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Grow your savings tax-free for any goal.

With a Tax-Free Savings Account (TFSA), any earnings on your savings or investments are tax-free. With its flexible features, a TFSA can help you achieve short or long-term goals.

What is a TFSA?

A TFSA is more than just a savings account—it’s a flexible, tax-free investment tool.

Contributions are not tax-deductible, but you don’t pay tax on growth earned inside your TFSA (including interest, dividends and capital gains), even when you make a withdrawal.

Your TFSA can hold a variety of qualified investments*, such as cash savings, GICs, mutual funds, stocks, bonds and ETFs. In partnership with Aviso Wealth, we can customize your portfolio to match your risk tolerance and savings goals.

It’s a great way to maximize your savings and minimize your taxes! 

Key benefits of a TFSA

  • Tax-free growth - Any earnings in your TFSA grow tax-free.
  • Tax-free withdrawals - Funds withdrawn from your TFSA don’t count as taxable income.
  • Withdrawal flexibility - Use funds any time for any purpose.
  • No withdrawal impact – Withdrawals won’t impact Old Age Security (OAS) or Guaranteed Income Supplement (GIS) payments.
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Featured TFSA Rates

*Rates subject to change

1.00%

Variable Savings

2.00%

1-Year GIC

3.00%

5-Year GIC

Eligibility

  • Must be a Canadian resident, 18 years or older, with a valid Social Insurance Number (SIN).

TFSA vs. RRSP

Feature

TFSA

RRSP

Tax-deductible contributions
Tax-free withdrawals
Withdrawal impact on contribution room Withdrawn amounts can be recontributed the following year without affecting your contribution limit. Contribution room lost permanently upon withdrawal

Did you know?

If you name a beneficiary, they can receive the funds tax-free after your passing.

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Ready to get started?

Our knowledgeable advisors are here to help you take the next step—whether you're opening a new account, planning for the future, or simply exploring your options. Let’s talk about what’s right for you.

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*Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial 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 nor guaranteed, their values change frequently and past performance may not be repeated.

Unless otherwise stated, mutual funds, other securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions.