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Get the group tax-free savings account

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This document contains both information and form fields. To read information, use the Down Arrow from a form field. Application for membership in a group tax-free savings account Return to Canada
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How to fill out group tax- savings account

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How to fill out group tax- savings account

01
Evaluate if a group tax-savings account is the right option for your financial goals and needs.
02
Contact your HR department or benefits administrator to inquire about available group tax-savings account options.
03
Obtain the necessary enrollment forms and information from the HR department.
04
Fill out the enrollment forms completely and accurately, providing all required information.
05
Submit the completed forms to the HR department by the specified deadline.
06
Review any contribution limits or eligibility requirements for the group tax-savings account.
07
Monitor and manage your contributions to the group tax-savings account as needed.

Who needs group tax- savings account?

01
Employees who want to maximize their tax savings through employer-sponsored retirement or savings plans.
02
Employers who want to offer a valuable benefit to their employees and encourage saving for retirement or other financial goals.
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Group tax-savings account is a special account where a group of taxpayers can pool their savings to take advantage of tax benefits.
Any group of taxpayers who want to save on taxes collectively can file for a group tax-savings account.
To fill out a group tax-savings account, the group members need to provide information about their income, deductions, and tax credits.
The purpose of a group tax-savings account is to help taxpayers save on taxes by pooling their resources together.
Information such as income, deductions, tax credits, and details of the group members must be reported on a group tax-savings account.
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