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Tax-Free Savings Account (TFSA)



A TFSA makes sense for just about every Canadian.

  • Hold a variety of investments in a TFSA: cash savings, GICs, mutual funds, bonds, stocks and more
  • Invest tax-free1 with a flexible savings plan that offers competitive interest rates
  • Contribute up to $5,500 in 2016, or more if you have available contribution room
  • Don’t pay taxes on interest income or withdrawals
  • Save for short- and long-term goals

View TSFA rates


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Already a customer? Apply or Contribute to your
TFSA online
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Important notice

On January 1, 2016, the federal government reduced the annual Tax-Free Savings Account (TFSA) contribution limit from $10,000 to $5,500.

However, you will still retain the contribution limits you’ve accumulated from previous years.



BMO customers:
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Sign in to open a new Tax-Free Savings Account or contribute to your existing TFSA.


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BMO Nesbitt Burns clients can open BMO TFSAs through their advisors. BMO Private Banking clients can contact a Client Advisor for more information.
Self-directed investing

Self-directed investing

For customers interested in Self-Directed, investment options, sign into your BMO InvestorLine account.

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InvestorLine client?

Open a self-directed investments account with BMO InvestorLine.

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Investment resources