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

With a CIBC TFSA Tax Advantage Savings Account®, you can save for everything that matters to you and access your money any time.

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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

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 You can re-contribute the amount you’ve withdrawn next year or later.

Boost your savings

Grow your money even faster with compounding interest.

Contribute to your TFSA for life

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

Key TFSA numbers

$7,000

Contribution limit for 2024

$95,000¹

Maximum contribution limit

15 million²

Canadians with a TFSA

Open a TFSA Tax Advantage Savings Account® to grow your savings

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