What’s a Tax Advantage Savings Account?

It’s a cash-only savings account to help you grow your money faster. You don’t pay tax on the interest you earn, and you can access your money any time.

Save for anything you want

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

Access your money anytime

Boost your savings

Contribute to your TFSA for life

Key TFSA numbers


Contribution limit for 2024


Maximum contribution limit

15 million2

Canadians with a TFSA