The 2008 federal budget contained a bonus that almost every Canadian can benefit from: Tax-Free Savings Accounts. They allow you to set money aside in eligible investment vehicles without paying tax on income and gains earned within the TFSA.
Tax-Free Savings Accounts
Savings Account
| CIBC TFSA Tax Advantage Savings Account™ | Earn guaranteed interest tax-free |
Mutual Funds
| CIBC Mutual Funds | Broad selection of mutual funds ranging from savings, income and growth funds |
| CIBC Managed Portfolio Services | All-in-one investment solution that frees you from researching, monitoring and rebalancing your portfolio |
Cashable GICs
| CIBC Flexible TFSA GIC™ | A 1-year GIC with the ultimate in flexibility; access your money at any time, with interest if you redeem after 30 days |
| CIBC Cashable Escalating Rate TFSA GIC™ | Increasing annual interest rates over a 3- or 5- year term, and access to your money with interest on each anniversary2,3 |
| CIBC TFSA GIC (Redeemable) | Guaranteed fixed interest rate; withdraw your money at any time at specific early redemption rates |
Non Redeemable GICs
| CIBC Escalating Rate TFSA GIC™ | Premium returns over a 3- or 5- year term, with increasing annual interest rates2 |
| CIBC Bonus Rate TFSA GIC | Earn a premium interest rate above our regular rates on select terms (available periodically)2 |
| CIBC TFSA GIC (Non-Redeemable) | Total security of guaranteed interest plus full protection of your principal2 |
Market Linked GICs (TFSA eligible)
| CIBC Market-linked GICs | Guaranteed fixed term investments that combine the security of traditional GICs with the potential to earn a higher market-linked return in one simple solution. |
Save faster for important goals such as your retirement, starting a business, your children's education, a new car or a family vacation because you're not paying tax on your investment income. It's a great way to save and a great way to invest.
What do I need to know about making TFSA contributions?
What types of investments can I put in a TFSA?
What happens when I want to make a withdrawal from my TFSA?
At CIBC, we're committed to helping you Achieve what matters to you™. All of our CIBC advisors are available to meet with you to discuss how a CIBC TFSA could be an integral part of your overall savings and investment plan.
1 Some restrictions may apply depending on the investments chosen.
™ Trademark of CIBC
*Conditions apply to the CIBC TFSA Tax Advantage Savings Account bonus interest offer. Offer runs from January 4, 2010, to April 30, 2010. Please ask for full terms and conditions in-branch or learn more online.
Copyright® 2010 Canadian Imperial Bank of Commerce. All rights reserved.
