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Tax-Free Savings Account
(TFSA)
Invest up to $5,500 a year without paying tax on the interest you earn.
Important TFSA features to note:
- If you have any unused contribution room left from previous years, it is automatically carried forward. If 2013 is the first time you are contributing to a TFSA, you can add as much as $25,500 and grow your savings tax-free!
- If you have previously withdrawn from your TFSA, you can re-contribute in the following calendar year.
Interest Rate
| Up to $5,500.00* | % |
| Over $5,500.00* | % |
* = Paid on the portion of the balance within each tier.
Rates are calculated on a per annum basis. Rates are subject to change without notice.
Rates are calculated on a per annum basis. Rates are subject to change without notice.
Features
- Invest up to a maximum of $5,500 - or more if you have any unused contribution room left from previous year.
- Complete access to your money any time tax-free (excludes debit card access)
- No fees for contributions, withdrawals or transfers from this account
- Eligible for CDIC deposit insurance up to applicable limits to protect your savings
- Semi-annual or quarterly statements
Account Fees
- You pay no fees on TFSA Savings Account transactions.
Rates are calculated on a per annum basis. Rates shown are subject to change without notice.
