Jump to Main Content

Tax-Free Savings Accounts (TFSA)

Protect your investment earnings and withdrawals from tax

  • Any eligible investments held within a TFSA are tax-sheltered and grow tax free
  • Withdrawals from a TFSA are not taxed upon withdrawal or included in the holder’s income 
  • Unlike an RRSP, you do not receive a tax deduction for any contributions made to a TFSA; therefore the proceeds deposited to a TFSA are after-tax 
  • Canadian residents 18 years of age or older are eligible to contribute to a TFSA 
  • As of January 1, 2016, the annual contributions limit is $5,500, providing up to $46,500 of cumulative contribution room. 

Build your TFSA Savings with these great products

Good To Grow High Interest Savings Account - 1.40%1 

  • No Monthly Fees
  • No Teaser Rates
  • No Minimums​

3-Year Escalator GIC - 2%2

  • Market leading rate of return
  • Cashable every year with no penalty
  • Principal and return are guaranteed 
  • Available for Non-Registered and RRSPs, RRIFs and TFSAs

 5-Year Ladder GIC Strategy - 1.90%3

  • Higher returns over a longer term
  • Limit your exposure in a low rate environment
  • Principal and return are guaranteed
  • Available for Non-Registered and RRSPs, RRIFs and TFSAs

Save the smart way. Save tax-free!


All rates are subject to change without notice. Other conditions may apply. 1The 1.40% Good To Grow High Interest Savings Account is an annual interest rate. Interest is calculated on the closing daily balance and is paid monthly. 23-Year Escalator GIC interest is calculated and compounded at the end of each defined annual period, and paid at maturity. Minimum investment of $100 required. 35-Year Laddered GIC Strategy requires a minimum investment of $500.