your RRSP.

Compare different savings plans to find the one that is right for you.

 Eligibility AgeContribution Age LimitContributing CeilingTax-Deductible ContributionsTax-Sheltered AccumulationTax Payable Upon WithdrawalCarry Forward
Savings Plan
None90Does not apply

Insurance Planning

As an Independent financial advisor, my team will provide services tailored to each client’s needs and objectives. Proper planning now can help reduce emotional and financial stress when the need for insurance arises. Adequate insurance for life and long-term care is essential, and careful planning is crucial to nearly any financial goal. Having insurance coverage in place is invaluable, allowing you to focus on what matters most and not worrying about finances.

Investment Planning

Because Wiest Insurance and Investment Management is an independent firm, we are empowered to deliver unbiased advice and are not restricted to certain investments or proprietary products – solutions are customized to meet your needs and investment objectives.

Allow us to help navigate your retirement planning, tax, estate, philanthropic or business succession plans.


Agriculture continues to be one of, if not the most important industry in Alberta…yet we have seen drastic intergenerational changes. Being raised on a 4th generation crop and cattle farm in Southern Alberta, I have the ability to work with you in developing a financial plan that focuses on successfully transitioning your farm…whether that means succession planning or sale planning. If you are expanding, or have current debt that is insured through your bank or lending facility, allow Wiest Insurance and Investment Management the chance to shop out your insurance needs and bring back a cheaper and better solution!

Corporate & Small Business

You need professional advice and guidance that can help you develop the right plan for your future and the future of your business. Wiest Insurance and Investment Management will provide sophisticated planning solutions for your business including qualified retirement plans, succession planning, buy-sell agreements, risk management, nonqualified executive benefits, and employee benefits along with developing investment and savings accounts owned by your corporation to grow your retained surplus cash.