Change Language | Region*
American flag

*Products and services featured on our websites are only available to residents of the selected country.

Set your homepage
    Set your homepage

HomePersonal BankingWealth ManagementSmall BusinessCommercialCorporate & InstitutionalAbout BMO

Tax-Free Savings Account (TFSA)

How to Save, Tax-Free

A Tax-Free Savings Account makes sense for just about everybody:

  • It’s a flexible savings plan that allows Canadians to save and invest tax-free, with competitive interest rates
  • Contribute up to $10,000 in 2015, or more if you have available contribution room
  • It’s a great way to save for short and long term goals
  • No taxes on interest income or withdrawals
  • You can hold a variety of investments in a TFSA (e.g., cash savings, GICs, mutual funds, bonds, stocks and more).
†Please speak to your tax professional for tax advice regarding a TFSA.

Open a Tax-Free
Savings Account

BMO Online Banking Customers can contribute or apply online.

Talk to us in person.