Tax-free savings accounts

Earn guaranteed interest, tax-free

Grow your savings tax-free with the CIBC TFSA Tax Advantage Savings Account®. Or select one of our CIBC TFSA GICs – you’re guaranteed to keep what you invest while earning competitive interest on your money, tax-free.

Grow your savings, tax-free

CIBC TFSA Tax Advantage Savings Account®

Start reaching your savings goals today, no matter what you’re saving for.

Purchase or contribute to a CIBC TFSA Tax Advantage Savings Account.
  • Earn competitive, guaranteed interest on your deposits right away
  • Withdraw your money anytime
  • Set up recurring deposits to grow your savings faster

Access to your money when you need it – Cashable TFSA GICs

CIBC Flexible TFSA GIC™

This 1-year GIC lets you access your money at any time, with interest, if you redeem it 30 days or more after the issue date.

Purchase or contribute to a CIBC Flexible TFSA GIC
  • Access your money at any time
  • Minimum investment of $500
  • Simple interest is paid at maturity

CIBC Cashable Escalating Rate TFSA GIC™

With a CIBC Cashable Escalating Rate TFSA GIC, you deposit money with us for 3 or 5 years at guaranteed interest rates that increase each year1,2.

Purchase or contribute to a CIBC Cashable Escalating Rate TFSA GIC
  • Access to your money on each anniversary date
  • Minimum investment of $500
  • Guaranteed competitive returns and rates that increase each year

CIBC TFSA GIC (Redeemable)

Enjoy a guaranteed fixed interest rate. Withdraw your money at any time at specific early redemption rates.

Purchase or contribute to a CIBC TFSA Redeemable GIC
  • Option to cash out at any time
  • Early redemption rates available
  • Minimum investment of $500

Security and growth – Non-redeemable TFSA GICs

CIBC Escalating Rate TFSA GIC™

Competitive returns over a 3 or 5-year term, with increasing annual interest rates.

Purchase or contribute to a CIBC Escalating Rate TFSA GIC
  • Guaranteed competitive returns and rates that increase each year
  • Non-redeemable prior to maturity
  • Minimum investment of $500

CIBC Bonus Rate TFSA GIC

Earn a premium interest rate above our regular rates on select terms (available periodically).

Purchase or contribute to a CIBC Bonus Rate TFSA GIC
  • Variety of terms available on a time-limited basis
  • Non-redeemable prior to maturity
  • Minimum investment of $500

CIBC TFSA GIC (Non-redeemable)

Total security with guaranteed interest, plus full protection of your principal.

Purchase or contribute to a CIBC TFSA non-redeemable GIC
  • Terms ranging from 2 months to 5 years
  • Non-redeemable prior to maturity
  • Minimum investment of $500

Diversify your portfolio – Market Linked GICs (TFSA eligible)

CIBC Market Linked GICs

Take advantage of the growth potential of a market-linked return, but with full protection of your principal.

Learn moreabout C I B C Market Linked GICs
  • Market exposure with 100% principal protection2
  • Potential for higher returns than traditional GICs based on market performance
  • RRSP and TFSA eligible

Mutual funds – a great option for your TFSA

When you put mutual funds in your TFSA, you pay no taxes on the investment income you earn. Choose from a wide array of CIBC mutual funds and find the right one for your TFSA.

Savings funds

  • Low risk
  • Steady level of income with focus on preserving capital
  • Accessible anytime

Income funds

  • Low to medium risk
  • Potential to generate higher income than savings funds
  • Some capital growth over the long term

Growth funds

  • Higher risk
  • Long term investment
  • Higher potential return than other asset classes

CIBC Portfolio Solutions

Save yourself the time and effort of constructing and monitoring your own portfolio by choosing one of our professionally managed portfolio solutions. Let our expert advisors help you find the right mix of investments for your TFSA.

CIBC Smart Investment Solutions

CIBC Personal Portfolio Services

What's a TFSA?

A Tax Free Savings Account (TFSA) helps you grow your savings without having to pay taxes on the interest or investment income you earn.

  • Canadian residents, 18 and over, can contribute up to the 2020 dollar limit of $6,000 and any unused contribution room from prior years. This means if you never had a TFSA, were at least 18 in 2009 and have been a Canadian resident since then, you can contribute up to $69,500 where it can grow tax free!
  • You pay no taxes on the interest or investment income you earn (as long as you have followed the rules)
  • You pay no taxes on withdrawals from your TFSA
  • You can re-contribute the amount of your withdrawal the following calendar year or carry it forward to later years. (This does not apply to withdrawals to correct over-contributions)
  • TFSA contributions are not tax-deductible, unlike RRSPs
  • Choose from a wide selection of savings and investment products for your TFSA contributions. These include the CIBC Tax Advantage Savings Account and investments such as GICs, mutual funds and stocks

Get an account that offers daily interest, tax-free

CIBC TFSA Tax Advantage Savings Account®

  • Earn interest on your deposits right away
  • Access your money anytime
Purchase or contribute to a CIBC TFSA Tax Advantage Savings Account Learn moreabout the C I B C T F S A Tax Advantage Savings Account

Why a TFSA?

A TFSA allows you to earn tax-free interest and investment income as you build your savings for the long, medium or short term.

Unlike an RRSP, which is not meant to be accessed until your retirement, a TFSA allows you to withdraw your savings if the need arises, without paying tax. Plus, you can re-contribute the amount of your withdrawal the very next year.

Speak with a CIBC financial advisor about how a TFSA can help you meet your savings and investment needs.

Or follow the link below and find out more about making the most of your TFSA.

Learn moreabout using a T F S A

Comparing TFSAs and RRSPs

Both TFSAs and RRSPs are integral pieces of a balanced portfolio. Find out more about these two important savings and investment options and how they can help you meet your goals.

Learn moreabout T F S As and R R S Ps

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