CIBC Tax-Free Savings Accounts (TFSAs) can help you reach your saving and investment goals sooner, because you'll minimize your taxes and maximize your savings.
With a CIBC TFSA, you don't pay tax on any interest or other income you earn. That way your savings increase faster and you can achieve what matters to you sooner. Also:
- All earnings and withdrawals are tax-free
- TFSA withdrawals can be made at any time1
- You can contribute up to $5,000 annually2
At CIBC, you can choose from a wide range of eligible investments for your TFSA. Choose from savings accounts, Guaranteed Investment Certificates (GICs), mutual funds, managed portfolios and brokerage solutions.*
A CIBC advisor will meet with you to understand your goals and help you determine which TFSA solution works best for you and how it can fit into your overall personalized plan.
Talk with a CIBC advisor, a CIBC Imperial Service® Advisor or a CIBC Wood Gundy® Investment Advisor about which CIBC TFSA solution is best suited to your needs.
It's worth a talk.
Visit any branch.
Find a CIBC Imperial Service Advisor.
Find a CIBC Wood Gundy Investment Advisor.
Or call 1-800-465-2422.
1 Restrictions may apply, depending on the investments you choose.
2 TFSA contribution room is available to Canadians who are 18 or older. If you make TFSA contributions to all your TFSAs that in total exceed $5,000 per year, regardless of financial institution and regardless of withdrawals, you may face a penalty tax of 1% per month on the highest excess amount, for each month that the excess remains in the account(s).
* CIBC Imperial Service and CIBC Wood Gundy products and services and CIBC brokerage solutions are provided by CIBC and/or CIBC affiliates; ask for details. CIBC Wood Gundy is a division of CIBC World Markets Inc., a subsidiary of CIBC and Member CIPF. CIBC Imperial Service is most appropriate for individuals with household investable assets greater than $100,000. CIBC Wood Gundy is most appropriate for individuals with household investable assets of $250,000.
® Registered trademark of CIBC. ™ Trademark of CIBC. "It's worth a talk." and "CIBC For what matters." are trademarks of CIBC.
