Tax-Free Savings Account (TFSA)
Great way to grow your savings, it’s tax free
What is a TFSA (Tax-Free Savings Account)?
It is a way for the Canadian residents to set money aside tax free throughout their lifetime. Contribution to a TFSA is not deductible for income tax purposes and any amount contributed as well as any income earned in the account is generally tax-free when it is withdrawn. Make sure to check your TFSA contribution room before making any contributions, as the limit may be different for everyone.
TFSA GICs
Earn a high interest, the tax-free way
- Terms: 90 days to 5 years (on a daily basis)
- Minimum investment: $1,000
- Non-redeemable, Non-cashable
- Available in CAD only
CDIC Eligible
TFSA e-GICs
Earn the best interest rate at home, the tax-free way
- Terms: 90 days to 5 years (on a daily basis)
- Eligibility: Customer who registered for the personal internet banking
- Minimum investment: $500
- Non-redeemable, Non-cashable
- Available in CAD only
CDIC Eligible
TFSA Term Deposit
Risk-free investment for your TFSA
- Terms: 90 days to 5 years (on a daily basis)
- Minimum investment: $1,000
- Non-cashable
- Available in CAD only
CDIC Eligible
TFSA Free Installment Saving
Save with any deposit on any day, tax-free
- Terms : 6 months to 3 years (on a monthly basis)
- Minimum/Maximum monthly deposit: $10 / $10,000
- Available in CAD only
CDIC Eligible
TFSA Savings Account
Flexibility to withdraw, at any time
- No terms, No minimum balance, at your service!
- Interest rate differs from Regular Savings Account rate
- Available in CAD only
CDIC Eligible
TFSA e-Savings Account
Contribute to your TFSA, in the comfort of your home
- No terms, No minimum balance, at your service!
- Eligibility: Customer who registered for the personal internet banking
- Interest rate differs from Regular Savings Account rate
- Available in CAD only
CDIC Eligible