† 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.
1 Make sure you stay within your contribution room. If you overcontribute to your TFSA, the extra amount will be taxed at 1% for every month it’s in your TFSA. For details, visit the Canada Revenue Agency Opens in a new window..
2 Your TFSA contribution room is the maximum amount that you can contribute to your TFSA. Since 2009, your TFSA contribution room accumulates every year you’re 18 years or older and a resident of Canada with a valid SIN at any time in the calendar year.
3 This does not apply to withdrawals to correct over-contributions.
4 A $100 fee applies if you transfer all or part of your TFSA funds to another financial institution.
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