Tax-Free Savings Accounts
The 2008 federal budget contained a bonus that almost every Canadian can benefit from: Tax-Free Savings Accounts (TFSAs). They allow you to set money aside in eligible investment vehicles without paying tax on income and gains earned within the TFSA.
Tax-Free Savings Options
TFSA Savings Account
|CIBC TFSA Tax Advantage Savings Account®||
%* on new deposits (limited time offer expires March 31, 2015)
Save your money tax-free and have access to it at any time.
TFSA Mutual Funds
|CIBC Mutual Funds||Broad selection of mutual funds ranging from savings, income and growth funds|
TFSA Portfolio Solutions
|CIBC Managed Portfolio Services||All-in-one investment solution that frees you from researching, monitoring and rebalancing your portfolio|
|CIBC Personal Portfolio Services||A discretionary investment management service that offers a diversified approach to global asset allocation and access to investment managers from around the world|
Cashable TFSA GICs
|CIBC Flexible TFSA GIC™||A 1-year GIC with the ultimate in flexibility; access your money at any time, with interest if you redeem 30 days or more after the issue date. Purchase or contribute|
|CIBC Cashable Escalating Rate TFSA GIC™||Increasing annual interest rates over a 3- or 5- year term, and access to your money with interest on each anniversary2,3. Purchase or contribute|
|CIBC TFSA GIC (Redeemable)||Guaranteed fixed interest rate; withdraw your money at any time at specific early redemption rates. Purchase or contribute|
Non Redeemable TFSA GICs
|CIBC Escalating Rate TFSA GIC™||Premium returns over a 3- or 5- year term, with increasing annual interest rates2. Purchase or contribute|
|CIBC Bonus Rate TFSA GIC||Earn a premium interest rate above our regular rates on select terms (available periodically)2. Purchase or contribute|
|CIBC TFSA GIC (Non-Redeemable)||Total security of guaranteed interest plus full protection of your principal2. Purchase or contribute|
Market Linked GICs (TFSA eligible)
|CIBC Market Linked GICs||Guaranteed fixed term investments that combine the security of traditional GICs with the potential to earn a higher market-linked return in one simple solution.|
Save faster for important goals such as your retirement, starting a business, your children's education, a new car or a family vacation because you're not paying tax on your investment income. A TFSA is a great way to save and a great way to invest.
At CIBC, we're committed to helping you Achieve what matters to you™. All of our CIBC advisors are available to meet with you to discuss how a CIBC Tax Free Savings Account could be an integral part of your overall savings and investment plan.
* This is a combined bonus and regular annual interest rate paid on new deposits made to a CIBC TFSA Tax Advantage Savings Account. The bonus and/or regular rates may change at any time without prior notice. The regular interest rate is paid on the full daily closing balance. The bonus rate is earned only on new deposits and only on days when the new deposits result in a full daily closing balance that exceeds the closing balance on October 31, 2014 (the New Balance). Bonus interest rate offer expires March 31, 2015. Interest is calculated daily on each day’s final balance and paid monthly. Interest rates are subject to change. Other conditions apply.
1 Some restrictions may apply depending on the investments chosen.
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