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Designed to help you save money for a wide range of goals — not just retirement
You get competitive interest rates and there is no need to keep a minimum balance.
Contributions are not tax-deductible, but all the interest and income earned is tax-free. Any money you withdraw is tax-free too.
Unlike a Registered Retirement Savings Plan, you don’t need to close your account when you reach a certain age.
If saving for retirement is what you are looking to do, then an RRSP may also be appropriate for your needs.
Watch your money grow
- Get competitive interest rates without having to keep a minimum balance
- Earn interest on every hard-earned dollar without paying any taxⓘ
- There’s no monthly fees, fixed terms or minimum deposits to open your account
- Save for specific long- and short-term goals and grow your money
Ready to open a TFSA?
If you’re already a Simplii client, then just sign on to online banking and apply now. If you’re new to us, then open a No Fee Chequing Account, High Interest Savings Account or Cash Back Visa* Card before applying for a TFSA.
Join Simplii today!
Interest rates
| 0.40% |
|---|
Interest is calculated on the daily closing balance and is paid into your account monthly.
Rates subject to change.
