Tax Free Savings Account (TFSA) | Investing

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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, tax-free, no matter what you’re saving for.

Purchase or contribute

Earn tax-free interest, paid monthly
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

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 year.^1,2

Purchase or contribute

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

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

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

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

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.

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Market exposure with 100% principal protection¹
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.

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 invest up to the 2016 annual dollar limit of $5,500 and any unused contribution room from prior years can be carried forward year to year. This means from 2009 to 2016 you can save up to $46,500 – tax free!
You pay no taxes on the interest or investment income you earn
You pay no taxes on withdrawals from your TFSA
You can re-contribute the amount of your withdrawal the following calendar year or any year after
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

Learn more

Purchase or contribute

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 more

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 more

¹ Early redemption is available on each anniversary of the purchase date or within 7 days after each anniversary. Redemption is not otherwise available.

² If a GIC is redeemed before maturity to transfer funds to a TFSA at another financial institution, no interest will be paid and a transfer fee will apply.

Trademarks

Start saving today, tax-free!

Discover the ways a Tax-Free Savings Account (TFSA) can help you grow your savings:

Tax-free savings accounts

Earn guaranteed interest, tax-free

Grow your savings, tax-free

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

Security and growth – Non-redeemable TFSA GICs

Diversify your portfolio – Market Linked GICs (TFSA eligible)

Mutual funds – a great option for your TFSA

CIBC Portfolio Solutions

What's a TFSA?

Get an account that offers daily interest, tax-free

Why a TFSA?

Comparing TFSAs and RRSPs

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