In anticipation of the launch of the Tax-Free Savings Account (TFSA) in the new year, Mavrix Fund Management Inc. said client name TFSA accounts can be opened now to be ready to accept transactions beginning on Jan. 2.

“The TFSA is the most important savings vehicle since the introduction of the RRSP,” said David Balsdon, CCO, secretary-treasurer and vp, dealer services, in a release. “The TFSA is a tremendous savings tool available for all Canadians to help achieve their financial goals.”

All Mavrix mutual funds that are RRSP eligible qualify for TFSA investing. This includes Mavrix Balanced Monthly Pay Fund, Mavrix Dividend & Income Fund and Mavrix Strategic Bond Fund.

There are no annual administration fees associated with opening and maintaining a Mavrix client name TFSA account.

Investment advisors can access Mavrix TFSA account applications right now via the company’s web-site or by contacting their Mavrix representative.