Coming soon! Save for your first home, tax free. The First Home Savings Account (FHSA) is coming to CIBC in 2023.

Learn more about the FHSA.

Reach your savings goals faster

Grow your money tax-free

Tax-free interest is calculated on your full daily closing balance and is paid monthly.

Hassle-free deposits

Set up a recurring transfer into your account for a faster, more convenient way to save.1 Money transfers from another CIBC personal bank account are free.

Contribute to your TFSA for life

Unlike a Registered Retirement Savings Plan (RRSP), you don’t have to close your TFSA at a set age. Plus, your unused TFSA contribution room doesn’t disappear in a year; you can carry it forward as long as you live.2

Access your money any time, for any reason

Make tax-free withdrawals3. You can re-contribute the amount you’ve withdrawn next year or later.

Tax free savings accounts at a glance

About the account

Interest rate:


Monthly Fees4:


Minimum investment:


2023 TFSA dollar limit:


How do I qualify?

Investment calculator

Find out how much you can save with a TFSA.

Calculate your savings

Get a CIBC TFSA Tax Advantage Savings Account