#003B49
Picture the freedom of living.

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Incredibly versatile, TFSAs can be withdrawn at any time without being taxed.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.

TFSA Contribution 

TFSA Dollar Limit

For the 2023 taxation year, the TFSA contribution dollar limit is $6,500.
For the 2024 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?

StartSavingEarly_490x490

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.

InvestEarnTaxFree_490x490

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.

WithdrawAnytime_490x490

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?

1MemberRewards490x490

Earn Member Rewards.

Access members are true owners of the organization and are eligible to share in annual profits through our Member Rewards program.

2WorryFree490x490

Worry-free investing.

Feel secure knowing both your principal and interest are 100% guaranteed by the Deposit Guarantee Corporation of Manitoba. 

3RightQuestions490x490

Outstanding service.

We ask the right questions to find the solution that will help you achieve your goals. Our dedicated team is where you need us to be.

Current Rates

Variable

Registered Plans

2.60%

1-Year Fixed

GIC/Registered Plans

4.00%

5-Year Fixed

GIC/Registered Plans

3.60%

*Rates subject to change without notice.

Are you ready to save for your financial goals?

 

Icon_join100x100

Join Access Credit Union

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

Become a Member

 

Icon_bookappointment100x100

Get personalized advice

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

Book an Appointment

 

Icon_waystobank100x100

Already an Access member?

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

Learn TFSA Tips

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.

backbutton