The new annual TFSA limit is $10,000!
Save more and earn more with %* interest on new deposits.
What would you like to save for?Go: Investment Selector
What is your savings goal?
- Contributions are tax-deductible when deposited
- You don’t pay taxes until you withdraw your funds at retirement
- Your plan can contain GICs, stocks, bonds, savings accounts, mutual funds, and more
Save for your child's post-secondary education.
- Investment income is tax-sheltered until withdrawn
- You can boost your contributions with the Canada Education Savings Grant (CESG)
- Individual and family plans are available
Learn more: Registered Education Savings Plans
Earn guaranteed interest, tax-free.
- Funds can be withdrawn at any time
- Save for any goal: retirement, vacation, emergency fund, and more
- Options include Savings Accounts, TFSA Mutual Fund, and TFSA GICs
Learn more: Tax Free Savings Accounts
Help save for the long-term financial security of a person with a disability.
- Investment income earned is tax-free
- Contributions when paid out are not considered income
- May be eligible for the Canada Disability Savings Grant (CDSG)
Learn more: Registered Disability Savings Plans
Save for the short or long term.
- Save for any goal: a down payment for a home, a vacation, wedding, new car or other major purchase, or simply a rainy-day fund
- Earn investment income your way
- Choose from a wide array of CIBC products and services
See our Ways to Invest section below to find the right solution for you.
A pool of funds managed by investment experts.
- Include savings, income and growth funds
- Diversified to manage risk
- Hold potential for long-term growth
Learn more: Mutual Funds
Investment suites managed and monitored by a team of specialized professionals.
- Offer freedom from making day-to-day investment decisions
- Suit your investment objectives and risk tolerance via a choice of portfolios
Learn more: Portfolio Solutions
Stable investments that protect your principal while earning competitive interest.
- Short- or long-term investments
- Good for low-risk investors
- Good for beginner or experienced investors as part of a balanced portfolio
Learn more: Guaranteed Investment Certificates
Combine protection and growth potential.
- Guarantee your full principal amount
- Interest tied to equity or commodity markets
- Offer flexible fixed terms, from 2 to 6 years
Learn more: Structured notes
Ways to Invest
Paul and Lydia: "We know we should be saving for our retirement, but we are unsure how to start. We need to learn more about investing so we can feel confident about our decisions. How can we start saving for our future without giving up the things we love today?"Read their story
TFSAs vs RRSPs when nearing retirement
Jamie Golombek discusses which is better when nearing retirement: TFSA or RRSP?
See the Top 10 Most-Asked Questions
Save for Retirement
Paul and Lydia: We know we should be saving for our retirement, but we are unsure how to start. We need to learn more about investing so we can feel confident about our decisions. How can we start saving for our future without giving up the things we love today?"
"Because you're young, you two are in a great position to start saving for your retirement," Paul and Lydia's advisor explains with enthusiasm. "You probably won't be retiring for another 30 or 35 years. With that amount of time, even small amounts contributed regularly can grow to a substantial amount."
He suggests Paul and Lydia start with the basics: a Registered Retirement Savings Plan (RRSP). Their contributions are tax-deductible and may even generate a tax refund that they can put back into their RRSP or use to pay down debt. In addition, all income and earnings are tax-deferred as long as the money remains in the plan.
Paul and Lydia agree with their advisor that to balance their other priorities it's best to start off small. They know how important it is to start investing as soon as possible to give their money more time to grow. With the help of their advisor, they have identified that they can set up a CIBC Regular Investment Plan for $100 a month and plan to increase the amount over time.
To help them choose appropriate investments, their advisor uses the CIBC Investment Selector. Based on their needs, their CIBC advisor will help them build a diversified investment portfolio with the right mix of safety, income, and growth.
Thanks to their regular RRSP contributions, Paul and Lydia are confident they are on the right track -- and they are still able to enjoy the things they love today. They're looking forward to meeting with their advisor again in a year's time - to review their progress to date and make any adjustments their plan might need.