Get an account that gives you daily interest, tax-free

With a CIBC TFSA Tax Advantage Savings Account®, it’s easy to grow and access your money tax-free.

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Key TFSA numbers

$6,500

Contribution limit for 2023

$88,000¹

Maximum contribution limit

15 million²

Canadians with a TFSA

Reach your goals faster

Whether you’re saving for a new car or turning your current home into your dream home, a CIBC TFSA Tax Advantage Savings Account can help you get there sooner.

Grow your savings, tax-free

Start saving today and pay no taxes on the interest earned.

Access your money anytime

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 You can re-contribute the amount you’ve withdrawn next year or later.

Turn your refund into more funds

Got a tax refund this year? Save it in your TFSA and watch it grow.

Contribute to your TFSA for life

Unlike an RRSP, you don’t have to close your TFSA at a set age.

Looking for another option? Save and defer tax with an RRSP.

A registered retirement savings plan may be right for you if you’re saving for:

Retirement

Your first home

RRSP Daily Interest Savings Account

Use your contribution to reduce your taxable income
Don’t pay tax until you withdraw funds
Use up to $35,000 from your RRSP account toward purchasing your first home

Open an RRSP

Open a TFSA Tax Advantage Savings Account® for maximum savings

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