Open or contribute to a CIBC Tax-Free Savings Account (TFSA) Tax Advantage Savings Account®

Earn guaranteed high interest†, tax free
Access your money at any time
Set up automatic contributions to help keep your savings goals on track
No account fees (transfer fees may apply)

Already have a CIBC TFSA Tax Advantage Savings Account?

Want to open a new CIBC TFSA Tax Advantage Savings Account?

To open a new account, make sure:

You might also need:

  • If funding or contributing from a joint account, you must be able to sign account documents without requiring the other person’s signature
  • An understanding of CIBC application processing times Opens in a dialog.

Enter your banking information and we’ll complete part of your application for you.

If you’re not a CIBC client, open a chequing or savings account to get started.

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Let us complete some of your application for you

Case-sensitive

Online Banking

  • You have the option to create a description for your saved card number. Card descriptions can be up to 25 characters long, using any combination of letters and numbers. The description will appear on the Sign On page with your card number the next time you sign on.
  • If you prefer not to enter a description for your card, select Continue and proceed to Online Banking.

Important: Do not use your password as your card description.

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It's important to note that your last name, date of birth and SIN must match what the Canada Revenue Agency has on its' records for you. If it doesn't, there is a risk that the Canada Revenue Agency may not register this account as a Tax-Free Savings Account, and interest earned could be subject to tax.

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We’ve filled out part of this form for you, but if this information doesn’t match your information on file with the CRA, your application may not be accepted. Please review your personal information carefully before submitting this application.

To add or update any personal information and settings, sign on to Online Banking. Opens in a new window.

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About You

Date of birth
DD
Month
YYYY

All printed and mailed information received from CIBC will be in the language you selected.

Your Social Insurance Number (SIN) is a 9 - digit number issued by the government of Canada that is required in order to register your plan.

We are required to obtain your Social Insurance Number to comply with legal and tax reporting requirements.

Note that we need your home address, not a P.O. Box number. If you wish to add a mailing address, please call 1-888-872-2422 or visit your local branch.

A valid email address is required and will be used to provide you with confirmation of your transactions. To add or update your email address with CIBC, sign on to Online Banking.

You must provide your current occupation to apply. In order to add or update you must select an occupation field first.

Name:    
Age:
Date of birth: ,
Social Insurance Number: *** *** ***
Language preference:
Occupation category:
Occupation description:
Detailed description:
Address:
 
,  
Home phone:
Email:
Business phone: ext

Contribution Information

Make sure the amount you enter (one-time or recurring) is within your TFSA contribution limit. If you don't know your contribution limit, contact the Canada Revenue Agency. Exceeding your personal contribution room will result in a 1% penalty tax per month for each month you’re over your limit. If you're a non-resident, you'll be subject to a similar tax on your contribution while a non-resident.

Your contribution will be dated today or the next business day. However, funds may take up to 2 business days to be transferred from your deposit account to your TFSA account which will not affect the contribution date. Provincial holidays are considered business days when determining a contribution date. Saturday, Sunday and federal holidays are considered non-business days.

Do you want to open a new TFSA account or invest in an existing account?

Contribute to a TFSA that you already hold.

Your existing TFSA account number is the account that holds your TFSA certificates.

99999999
Minimum contribution is $25.00
Do you want to set up a recurring contribution?
Minimum contribution is $25.00
When should your recurring contributions begin?
DD
Month
YYYY
Start date selected must be at least 20 days from submission of this application.

The interest rate(s) above are subject to change without notice at any time. The actual rate(s) applicable to the product you selected will be the rate(s) in effect on the date of your contribution, which may vary from the rate(s) above. Interest is paid on the entire balance at the rate for the tier in which the total daily closing balance falls and is paid monthly.

Your contribution will be dated today or the next business day. However, funds may take up to 2 business days to be transferred from your deposit account to your TFSA account which will not affect the contribution date. Provincial holidays are considered business days when determining a contribution date. Saturday, Sunday and federal holidays are considered non-business days.

A confirmation will be provided to you once your application is processed and will provide the contribution date.

You have 14 days from the date of confirmation to cancel this contribution request.

