Tax-Free Savings Account (TFSA)

Overview

The 2008 federal budget contained a bonus that almost every Canadian can benefit from: a Tax-Free Savings Account. It allows you to set money aside in eligible investment vehicles without paying tax on the income and gains earned within the TFSA.

You can open a Tax-Free Savings Account if you are at least 18 years of age and a Canadian resident.

Is it flexible?You can save tax-free and still have the flexibility to withdraw your savings at any time and for any purpose; you decide when and why.

Does it give a great rate?The interest we pay is usually reserved for investments that make you lock away your money at other banks. Our interest rates give you the power to save your money!

Start saving tax-free with a TFSA.

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