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A TFSA is a government-registered account that allows you to grow your savings tax-free, whatever your annual income. You pay no tax on interest, income, or withdrawals.
Save effortlessly with systematic savings. Your payments are automatically deposited into your TFSA. You can also access your online bank and contribute directly to an existing TFSA.
The age of majority, either 18 or 19, depending on the province*
TFSAs are offered to all Canadian residents who have reached the age of majority* and have a valid social insurance number (no maximum age).
* The age of majority per province:
18 years old: Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Prince Edward Island
19 years old: British Columbia, New Brunswick, Newfoundland and Labrador, Nova Scotia, Yukon, Nunavut, Northwest Territories
Choose products based on your investor profile, transfer your savings and start earning interest tax-free.
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