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HomePersonal BankingWealth ManagementSmall BusinessCommercialCorporate & InstitutionalAbout BMO

Tax-Free Savings Account (TFSA)

How to Save, Tax-Free

A Tax-Free Savings Account (TFSA) is a great way to save without worrying about taxes eating away at your investment profits. You can save and invest up to $5,500 a year without paying tax on any earnings that may accrue. You can use a TFSA to enhance your overall financial plan and help you save for both long and short term goals.

Please speak to your tax professional for tax advice regarding a TFSA.