CIBC TFSA Tax Advantage Savings Account®

The new annual TFSA limit is $10,000!

CIBC TFSA Tax Advantage Savings Account®

  • Limited time offer: Save more and earn more with %* interest
  • Earn interest on your deposits right away
  • Access your money any time

I have a CIBC bank account

Purchase or Contribute: a CIBC TFSA Tax Advantage Savings Account

I don’t have a CIBC bank account

Purchase with our help

Contact us to get started

By phone
Call Telephone Banking1 at 1-800-465-3863

In-person
Visit one of our branches

We’ll help you

  • Open a CIBC bank account so you can open a TFSA
%*

Grow your savings with bonus interest

Make new deposits into a CIBC TFSA Tax Advantage Savings Account
and earn %* interest for a limited time.

Benefits

Reach your savings goals faster

Grow your savings tax-free
  • Tax-free interest is calculated on your full daily closing balance, and is paid monthly.
Automatic deposits
  • Set up a recurring deposit for a faster, more convenient way to save.
Flexible access to your money
  • If something comes up and you need to access the funds in your TFSA, you can make tax-free withdrawals at any time.
No fees
  • You don’t pay any fees on your account, unless you transfer all or part of your TFSA funds to another financial institution ($100 fee applies).

Minimum Investment $25

Interest Rate:  %* on new deposits (limited time offer expires July 30, 2015)

TFSA and RRSP

Make the most of tax-sheltered plans

A TFSA and an RRSP can help you meet your financial goals

TFSA
Tax-Free Savings Account

RRSP
Registered Retirement Savings Plan

Short-term and long-term goals Retirement savings and income
No tax deduction for contribution Tax deduction for contribution
Withdrawals are tax-free Withdrawals are taxable income
Withdrawals can be re-contributed in a later year Withdrawals made when you are retired will potentially be taxed at a lower rate
Each calendar year, you can contribute up to the TFSA dollar limit for the year ($10,000 in 2015); unused contribution room can be carried forward. Each calendar year you can contribute up to your RRSP maximum contribution limit for the year; unused contribution room can be carried forward.

Find out more about TFSAs and RRSPs. For details, see “Should You Contribute to Your TFSA or Your RRSP?”

I have a CIBC bank account

Purchase or Contribute : a CIBC TFSA Tax Advantage Savings Account

I don’t have a CIBC bank account

Get started with our help

Don’t wait! The sooner you act, the more interest you’ll earn.

Earn % bonus interest on new deposits until July 30, 2015.

Questions?

Enter your question in sentence form, e.g.: What is a Tax-Free Savings Account (TFSA)?

Terms and Conditions

*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 April 30, 2015 (the New Balance). Bonus interest rate offer expires July 30, 2015. Interest is calculated daily on each day’s final balance and paid monthly. Interest rates are subject to change. Other conditions apply.

Based on federal budget April 21, 2015. Canada Revenue Agency has stated financial institutions may immediately allow existing and new account holders to contribute up to the proposed limit. Tax laws are subject to change at any time.

1 To buy through Telephone Banking or online, you need to have a CIBC bank account or CIBC GIC already.

® Registered trademark of CIBC.