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Tax-Free Savings Account (TFSA)

Earn 2.00% interest until March 31, 20162 on new deposits to your BMO® TFSA Savings Account*.

You can hold a variety of investments in a TFSA (e.g., cash savings, GICs, mutual funds, bonds, stocks and more).

View Tax-Free Savings Account rates

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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

1 Subject to contribution limits. Please speak to your tax advisor for advice regarding TFSAs.

2 The interest rate of 2.00% is comprised of the posted interest rate of 0.50% plus a bonus interest rate of 1.50%. The interest rate (both posted and bonus rates) may be changed at any time without notice. Current interest rates are available in BMO branches where TFSA Savings Accounts are available, at and by calling 1-877-225-5266. The posted interest rate applies to the entire balance in your TFSA Savings Account. The bonus interest rate only applies to the portion of the balance in your TFSA Savings Account that exceeds the closing balance as of January 5, 2016. The posted interest and the bonus interest are each calculated on the daily closing balance and payable monthly as of the last day of the month. Interest rates are per-annum. Offer may be changed or withdrawn at any time without notice.