Earn tax-free

Tax-Free Savings Account

Stop paying taxes on the interest you earn. And access your money whenever you like!

Join the 57,000+ members who bank with us!



Discover the benefits!

  • Pay less tax
  • Invest safely
  • Withdraw your funds anytime
  • Pay no monthly fees

Start saving on taxes!



Save money on taxes

Earn without having to pay tax on interest, dividends, or capital. You can contribute up to $6,000 per year and the interest you earn is not taxable. If you don't contribute $6,000 in a year, you can carry it forward to future years.

Enjoy guaranteed interest and principal

We guarantee a competitive interest rate regardless of your income. You'll earn interest on your interest which can have a dramatic impact on your investment growth.

Withdraw money anytime without penalty

Make tax-free withdrawals at any time, any number of times.

Enjoy free banking

Don't let a bank charge you to use your own money! Our TFSA has a $0 monthly charge.


TFSA Options

Earn interest tax-free!

  • Interest paid annually and/or at maturity to your TFSA or chequing account
  • See current rates
  • No redemption penalty
  • Additional deposits are permitted in any amount at any time during the investment length
  • Fixed recurring withdrawals permitted for a set amount at a set frequency (for income replacement)
  • Minimum deposit - $1,000
  • Minimum partial withdrawal - $1,000
  • Minimum balance of $1,000 must be maintained 

Apply Today

Lock in to earn more interest tax-free!

  • Interest paid annually and/or at maturity to your TFSA or chequing account
  • See current rates
  • Minimum deposit - $1,000

Apply Today

Save for your $1,000 minimum!

  • Interest paid annually and/or at maturity to TFSA or chequing account
  • See current rates
  • Pre-authorized transfers are required and may be set up at any frequency and for any amount
  • Additional deposits are permitted in any amount at any time during the investment length
  • Minimum initial deposit - $5.00
  • Minimum balance by maturity - $1,000 

Apply Today 

Take advantage of rate increases!

  • Interest paid annually and/or at maturity to your TFSA or chequing account 
  • See current rates
  • Convertible option only available once during the originating investment length
  • Convert into a non-redeemable investment of equal or greater than the remaining investment length
  • Minimum deposit - $1,000

Apply Today

Earn more PLUS easily access your funds. It's a win-win!

  • 1 year, 2 year, 3 year, 4 year, and 5 year (must have minimum of $1,000 in each investment length)
  • Interest paid annually and/or at maturity to your TFSA or chequing account
  • See current rates
  • Minimum deposit – $5,000

Apply Today

Save for your TFSA investment! And easily transfer funds to your TFSA.

  • Interest calculated daily and paid at month end
  • See current rates
  • Redeemable
  • No monthly fee
  • No minimum deposit required
  • Pre-authorized transfers maybe set up at any frequency and amount
  • Fixed recurring withdrawals permitted for a set amount at a set frequency (for income replacement)
  • No redemption/withdrawal fee

Apply Today



Get professional advice

Needing some help with your investment decision?

Our Innovation Wealth team can work with you to develop an investment strategy. Contact them for a coffee and consultation today!



Save

Our No-Fee Bank Account has no monthly fees and no balance requirements. Save as much as $360/year in fees!

Earn

You earn cash dividends simply by doing your everyday banking with us. The more you bank with us, the more you benefit.

Give

Your business helps us support your community. We allocate 2% to 4% of pre-tax profits/year to our communities.


Questions?

Tax-Free Savings Accounts (TFSAs) are available to any Canadian resident age 18 and older with a Social Insurance Number.

No, they’re not. Only RRSP contributions are. But withdrawals from a TFSA aren’t subject to withholding tax and you can make them anytime!

Any amount you withdraw will be added to your contribution room for the following year. Your contributions for one year can only be $6,000 no matter what you withdraw.

The initial deposit must be $1,000 or more. If you don’t have $1,000, no problem. You can open a TFSA Savings Account. Deposit as little or as much as you like and save, tax-free, for that $1,000 initial deposit. Apply today or if you already have a registered investment with us, you can open a TFSA Savings Account through digital banking. Go to Accounts > Open Account > Registered > TFSA Savings Account.

Added Resource

You can also view our consolidated TFSA brochure (pdf).



Stop paying taxes

Get the best savings plan working for you today. Start earning more tax-free!


Need more help choosing the right savings product?

Try our Savings Selector.

Rates subject to change without notice.

Calculators on the site 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 contact us directly to seek personalized advice from qualified professionals for all personal finance issues.

Investments require a minimum deposit of $1,000. Interest is earned in the currency of the account and calculated on a per annum basis. Rates are subject to change without notice. Interest rates are annual interest rates. Interest is calculated daily on the closing credit balance. If term is withdrawn in full, the accrued interest is paid in full based on prior day's amount. If partial withdrawals are processed, there is no payment of accrued interest as it's paid according to the original terms. Interest for products can either be paid to a separate account or added to the principal on each anniversary date and at maturity.

Learn more about our accounts and services. Review our Account and Fee Information (pdf).