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Picture the freedom of living.

Tax-Free Savings Account (TFSA)

 

Earn more for yourself. Shield your investments from tax.

Introduced in 2009 by the Government of Canada, TFSAs allow you to set money aside throughout your lifetime and earn on these investments without being taxed on them.

Incredibly versatile, TFSAs can be withdrawn at any time without being taxed. This makes them a great option for short-term savings like a vacation or an emergency fund.

TFSAs are also great for long-term savings because the interest, dividends, and capital gains earned in a TFSA are tax-free for life. Eligible investments for a TFSA could include term deposits, mutual funds, bonds, and more.

Are you ready to save for your financial goals?

 

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Join Access Credit Union

Apply online in minutes to become a member of Access and start saving.

 

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Get personalized advice

Book a no-obligation consultation to get financial advice tailored to your needs.

 

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Already an Access member?

Learn valuable self-guided tips to get the most from your banking experience.

TFSA Contribution 

TFSA Dollar Limit

For the 2024 taxation year, the TFSA contribution dollar limit is $7,000.
For the 2025 taxation year, the TFSA contribution dollar limit is $7,000.


TFSA Contribution Room

The Canada Revenue Agency website provides general information available to individuals on the calculation of their TFSA contribution room.  Individuals can find details of their own contribution room through one of the following CRA services:

  - My Account
  - MyCRA (mobile app)
  - Tax Information Phone Service (TIPS) (1-800-267-6999)

Why choose a TFSA?

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Start saving early

A TFSA can be a great place to start investing. If you’re the age of majority in your province and have a valid social insurance number, you should be eligible for a TFSA.

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Invest & earn tax-free

Any amount deposited into the account within the contribution limit—as well as any income earned from interest, investment, and capital gains—is not taxed throughout your lifetime.

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Withdraw anytime

The TFSA allows you the freedom to take out your funds at any time for whatever you need, without being taxed—and you can re-contribute them the following year.

Why choose Access Credit Union?

Deposit Guarantee

Deposit Guarantee

Enjoy peace of mind knowing that your investment is solid and secure because all deposits are guaranteed 100% by the Deposit Guarantee Corporation of Manitoba.

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Competitive Rates

Access Credit Union offers various options to best suit your needs and has some of the most competitive rates around.

Expert advice on your schedule

Expert advice on your schedule

We’re available to meet with you in person, over the phone or online to suit your schedule and make your experience comfortable and easy.

Current Rates

Variable

Registered Plans

2.30%

1-Year Fixed

GIC/Registered Plans

3.75%

5-Year Fixed

GIC/Registered Plans

3.95%

*Rates subject to change without notice.

Looking for TFSA advice?

Every little bit you save counts in the longer term. If you need a little help getting started, here are some quick and easy ways to get going.

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