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Tax-Free Savings Account (TFSA)

Save for any goal, from a new car to a new home, with the interest you earn completely tax free.

 

Why invest in a TFSA?

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Save tax free

Interest and investment income earned in a TFSA isn’t taxed, accelerating your savings growth.

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Withdraw anytime for anything

You can take money out for any goal at any time without penalty, and re-contribute it the following year.

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Carry forward unused amounts

You can contribute up to $6,000 to your TFSA annually, with any unused amount rolling over to the next year.

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Invest your way

Your TFSA can hold a variety of investments, including mutual funds, term deposits and even savings accounts.

 
 

Set up your TFSA your way

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Not sure if a TFSA is what you need?

We’ll be happy to help review your goals and see if a TFSA is the right solution to reach them.

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Take a look at the latest, competitive rates on offer for our investing solutions.

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Try our TFSA calculator to see how tax-smart investing can help your savings grow faster.

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Level up your financial know-how

Why a TFSA is your secret weapon, opens in a new tab

There’s lots of ways to save, but a TFSA might just be the secret weapon you’ve been looking for.

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TFSA vs RRSP: What’s the difference?, opens in a new tab

Confused by the difference between TFSAs and RRSPs? We’re here to help break it down for you.

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Get more genuine tips, tricks, and helpful resources on our Honest Money blog., opens in a new tab

Visit honestmoney.ca >, opens in a new tab
 

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