Tax-Free Savings Account (TFSA)

Save for any goal, from a new car to a new home, with the interest you earn completely tax free.

Why invest in a TFSA?

Save tax free

Interest and investment income earned in a TFSA isn’t taxed, accelerating your savings growth.

Withdraw anytime for anything

You can take money out for any goal at any time without penalty, and re-contribute it the following year.

Carry forward unused amounts

You can contribute up to $6,000 to your TFSA annually, with any unused amount rolling over to the next year.

Invest your way

Your TFSA can hold a variety of investments, including mutual funds*, term deposits and even savings accounts.

*Mutual funds are offered through Credential Asset Management Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not insured or guaranteed and are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Their values change frequently and past performance may not be repeated.