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!

Sign on to apply   for a TFSA. Opens a new window.

Interest rates
0.40%

Interest is calculated on the daily closing balance and is paid into your account monthly.
Rates subject to change.

Resources
CDIC deposit protection badge. Opens in a new window.
Simplii Financial is a trade name of CIBC. CIBC is a member of CDIC. Deposits made with Simplii Financial do not benefit from additional or separate CDIC deposit insurance coverage from CIBC. Eligible deposits made with Simplii Financial are aggregately protected with eligible deposits held at CIBC up to the maximum amount of deposit insurance coverage provided by the CDIC.
CDIC Deposit Insurance Information Opens a new window.

Can't find what you're looking for?

Other questions people were interested in.