All Online Banking TFSA TASA contribution dates are based on Eastern Time. For example, a contribution made at 10:00 pm Pacific Time will be considered to be made at 1:00 am Eastern Time the next day.

From existing CIBC account

You'll find your transit number at the bottom of your cheque or in online banking.

(5 digits incl. all 0's)

You'll find your account number at the bottom of your cheque or in online banking.

(7 digits incl. all 0's)
Is this a joint account?
Do you have single signing authority over the joint account you will debit for the investment?
Existing TFSA account:
Existing TFSA account:
Contribution amount:
 
Recurring contribution:
Recurring amount:
Annual interest rate:
Bonus interest: on new deposits
Total rate: on new deposits
Contributions frequency: ()
Start date of your recurring contributions: ,
CIBC account:
Branch transit number:
Account number:

Terms and Conditions

As a Québec resident applying in English, we are required by law to remit our Terms and Conditions documents to you in French. By continuing you affirm that the French version has been remitted yet you expressly wish to be bound by the English version.

IMPORTANT: Please read the Terms and Conditions and disclosures provided below which are part of this application. You must read them, and check the box indicating that you agree to be bound by them. You should download, save or print all of the Terms and Conditions and the disclosures below before proceeding to complete your application.

1.
You agree to the CIBC Tax Free Savings Account Agreement below. You are also being provided a copy of the CIBC Tax Free Savings Account (TFSA) Application/Contribution Form.
2.
You agree to receive the CIBC Tax Free Savings Account Agreement and the disclosures regarding your investment, which are set out below, in electronic format through this online application:
3.
  1. If you are opening a new TFSA:
    • You are applying for a CIBC Tax Free Savings Account (the "Plan") and are asking CIBC to please file an election with the Minister of National Revenue to register your Plan as a Tax-Free Savings Account under the Income Tax Act (Canada), and, if applicable, the income tax legislation of the Province indicated in the address you provided in this application.
  2. You authorize CIBC to withdraw the amount(s) that you have indicated from the CIBC account you have indicated, and to contribute the amount(s) to your new TFSA or your existing TFSA, all as set out in your application.
  3. You agree that any contribution to the Plan is subject to the CIBC Tax Free Savings Account Agreement as amended or replaced from time to time.
4.
Privacy:

CIBC's privacy policy tells you how CIBC (including the CIBC group of companies) will handle your personal information. It also tells you about your rights and choices. In summary:

  1. Purposes: CIBC may handle your personal information to:
    • Identify you and confirm your eligibility for products, including registered plans
    • Obey the law
    • Personalize CIBC’s relationship with you
    • Market and send you offers, including customized marketing and offers based on your account and transaction information
    • Manage risk and our business
    • Improve products and services
    • Enforce our rights (such as collecting a debt)
    • Protect both you and CIBC against fraud and error
  2. Who we share with: CIBC will share information about you within CIBC and the CIBC group of companies, and with third parties, such as regulators and government agencies including the Canada Revenue Agency, group plan sponsors, program partners, mutual fund companies and other issuers, credit bureaus, other financial institutions, service providers and other third parties for the purposes listed and as necessary to administer your estate upon your death. Some of these third parties may be outside of your province or Canada.
  3. How we collect: CIBC may collect information about you from these third parties or by using technology (for example, voice or video recordings, website cookies, mobile apps).
  4. What we collect: The types of personal information we handle depend on how you interact with us (including the information you provide us), but normally include contact and identity information, account and financial information, and information about how you use our products and services. We collect your social insurance number to comply with applicable legal and tax reporting requirements, and otherwise with your consent.
  5. Privacy rights and choices: In some cases, you have a right to withdraw consent. For example, you can call CIBC at 1 800 465-CIBC (2422) to tell us not to send you marketing messages, including customized marketing and offers from us and trusted partners. You also have the right to review and correct the information we have about you.

Where you have provided information about a third party, you confirm you have the authority (where required) to provide this information and to consent to its collection, use, and disclosure as described.

You can read CIBC's privacy policy at any banking centre or online. We may update this policy from time to time. We post our most up-to-date policy on our website.

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Trademarks and disclaimers

† Interest is calculated on the full daily closing balance and is paid monthly. The interest rates quoted are annual rates. The Regular Interest Rate may change at any time without prior notice.

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