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®||
Earn guaranteed interest tax-free.
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.
1 Some restrictions may apply depending on the investments chosen.
™ Trademark of CIBC