Grow your money tax-free and use your savings whenever you want. Save for your short or long-term goals and use it toward things like a vacation, wedding, or your retirement.
A TFSA (Tax-Free Savings Account) is a registered savings plan that lets you grow and withdraw your money, tax-free. You won’t be taxed on the interest and income earned when you withdraw funds.
A TFSA is a savings option that allows you to access funds, without penalty, when you need them. While an RRSP is more of a long-term savings option for retirement, where early withdrawals are taxed.
Include different types of investments in your TFSA to make the most of your money, including:
Use our TFSA calculator to help you determine the financial benefits of investing through TFSAs, and then start saving.
These calculators are made available to you as tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy. All examples are hypothetical and are for illustrative purposes only. Please visit your branch to seek personalized advice from qualified professionals for all personal finance issues.
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